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#61
19-06-2018, 06:30 AM
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Re: How to invest S$50K to double it in a year?
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Now, Here is my view:, Firstly, today, 50,000 isn’t really a lot of money. (Sorry to say the truth) You want to flip 1 fold in the next 12 months, I can’t think of anything else except gamble,, Not knowing what you “investing” into is no different from gambling. You seem to know nothing about investment. So ya, why not take it to casino, you can flip it overnight. Secondly, you mention 5% too low, 10-30% per year also good! why do you want to grow your money at this rate? Is that extra 5-15k really very important to you during the next one year? You know investment can’t reap this kind of constant result every year right? Even if you can gain 20% this year, you can’t possibly repeat the same earning in future. Unless you have a really strong portfolio. But with 50K as capital I doubt so. Well, even so, if that’s the case, how much are you prepare to lose in exchange to gain that 10-30%? Lastly,, if 50k is what you have, I suggest you be more prudent. Look long term and never underestimate the power of compounding,, Alternatively, invest in yourself dude, look into some legit courses,, How wrong can you get by investing in yourself? Well, just my 2 cents worth. Don’t take it the wrong way mate. Cheers! Mr Ow.
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Spread Love and Make Friends Last edited by ourworld; 19-06-2018 at 06:42 AM. 
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#62
19-06-2018, 06:53 AM
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Re: How to invest S$50K to double it in a year?
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By the way, if you have this thought. Very soon your 50k will be gone and you will be back to square one. You start a company not know what to do and you gonna just give it a generic name? You don’t have any plan at all mate. Even thou it’s cheap registering a pte ltd but doesn’t means you wanna throw that money just like this. Please Don’t get that illusion that having a registered pte ltd under your name makes you a legit business owner. My 22 yo cousin registered 3 companies and he is still live like shit. Jack of all trades, master of none. You seriously need to attend some courses or some networking session mate. Go find out what’s going on in the market and what’s the trend. Do proper research, Then plan properly before you even take the first step. Not learning from some Youtube clip!! Can you even sell? I mean are you good in sales? You wanna sell something online? You know what’s the statistic? What’s the rate of success? You done online marketing? How many years of experience you have? You action reflect your mind! If you can think far, go learn from others. How old are you and when is the last time you learn something new? Even if you wanna throw that 50k away, throw it in a smart way! So much effort and time wasted and still throw that 50K away, Might as well throw it to the casino. You still have 50% chance. Side note, you probably know us. Your name is familiar. You probably visit and supported our thread before mate and I thank you for that. I use to work in the bank. And to be honest, the “bankers” sell shit to people like you. Bcoz you know nuts and They just wanna make commission out of you. You are not mass affluent nor high net worth. They won’t pay a single attention to you at all mate. No offense mate. You sold your freaking house to get to where you are now. Take the next step wisely. How many more houses do you still owned?
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Spread Love and Make Friends Last edited by ourworld; 19-06-2018 at 07:09 AM.
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#63
19-06-2018, 09:52 AM
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Re: How to invest S$50K to double it in a year?
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Just like when one person pass you a ladder, and you still ask him how to climb..
__________________
LIFE W/O SEX SUX I'M CIM KING
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#64
19-06-2018, 01:21 PM
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Re: How to invest S$50K to double it in a year?
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#65
19-06-2018, 01:36 PM
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Re: How to invest S$50K to double it in a year?
Dear Mr and Mrs Ow
Firstly many thanks for your comments and advice. Yes, I was and still am a supporter of Mrs Ow. That's why I tried but failed to up your points as I had done so previously. I know $50K is not a lot, especially to affluent people like your kind selves. To me, it's a BIG fortune because my family and I have been living from hand to mouth for more than a year! I cannot count the number of times when my wallet was empty or had less than $3 in it. So $50K is a lot a lot. At one time, when I was out zero for more than a week, and a kind gentleman gave me $150, I cried and couldn't thank him enough! He told me no need to return but I told him I won't forget and would return it with interest the moment I got money again. I had returned him the money. He refused to take the $200 I gave but took back $150. Yes, I am lousy and that's why I ended up in this situation. I have only myself to blame. I cannot blame anyone else. That's why I hope to learn how to make money from rich people like yourselves!
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#66
19-06-2018, 05:51 PM
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Re: How to invest S$50K to double it in a year?
Bro,
Here is my feedback: Don't do anything with your money yet. Put it in a safe place with no risk, like the banks. First, invest yourself in financial planning and money management. Go to www.drwealth.com, there are some courses that are free, and 1 course in money management that only cost $120, which will save you in the long run. Then invest in yourself by learning from books or courses about stock investing (not trading). In emerging markets you still can make 30%-50% return annually from stock market if you're really doing good research and already learn about value investing, so basically you can double your money in 2-3 years. Even in Singapore in 2017 there are some stocks that gain more than 50%, see the list here https://zuuonline.sg/investment/stoc...ingapore-2017/ While letting your money grows, you can also work on your skills (some courses are heavily subsidized up to 90% by SG Gov if you're SG citizen and have income less than 2K per month), so you can get a job with good salary. If you're SG Citizen and still eligible for BTO, you can apply another one, this is also a long-term investment where you can benefit at least 100K in the next 5 years, but you need to have an eligible income to get a loan from banks. Once you get a good job, you can try to do side job like property agent to add more income. So think long-term instead of short-term, invest in yourself with knowledge, and network with others. I hope you learn your lesson and have better luck with your future.
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#68
19-06-2018, 08:38 PM
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Re: How to invest S$50K to double it in a year?
Enjoy ur new found wealth. Take ur wife n kids for a better meal outside than ur usual.
Based on ur pattern, max I give u 6mths before u be back where u r albeit 50k lighter....
__________________
Uplist: Do PM me if I left you out. Thks!
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#69
19-06-2018, 09:13 PM
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Re: How to invest S$50K to double it in a year?
S&P500 is falling, STI will follow. Gold is falling. US dollar will rise. If from this month until end of 2018. STI keep falling. Get ready for firesale properties.
STI fall, 6 months property in Singapore will follow. They call it pullback. You can reap some good bargains. Apple? Amazon? Alibaba? Osim?
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#70
20-06-2018, 12:39 AM
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Re: How to invest S$50K to double it in a year?
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#71
20-06-2018, 03:44 AM
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Re: How to invest S$50K to double it in a year?
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What is my pattern? You said “based on ur pattern”. What do you know about my pattern?
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#72
20-06-2018, 08:49 AM
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Re: How to invest S$50K to double it in a year?
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6mths time u see for urself lo.
__________________
Uplist: Do PM me if I left you out. Thks!
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#73
20-06-2018, 10:24 AM
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Re: How to invest S$50K to double it in a year?
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Making it big dont need too much cash. $$$ is just a tools...it depends on how you use it and use it wisely and correctly...
__________________
LIFE W/O SEX SUX I'M CIM KING
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#74
20-06-2018, 11:06 AM
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Re: How to invest S$50K to double it in a year?
Your first step is to divide your $50k into 2 parts. That which you cannot afford to lose, and that which you are going to invest and hope to get good investment returns.
The amount you cannot afford to lose, put it into a time deposit for a year. You can get 1.3 to 1.4% if you shop around. Hint: try finance companies. Treat this as money that you touch only when it is life or death e.g medical bills The amount you can afford to invest (investments other than time deposits do not guarantee capital will be returned) is what you take calculated risks with. To buy goods to re-sell, enrich your skills to be more employable, buy shares, invest in a company etc. There is no free lunch. The higher the returns, the higher the risk of losing your entire capital. The best blue chip shares give 5% to 6% annual returns from dividend. If you manage to buy low and sell high, then there is capital appreciation too. No 1 rule of investing is never put money in products you do not understand. I wish you wisdom in your choice and a good future.
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#75
20-06-2018, 01:19 PM
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Re: How to invest S$50K to double it in a year?
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Take the global financial crisis, everyone that jumped ship had their savings slashed in half, those that stayed, it took 4-5 years to get back up and till date it's all up. S&P500 is up %70 in the last 5 years. Just think how many events happened in the last 5 days in the world - taarifs, US quitting human rights consul and the like... SP is down 0.8%. Investments are for the long run, not jumping in and out.
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