$10000 ONLY

[Meecar]

Yes, wine is viable alternative diversification

 

i'm personally using cigars instead of wines becos my passion is with cigars.

 

problem is i end up keeping them for self consumption instead, ho.

 

can share your investment strategy i am interested too

 

I have previously been smoking cigar but it feels painful

 

because it is likely burning a roll of dollar bills

 

 

highly appreciative if you can enlightened us and be our mentor

 

thanks

[Nkps]

i m sure u can retire comfortably in thailand with SGD 1 MILLION.

[Nkps]

u sure or not? with 10K capital u wanna open up a ZOUK too?

[Nkps]

ha ha not con not con...

[Throttle2]

Hi Meecar

For $10k , i got no investment strategy cept for the ones i already mentioned.

 

Mentor is too serious a word to use.

Sharing of experience and ideas is what we all do here.

You share some, i share some, we learn together.

 

My few personal simple guidelines:-

 

1. Set aside 30% of income as savings, after a while you can use 50% of these to invest.

2. Borrow no more than 30% for your car, otherwise dont buy one becos you cant afford it.

3. Buy a property that you can afford as soon as you can. The advantage of youth is on your side.

4. Dont be obsessed about striking lottery. It basically doesnt happen.

5. Dont bite more than you can chew - period.

6. Dont chase markets, stick to your plans.

[Nikolaiski69]

Just giving my advice here,as far as fixed deposits go, you get a bank percentage amounting to under 3%p.a, in a yearly inflation of 3%, you already lose at the end of the year.....For unit trusts, you get a space in a basket of bluechips that each are affected by an incredible amount of variables(just look and the stocks now),sad isnt it.....not to mention, the people managing your account have no vested interest in you personally and do you think they will make your account their priority?

 

so whats the answer? physical assets!!!

 

Land, will cost too much to start in..Long term....not for everyone,fixed market audience

 

If you want to earn 8% to 14% p.a..own the assests, have the lowest investment risks and find out what the private banking big guns are doing for their high net worth clients,that even the average investor can now get involved in,message me.....and i will give you the information to research yourself.cheers!

 

You sound like one of those from UAG..lol

[Hoppie24]

Heh Bro,

 

I always find that you are a very sud guy. Sounds very experience too. Care to share what do you do for a living? I am not good at shares, lost tons of money in the recent bear market sianz.

 

I monitor and does my own analysis on stock counters.

 

Earlier part of 2007 was a super bull for all my counters. On average, I made about 40% return per month out of oil, property and construction related counters. Some times in a day I make around $2k.

 

Forget and about doing your own business. Those who suggested that have zero experience in entrepreneurship and simply a hearsay.

 

I failed in 3 business startups, with startup capital ranging from $40k to $3,000,000.

 

For any business, if you are lucky, the first 3 years is confirmed negative. After the 6th or 7th year then you should break even provided you don't run into cash flow problems within the first 3 years. After 10 years then you can talk about decent returns, of which 90% of startup failed to attain that level.

 

And even if you have successfully reached 10 years in operation, there will always be constant competitions arising from both smaller niche player as well as financially backed players.

 

In addition to all the risks, at the back of your mind will be all your commitment telling you to quit. Your car needs financing, your HDB loan, your renovation loan, your child program, you need to give parent money, washing machine spoilt liao but last 3 months you failed to make any sales and rental is up, your credit card and overdraft is max out, your car is also due to a major servicing, your chief sales/technical guy wanted a significant pay rise or he will leave, and to make things worst, you need to top up your medisave

 

Think again...