How make $$$ work for u??

[Sunlight]

If i set aside $100 per month to invest in something. What would be a good way of making this $100 become $120 in the next month? Forex? penny stock?

Do note that i will not have time to monitor frequently.

 

Toto/4D, football dont count as investment

[Corny02]

Ah Long.....

 

[Albeniz]

If i set aside $100 per month to invest in something. What would be a good way of making this $100 become $120 in the next month? Forex? penny stock?

Do note that i will not have time to monitor frequently.

 

Toto/4D, football dont count as investment

 

$100 per month may not be enough for Forex. A few ks are easily needed to set aside for margins.

 

[Zyrofillica]

20% returns a month? one year 891% returns on investment? buy toto la.

[Csnewbie]

You could buy 100 bricks at $1 each.

 

Then sell them at $1.20 each.

[Csnewbie]

20% returns a month? one year 891% returns on investment? buy toto la.

 

 

Mum! I will be Rich!

[Billyone]

i dont blame you for starting this thread

when you attend financial seminars and even the guy from housingloan.sg keeps telling people that 5-7% return per year is standard

they are taking c o c k

they themselves cannot achieve this consistently

hence we ourselves built up expectation when we look into our own needs for good returns

however they forget to tell you there is high risk involve that may result you loosing your pants too

 

[Billyone]

be a fund manager

there is usually an upfront 2% for the small investor to pay when buying a fund

in addition, the fund manager takes away 20% if there is profit made that is after excluding all the soft and hard dollars they already earn

 

[Razgriz]

but not to this extend i believe ST is jus trying to give example.. but personnally curious to know too how to make money grow

 

i heard things like shares, and forex ar~ unit trust etc.. but where to start? any pros around to give insight view?

[Genie47]

You start small. You start by saving your money first.

 

Then you start to look into investment costs.

 

Every time you invests, it will cost you money so you watch those cost.

 

When you start watching costs, you will know that unit trusts or mutual funds as they are also called are damn expensive. Billyone already said being a fund manager can earn loads money. So you deny the fund manager this.

 

Then you start looking into stocks and shares. This comes with risk.

 

Since you are into making money grow, then you start looking into fundamentals.

 

So you start putting money into "safe" companies. The "safe" is put there because like LT Nate Fick says in Generation Kill and his book One Bullet Away, "Safety is relative."

 

Bonds? Move on. You can't afford it in SG unless you put money into bond funds. Bond funds? Aren't they managed by fund managers? Yes. See above what you should do.

 

After all this is said, investing your money doesn't make anyone rich. Working hard and keeping your life costs low which includes your investment costs is what you should aim for.

 

If you are frugal, get by with little, you should have enough later.

[Sunlight]

the replies in 1 hour shows that there is no way to grow $$$with $100 unless be ah long

[Maldini03]

Many are skeptical on investing, as some mention, that fund managers make a lot of money and we should deprive them by not investing imo is not the correct way to go.

 

How about taking a sime dollar cost averaging plan. Rather effective if yr objective is the long term plan.

 

[LoverofCar]

If i set aside $100 per month to invest in something. What would be a good way of making this $100 become $120 in the next month? Forex? penny stock?

Do note that i will not have time to monitor frequently.

 

Toto/4D, football dont count as investment

 

 

$100?...use it to buy more good food for your children...they are your best investment in life...

[Genie47]

Many are skeptical on investing, as some mention, that fund managers make a lot of money and we should deprive them by not investing imo is not the correct way to go.

 

How about taking a sime dollar cost averaging plan. Rather effective if yr objective is the long term plan.

 

There are other lower costs to unit trusts. If funds are desired, ETFs should be the way. If you are not interested in managing your own money, then I believe you should not have any problems sending the fund manager's kids to Havard too.

 

As for bond funds thanks to bonds being very over anyone's means in SG, I think preference shares can be used but these come about once in awhile. So a cost conscious investor should dive into bond funds with the lowest expenses.

[Genie47]

$100?...use it to buy more good food for your children...they are your best investment in life...

 

Children are not the best investment vehicles. They have the greatest risk and they will abandon you if you use them as your personal pension fund in the future.

[Sunlight]

There are other lower costs to unit trusts. If funds are desired, ETFs should be the way. If you are not interested in managing your own money, then I believe you should not have any problems sending the fund manager's kids to Havard too.

 

As for bond funds thanks to bonds being very over anyone's means in SG, I think preference shares can be used but these come about once in awhile. So a cost conscious investor should dive into bond funds with the lowest expenses.

actually i dont mind the fund managers making $$$ out of me. Provided he can make $$$, 20% per month

[Jman888]

If i set aside $100 per month to invest in something. What would be a good way of making this $100 become $120 in the next month? Forex? penny stock?

Do note that i will not have time to monitor frequently.

 

Toto/4D, football dont count as investment

 

open an accounts with a bank and with less than $500 at the end of the month, they already charge you $2/- per month

 

you want a higher return investment, then it is like a full time job, no time to monitor better put in the bank, cos even if buying Toto but no time to check, 1st prize also forget to claim

 

[Genie47]

Dream.

 

To make 20% on your investment, they have to make even more to pay themselves. So all that pay to them will cost you. On another note it is very difficult to beat the market consistently. In fact, it will be cheaper if Ah Meng picks the stocks for you. (Bless her in orang utan heaven).

 

Imagine one year happy happy 20%, the next year -15% and so forth. They still take the same cut. Does that sound good to you?

 

As I have said, investing will not make you rich. If you are looking to get rich, I suggest you go be an entrepreneur and work hard at it. If you succeed, you will get rich.