if i have $500...how to make it grow?
-
as above..if i have $100, can i make it grow? if i have $300, what can i do with it (besides giving it to u)? and if i have $500, what can i invest in?
-
4d, toto
-
$500 oni ah
just keep it somewhere safe in case rainy day lah -
Water it everyday
-
500... very little leh...
notch i want to say negative... but mabbe u shld heed the FI's advice...
-
Originally posted by Jfund:
as above..if i have $100, can i make it grow? if i have $300, what can i do with it (besides giving it to u)? and if i have $500, what can i invest in?
Hi Jfund,Whether or not you should make your money grow through investments depends on:
- Your balance sheet. Whether you have already set aside emergency funds. How much liabilities you have. How much liquid assets you have.
- Your risk profile. How much risk you are willing to take. What is your investment time horizon.
Of course, if your financial situation allows, you can still look at investing in unit trust funds because prices are very low right now.
-
use your 500 to buy insurance
-
if you only have $500, better don't invest.
i think you can't even in the singapore context. unit trust calls for at least $1k in general...
i would blow it on betting on epl.
-
i spent $500 just sianing charbohs last w'end, and sianing charbohs is just sianing .. not include cost after sianing like checkout fees, breakfast.
there's one thing you can do that's one-up over a fixed deposit. Save up abit more until you secure 2k, and assuming you have a steady stream of income, continuously buy into a fund/bond after initial rights. Of course there is a risk involved. Go speak to your local banker to obtain more information/prospectuses - note: we know a downturn is coming but we're not sure when it'll hit, so might be wise to wait till then and see how things go. alot of these are managed by ibanks and as we've seen, some have gone belly-up (as far as i'm concerned, bailouts/conversation into deposit taking institution is the same as a public declaration of insolvency).
EDIT: redDust beat me to it haha
of course, you can do "chinatown investments", which comprises the "chinatown forex" and "chinatown gold bullion market". as you probably know, alot of these uncles/aunties with a bit of spare cash buy foreign exch./gold in hopes of subsequent appreciation - imo, gain is minimal unless you're talking at least 10k (which if you did, you should have a proper forex trading account) and not worth your bus fare.
i've yet to see "chinatown oil market", which i think would involve uncle/aunties buying petrol when prices are low, and then reselling on a good day - but that of course is illegal.
-
Originally posted by Sgwealthmanager:
Hi Jfund,Whether or not you should make your money grow through investments depends on:
- Your balance sheet. Whether you have already set aside emergency funds. How much liabilities you have. How much liquid assets you have.
- Your risk profile. How much risk you are willing to take. What is your investment time horizon.
Of course, if your financial situation allows, you can still look at investing in unit trust funds because prices are very low right now.
ATM for you these considerations are immaterial. I think you shd be more concerned about your bank charges if this is your current account balance.
-
Originally posted by Agenda:
Water it everyday
fucking funny hahahahahahaha -
TS has to learn how to save before he can even think about investing.. accumulating wealth in a bigger amount.
-
if $500 is a "can lose" money, DON'T invest or think of making it grow, 'cos it most likely won't grow.
if it is a "cannot lose" money, perhaps your chances of growing it is much bigger.
It's more psychology in wealth accumulation.
-
MLM!
-
Originally posted by Agenda:
Water it everyday
Must find the suitable type of soil and also must find the right size pot. Also must remember to put in sunny place. Don't forget to add fertilisers.
-
Originally posted by crimsontactics:
Must find the suitable type of soil and also must find the right size pot. Also must remember to put in sunny place. Don't forget to add fertilisers.
i agree... maybe 20 yrs later can grow into a tree and you be rich when it bears money....
-
dig it into the soil and den water it everyday.
comfirm grow become money plant
-
Yeah then every year gt season can bear fruit, money notes will pop out, depends on which notes you use. Better than vineyard lor.
-
Feed it with more food.
-
water it everyday and remember to give it lots of sun...
-
save for the opening of the casino and buy " BIG". hope the dice turn out 4,5,6BIG!!
-
sure you can! with just $500 you can buy/rent an ice-cream cart + materials and sell ice-cream with it, make 5-10k out of it then move on to bigger things.
-
give to me
-
invest in wine.. store it for 50 years then sell
-
put in bank,
interest 0.25% x 1000 years = 250%
250%x500 = a lot of money'