Where should I invest my money?
16 Dec 06
of course not. I have seen many internet cafes who only have 5 seats. It really depends on you how you handle such kind of business. Start with 5 seats then if you were able to save from the profit buy another one until you reach the maximum seats you want.
20 Dec 06
I know of a 5-year bank time deposit that offers a guaranteed interest rate of 20% per annum, tax-free. Interest payouts are monthly; i.e., your interest earnings are auto-transferred to your primary savings account every month. Because of this, you retain your liquidity...unlike in most programs where you have to lock in your funds (both principal and interest) for the entire maturity period. This product is available in 14 local banks.
• United States
19 Dec 06
But before you take his advice, or anyone else's, you need to give yourself a basic foundation and understanding of how money works. As you can tell from Yahoo! Answers, if you ask the question of where to invest, everyone will give you a different answer? How will you know who's advice is best? So get smart about your money. No broker or financial adviser is ever going to care as much about your money as you will. Sure, they'd like you to make a lot of money because that means you'll come back to them. But if they have to make a choice, they'll usually choose to put money in their pockets over yours. That's how commissions work. Anyway, I'd recommend "The Only Investment Guide You'll Ever Need" by Andrew Tobias. It's the book I give to high school graduates, college graduates, and newlyweds. There must be something good about it, because time and time again, people come back to me (sometimes years later) and thank me for giving them that book. It will give a basic understanding of how investments work; then you can decide for yourself if it will serve you for the rest of your life or if you need to further your education.
19 Dec 06
I am a forex trader, so naturally, I would say that. :) I believe that with the power of compounding and better leverage on the forex market, your capital will grow exponentially. Just calculate for US$2K, and a 12% monthly increase, just check where you will be after 5 years. I coach people to get started on forex trading and my results can be found at www.forex4aliving.blogspot.com