Goal: To make 4-5% returns within 6 months with $5000
By ahgong
@ahgong (10064)
Singapore
March 6, 2008 7:14am CST
Is it possible to work out something to reach such a goal?
I am not referring to HYIPs or PTC or PTS.
I am thinking of doing something bigger than just using online programs that only pay a pittance to make money. It is like taking forever to earn a buck on these programs. At least with mylot, I can see some dollars every month.
But I am looking at something bigger. Much bigger than just earning cents.
Looking at a short term goal of gaining at least 4% returns, with a seed money of $5000, what would you do to ensure that you do not lose your capital, yet be able to make that 4-5% return within the time frame of 6 months?
Any gurus to share advise?
1 person likes this
2 responses
@kush86 (108)
• United States
6 Mar 08
I could easily get 125% or more using that in real estate even with the market the way it is here(USA) Since I have learned from the best. Anybody in Australia and New Zealand should know what im talking about since they was the first ones to learn from N.R. started back in 2002, Then USA in 2005, I just got started in Jan. and learned enough to handle different type of real estate deals. Your aim for 4-5% in 6 months is too low. You so you thinking big then make your % of return bigger. Good luck with your goal and next time, think it through and go BIG.
1 person likes this
@ahgong (10064)
• Singapore
7 Mar 08
Hmm... I am looking at short terms returns.
And the seed money gotta be $5000.
I think it is too little to be leveraging $5000 on property to get the returns.
Reading your post, it seems you have found some programs or plan that could give you good returns of 10%.
Care to share with me how you do it?
If you were to grow your $5000, how would you do it?
@kush86 (108)
• United States
7 Mar 08
I learned a lot of about real estate investing, business, and taxes. With $5,000 and get well over 5% is easy. 5% of $5k is only $250. That type of return makes me want to cry. First off I would do a wholesale which I don't need any money down and its the fastest deal you can do. It takes from 3 days to 30 days. All depends if you got systems in place. I would use the $5k for the following; earnest money; inspection; gas money(lol); The minimum ill make on a wholesale deal is $10k plus ill get my earnest money back. Without counting the earnest money. I made back my $5k plus another $5k. Think how many of those deals I can do in 6 months.
Like I said before, If you going to think big. Really think BIG!
1 person likes this
@lordwarwizard (35747)
• Singapore
6 Mar 08
That's easy enough.
Just go and put your money in foreign fixed deposit.
Right now, the New Zealand kiwi is at 8.25% pa. The Aussi is at 7.25% pa and the British pound is at 5.25% pa.
You can get maybe 1-2% less than those rates at Singapore banks. The alternative would be to open a bank account at a bank branch based in the country itself. Then, you will get the full interest rate. But the down side is some have withholding tax you need to pay (the bank just deducted the tax amount from your monthly interest). So it sort of even out.
Since it is quite troublesome taking the second route unless you happen to be in the country or want to take a convoluted route in Singapore, you can just stick with the FD.
The down side is that if you need to get back your 5k capital at the end of 6 months, it is anyone's guess what the exchange rate is going to be then. You may either make a killing on top of the fat interest or lose out on the exchange (that is suck thumb time).
However if you don't need the money and just want to party on interest forever, any of the 3 I mentioned is enough to put the interest rate here to shame.
