I invested a large sum of money
By janice
@renicemae (4883)
Philippines
July 8, 2021 8:18pm CST
Oh yeah. I took a loan and invested it to start a business with my colleague. Why did I did that?
I was thinking that I earn almost that much in a year and didnt got any returns. Instead, that much was spend on every needs and wants with no savings so I thought, it's better to risk that much money in a business coz I'll be expecting returns in due time.
Now, a year and a half past and I haven't got a single penny from our business due to pandemic. Our business is still surviving but expecting returns for now is far from reality. But I do hope before this year ends, I'll be getting something
11 people like this
13 responses
@renicemae (4883)
• Philippines
14 Jul 21
@id_peace your perspective was like mine in the past but i guess people do change 
1 person likes this
@renicemae (4883)
• Philippines
13 Jul 21
I dont have that much savings to start a business out of my own pocket thats why i took a loan. The interest is just minimal so i grab it.
1 person likes this
@renicemae (4883)
• Philippines
13 Jul 21
Yeah. But i hope to achieve success even before things get normal 
1 person likes this
@allen0187 (58438)
• Philippines
9 Jul 21
Curious as to hat business you have, care to share?
Hope you start earning.
1 person likes this
@renicemae (4883)
• Philippines
9 Jul 21
It's a frozen goods business. Still up and running despite the pandemic but with no ROI yet
Still up and running despite the pandemic but with no ROI yet 1 person likes this
@renicemae (4883)
• Philippines
9 Jul 21
@allen0187 thanks. Have you done something risky lately?
1 person likes this
@rakski (112925)
• Philippines
9 Jul 21
@renicemae oh okay. I hope for your success soon!
1 person likes this
@Dyvette16 (4301)
• United States
9 Jul 21
What kind of business was it ?
You have to be able to put your products in front of the right eyes
“You can’t sell iPhone cases to android users”
1 person likes this
@renicemae (4883)
• Philippines
9 Jul 21
Yes. True. We have customers already. The problem mostly is the supply of goods due to pandemic.
@Dyvette16 (4301)
• United States
9 Jul 21
@renicemae I hope your supply goes up
1 person likes this
@porwest (78761)
• United States
9 Jul 21
If the business plan and management of the business is strong, you should eventually see returns. But it is also true that most new business ventures fail within the first 5 years. That has to be a risk you are willing to take when you invest.
That being said, I would never take out a loan to make an investment.
1 person likes this
@renicemae (4883)
• Philippines
13 Jul 21
i thought im a moderate risk taker but i just realized that im not 
1 person likes this
@renicemae (4883)
• Philippines
15 Jul 21
@porwest yeah. Thanks. Ibwill pour my frustrations here if my business got bankrupt though i hope not.
though i hope not.1 person likes this
@porwest (78761)
• United States
14 Jul 21
@renicemae I have invested without using some of my own money in the past, but never via a loan, but rather with other investors as a partnership.
Either way, I hope this works out well for you in any event, and do keep us posted.
1 person likes this
@rsa101 (37932)
• Philippines
9 Jul 21
I guess that is the risk that you were not expecting to happen "The Pandemic". I think you just entered at the wrong time of the year that made your projections go wrong. But I am glad it is still doing business despite the hardships that we are having right now. I think that it is worth the wait and the effort for as long as the money is still pouring in and you can still pay your debts as well then I say that is still good.
@rsa101 (37932)
• Philippines
9 Jul 21
@renicemae I think you will need a lot of patience and resilience to survive financially and wait for the ROI at a later time. I think those businesses that can surpass a crisis are the ones that will be able to prosper after that. If you can reach that point then you can pat yourself for being a survivor.
1 person likes this
@renicemae (4883)
• Philippines
13 Jul 21
@rsa101 i agree with you. I need to increase my patience and understanding
@renicemae (4883)
• Philippines
9 Jul 21
Yeah. Its due to the pandemic. We dont have steady supply of goods due to restrictions.
1 person likes this
@renicemae (4883)
• Philippines
13 Jul 21
Yeah true. And people are lossing their jobs too.
1 person likes this
@kaylachan (57376)
• Daytona Beach, Florida
9 Jul 21
I wish you the best of luck.
1 person likes this
@charlie580111 (42)
• China
21 Jul 21
whaterver kind of invest is risky ,if you want to start your business ,the first thing it to think about how about next step if fails ,and how much could afford this loss .
@prashu228 (37526)
• India
9 Jul 21
Hope you get profits..by the year end..
All the best
1 person likes this
@LindaOHio (155562)
• United States
9 Jul 21
I hope you will start to make money with your venture.
1 person likes this
@renicemae (4883)
• Philippines
13 Jul 21
I hope so too before this year ends. That would be awesome.
1 person likes this
