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If you had $100k in the bank, what would you do?
If someone would give you a bit of cash to get you going, what would you do with it? Where would you invest?
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Natalya Osyko
If I had 100 k $, I would invest half of it, another 30% in buying a house abroad, and keep a little bit for traveling. I've been wanting to visit Britain, especially Scotland, for a long time.
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Hard question, but for me I would probably:
1. $50k + credit leverage = real estate
2. $30k = in me, to keep building cool stuff
3. $20k = stock / gold / silver
If I had $100k in the bank, I would definitely consider diversifying my investments. One area that I find really intriguing is real estate crowdfunding platforms. They allow you to invest in real estate projects with smaller amounts of money and potentially earn passive income.
@konok_nazmul ok, so you wouldn't actually use it to build something, but just invest all of it?
@franksondors well I have already invested a big chunk on my 2 businesses. So, I thought it would be strategic decision to diversify my asset portfolio.
Than again I don’t have $100k in my bank right now. Owning it might change my decision. Lol 😀
@konok_nazmul I think 100k is not the right amount of money to start investments. Way better is to use that money to build a profitable business, earn some money and start investing when you'll have at least 1, 1.5m.
First, Sleep a full 8hours. Then look into developing a diversified portfolio
First of all I would speed up the development of my product in order to launch it ASAP.
Real estate can be a good long-term investment. I might explore opportunities to invest in real estate through purchasing physical properties.
100% of it would go into my current startup. Make or break:(
We're launching a venture capital game today so would appreciate the support
In the absence of actual $100k 😀
Invested in good projects that can help people, or invested in advertising so that all people could appreciate the product.
40 to 50k - I would hire an app development company to build my project
30 to 40k - maintenance and marketing
20k - fees of life = time to engage
If I had some extra cash to kickstart a venture, I'd consider investing it in a side hustle or a small online business. Perhaps explore e-commerce or a niche service that aligns with my interests and skills. Diversifying Nedbank investments across stocks or cryptocurrency could also be a smart move for potential long-term growth. Ultimately, I'd aim to make thoughtful and calculated choices to maximize the potential return on that initial investment.
Investing money depends on various factors, including your financial goals, risk tolerance, and time horizon. Before making any investment decisions, it's crucial to consider your personal financial situation and possibly consult with a financial advisor.
Remember, all investments come with some level of risk, and it's essential to be well-informed before making decisions. Diversification and a long-term perspective are often key principles in successful investing. It's also wise to regularly review your financial plan, embedded payments, and adjust it as needed based on changes in your life or the economic environment.
I'd consider investing the cash in starting a small restaurant business like https://openingtoclosehours.com/, combining my passion for food with a potential avenue for growth. Additionally, I might explore opportunities in the pharmacy sector, considering the essential nature of healthcare and the potential for a stable and impactful investment.
It's an interesting question. But for people who don't know how to manage their money, the best place to turn is to turn to the experts at rbc phone number . They have convenient tools for managing an investment portfolio and great advice from experts. I like that you can invest in different assets directly through the app - quickly and without unnecessary fuss. Plus, a personal consultant is always available to help you choose the best options.