How to make your money GROW?
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Like what some of the people here have said as well- there are other forms of investment as well.
Unit trusts - i personally prefer them because i think they can give a better return that what my savings account can give me. Some of the GEMs (Global Emerging Markets) can give very good returns. I personally know of one that gave about 400% since inception. However GEM funds can be very volatile and if you think you are not able to stomach seeing your $1 become $2 in one day and $0.50 the next, I would recommend more stable funds like Aberdeen's Pacific Equity, or First State Dividend Advantage. These funds have averaged about 7% to 12% annually without giving too many heart attacks.
Structured Deposits - This is a unique type of deposit where your principal sum is protected, (ONLY IF YOU HOLD IT TO MATURITY). It usually looks at a couple of counters (usually stocks) and has conditions. (e.g. the stocks cannot go out of a certain range, + or - 10% for instance). If the counters fufill the conditions you will be paid interest on your principal amount. Potentially this interest could hit 4% or 5% per annum.
Insurance plans - Alot of people view insurance plans with alot of disdain, thinking that are a whole load of hot air. However insurance plans usually have the most flexibility in the form of investment linked policies, as well as lump sum investments, usually 20k and above. Investment linked policies (ILPs) do not guarantee returns, but i think it works pretty well as a forced saving option. Lump sum investment typically offer a 2% to 3% non guaranteed return per year. While not guaranteed, the company's reputation is at stake here and they will do their best to honour their projected return.
I hope that this has been a little more informative ! Oh !! another thing. always remember that all investments offered by financial institutions have charges .. AND THEY CAN BE VERY HEFTY !!! so always ask about the charges first... !!!!
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Originally posted by fairlady_xoxo:
Make your money work for you =) read up on rich dad poor dad =)
read till i fall asleep..
sames goes for the millionaire mindset..
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Money plant.
Lots and lots of money plant.
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look for the feng shui spot in your home?
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i invest in wine....returns are quite good...
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Originally posted by monkeybusiness:
i invest in wine....returns are quite good...
not if you drink them -
Originally posted by 淋雨:
look for the feng shui spot in your home?
Be wary if someone tells you it's the toilet.Yes.
Be wary.
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Originally posted by charlize:
Be wary if someone tells you it's the toilet.Yes.
Be wary.
yesh....relocate the toilet and install a piggybank in it's place
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Originally posted by browniebaobao:
read till i fall asleep..
sames goes for the millionaire mindset..
Hehe...at least its easier to read than peter lynch...which is more boring and technical =) if you want a story-bookish kind..the richest man in babylon would be the same =)
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Originally posted by 淋雨:
not if you drink themmy drinkable wine and investable wines are 2 different portfolios
i can't imagine drinking a bottle of wine that cost me $1500
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Originally posted by monkeybusiness:
my drinkable wine and investable wines are 2 different portfolios
i can't imagine drinking a bottle of wine that cost me $1500
not if you make $800K annually -
Originally posted by 淋雨:
not if you make $800K annually IF in the future i can make $800k annually, i am sure the price and value of the wine would have increased too (assuming same label)
so, there's no difference
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good bargains at POEMS, just found out that their unit trust sales charge is only 1%.
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Correct me if im wrong.
8% returns for 3 months= 36% returns per yr (by reinvesting the 8% returns you have compounded for the yr)
Calculation using $100 initial capital:
1st 3 months: $100 x 108%= $108
2nd 3 months: $108 x 108%= $116.64
3rd 3 months: $116.64 x 108%= $125.97
4th 3 months: $125.97 x 108%= $136.04
For the year your profit is $36 with initial capital of $100. Very good returns!
Indian banks 11% i.r for 3 yrs would only give you 3.6% per yr. That is lousy.
I dont really know the banking system well, pls enlighten me about the first part 8% returns on AUD FIXED D 3 mth lock-in period.
oopps.....my bad. I was trying to make a comparision with 8% per YEAR. you are right in this regard, 8% for 3 months will fetch a higher return than 11% for a year.
btw, the AUD fixed deposit was suggested by someone else, i am not sure about it.
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Well, you can compound your money by putting it in a fixed deposit or low cost funds. Alternatively buy a blue chip counter or ETF. Or buy property for capital appreciation or rental dividend yield. There are many ways. Come visit my website if you want to know more ideas! www.raymond-tan.com
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Since you want low risk then this may be what you are looking for. A little seed taken seriously will grow huge.
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Time is the greatest friend for compounding of money. Another way is to buy foreign currency such as the aussie and/or kiwi dollar and put then into fixed deposts. Can be around 8.5% interest per annum, compared to the poor Sing deposit rates of less than 1%
Having said that, currencies do fluctuate... so do factor this risk in as well.
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Originally posted by browniebaobao:
As above.
Pls share your tips in making your money grow, besides saving money.
Investment may not be wise, looking at the market now.
Fixed Deposits interests are not attractive.. insurance/endowment plans are mostly investment-linked..currency exchange? the rates fluctuates everyday.
Dun tell me gamble.. might end up with nothing only.
Is there any other way that will yield great return and low risk involved?
It all depends if you're talking about long term or short term investment. As the stockmarkets are nearly hitting their rock bottom, it's infact the best opportunity for new investors to get in as the prices are at its lowest. The market will recover again as it usually does. That's the nature of the cycle. It will give you a good return in long run if you're doing long-term investment.
For long-term investment, go for the low-risk (blue chip ones) and for short term investment, people usually go for the high risk ones as the return is greater in short period.
Property investment is not bad but it is considered a long term investment as the returns are slow but steady.
Whatever investments you are going to go into, it's always good to diversify your funds and not to put all the eggs in one basket.
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*Puts a kitten in front of browniebaobao with a sign on its tail "Invest in me!".
So far, browniebaobao havn't got any reply for short-term liquidity investments.
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All investments will come with an element of risk. The trick is to discern which ones offer the best chance of growth and sustainability while minimising the downside risks
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US stocks fell sharply on Thursday, plagued by profit jitters. At one point, the Dow slid about 360 points to a 21-month low as oil hit a record and Wall Street powerhouse Goldman Sachs urged investors to sell bank and automaker shares on escalating concern about the outlook for profits.
Oil surged above US$140 a barrel in New York trading, amid fears that soaring inflation will hamper a global economy already on the ropes.
Investors found little to lift their spirits from the barrage of harsh news, and the three major US stock indexes fell 3 per cent. All 30 stocks in the Dow ended in the red.
That’s the stock market for you, ups and downs. You must be able to stomach such vacillations, or will you end up bruised and battered from the game.
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Buy when there is fear and blood in the streets.
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Originally posted by Passive Income1:
Buy when there is fear and blood in the streets.
What nonsense, the market would have stopped trading by then. -
No it is not nonsense. It means BUY when everybody is bruised and bleeding badly and very afraid to enter the stock market. Buy when the confidence in the stock market is at its lowest.
Of course we can never time the market, but a good indicator is when there is fear and panic all around, with media reports highlighting how bad the economy is, panicking recession and inflation fears, fear of high oil prices etc. We are seeing all this now. Give it a couple more weeks or months to go and I dare say we have reached capitulation stage.
Come visit my website to read more.
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dig 1 hole on the ground, throw $50 dollar note X 100... buried it.. tell me location i help u water.. 10 years later u check got grow anot