Investing your hard earned money

[Stardom22]

So according to you do you prefer investing your money in a business of your choice or just put it in a Bank account and wait for the small interest at the end of the year.

 

[cherry123]

I don't fancy just storing my money in the bank where they use it and give it to others I prefer to invest my money.

 

[Sanjeev]

I would like to invest my money so that I may get a high interest in it. But I don't see such a thing in the market as I don't want to risk my money. Do you invest your money?

 

[Starmix]

I won't invest my money without making a feasibility study first especially the location, facilities, manpower, transportation, and foremost the necessary capital to start the business I want.

 

[Sanjeev]

I won't invest my money without making a feasibility study first especially the location, facilities, manpower, transportation, and foremost the necessary capital to start the business I want.

Have you ever thought of starting a business? I never thought of it maybe I lack knowledge and I am scared that I may not lose my money. I don't like taking risks.

 

[Starmix]

@Sanjee , I had a business 5 years ago, an Internet Café but I shut it down due to a lack of users. At that time, smartphones, and android phones came into existence, and the more, almost all households installed internet.

 

[Sanjeev]

@Sanjee , I had a business 5 years ago, an Internet Café but I shut it down due to a lack of users. At that time, smartphones, and android phones came into existence, and the more, almost all households installed internet.

Yes with the introduction of smartphones all internet cafe shut their shops but before that they were getting lots of profits. I remember they used to charge lots of money to use internet.

 

[Starmix]

That is why I landed on a new business, milk tea. I franchised from a neighbor and it is my sister who runs it. We'll have a 50/50 sharing of profit every month after the expenses will be deducted, net sharing.

 

[Hate2Wait]

I am still not comfortable in investing my money and the problem is I am not aware of how it works and for that, I am planning to learn from my friends who are already doing well in stock and will see if someday I may start with forex trading but it's so risky so we need to first learn it properly and it's better to invest only when we are ready and that too with small amount

 

[Starmix]

Trading is the investment of the 21st century. It's also a good investment. It's not all the time losing there are many instances of winning.

 

[Hate2Wait]

I am a little scared of my trading or investment experience because previously whenever I have tried it I was unable to do much and experienced loses and would like to do better

 

[Starmix]

Better don't trade again if you always experience loses. Your money is hard earned.

 

[flower]

It is better to invest your money in a very cool business and make respectable amount of money.

 

[LoukiaCharilaou]

I can do both. I can save some money in the bank for any future needs that may arise and invest the rest.

 

[cherry123]

it is always good to do both. you save your money and also invest in your business or project.

 

[SHAHID987]

Money which we earn by hard work we all try to use or invest it with extra planing, we must remain too much cautious while thinking to invest it.

 

[Shavkat]

Until now, I am still thinking what a good business for my hard earned money. We need to take time for this matter.

 

[cherry123]

That's why business planning is very important you would have a better grasp of the business with a good business plan.

 

[flower]

It is very crucial to invest money so that you can make more money . That is exactly how things should be done to make money.

 

[Sanjeev]

I am a little scared of my trading or investment experience because previously whenever I have tried it I was unable to do much and experienced loses and would like to do better

You should analyse where to invest first before investing your hard-earned money. I know how painful it is to lose your money. I have been trying my hands on share trading these days and have made profit of 700 Rs so far by selling share of data motors yesterday. I have invested 1 lac Rs so far in shares