Open Brainstorms
what constructive things would you do with $80 000 cash to keep it coming?
Please take a look at the more in depth description at 80kcash.blogspot.com since I have run out of space here. Admin, please do not delete this post, its a genuine link to my personal blog addressing this post. Stevan (stevanmarcetic.co.nr)
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Brainstorm Info
| Creator: | pongopingo |
|---|---|
| Created: | about 1 year ago |
| Activity: | about 1 year ago |
| Users: | 4 |
| Ideas: | 7 |
Top Brainstormers
| Username | Ideas |
|---|---|
| anandvc | 4 |
| hannibal | 1 |
| ClevelandBill | 1 |
| pongopingo | 1 |
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7.
Thanks everybody
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6.
I'd invest it; 80k is too little to risk on most business ventures - especially if it is a major portion of your net worth. The suggestions here are fine if it is 10% or less of your net worth - otherwise, keep working and let it grow undisturbed in a mutual fund
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5.
Read the Motley Fool's Investment Guide. Understand it. Then, and only then, decide what to do with your money. (in the meanwhile, that money should be in a BANK account).
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4.
Invite some investment planners to this brainstorm.
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3.
Buy a business that you understand and have an interest in. For example, you could buy a bakery if you liked it and check the financials if it makes sense and would return what you want per month.
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2.
What if you invested the $80k in a mutual fund in India. Average growth in Indian mutual finds was 53% because of the growing economy. Even after tax that will give you more than $2k per month to live on.
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1.
Invest maybe $10k out of that into a startup that you think will become profitable in a few months and give you dividends each month.