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  • 1 year later...

No Im not doing anything but payingattention and some research. Its all luck same time I start looking into gold its jumped 159 an oz. Ive never had money to invest as I have kids and any spare money always gets sucked up by them. This is all purely for conversation and Im not trying to brag or gloat but this has made a substantial amount of money in a very short time.

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No Im not doing anything but payingattention and some research. Its all luck same time I start looking into gold its jumped 159 an oz. Ive never had money to invest as I have kids and any spare money always gets sucked up by them. This is all purely for conversation and Im not trying to brag or gloat but this has made a substantial amount of money in a very short time.

Are you buying GLD or bullion? GLD went up 23% YTD.

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  • 1 month later...

Im planning to start next year

 

this year

i already lost 1.3m in my business dealings

i know its even more. and could reach 2.5m

 

next year I will start a year with a bang

 

Planning to earn 10k a day

so thats 28 days in a month

280k

 

so 280k profit will be split up to

1) credit card loans

2) bank loans

3) credit card bills

4) etc

 

hopefully it will suffice . plus my 50k incentive pay everymonth

 

hopefully next year I will hit my target .

1m profit in 3.5 months to 4 months

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Im planning to start next year

 

this year

i already lost 1.3m in my business dealings

i know its even more. and could reach 2.5m

 

next year I will start a year with a bang

 

Planning to earn 10k a day

so thats 28 days in a month

280k

 

so 280k profit will be split up to

1) credit card loans

2) bank loans

3) credit card bills

4) etc

 

hopefully it will suffice . plus my 50k incentive pay everymonth

 

hopefully next year I will hit my target .

1m profit in 3.5 months to 4 months

Kelangan magpartner kayo ni sirhenrichu. MTC High rollers! :)

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  • 2 weeks later...

Im planning to start next year

 

this year

i already lost 1.3m in my business dealings

i know its even more. and could reach 2.5m

 

next year I will start a year with a bang

 

Planning to earn 10k a day

so thats 28 days in a month

280k

 

so 280k profit will be split up to

1) credit card loans

2) bank loans

3) credit card bills

4) etc

 

hopefully it will suffice . plus my 50k incentive pay everymonth

 

hopefully next year I will hit my target .

1m profit in 3.5 months to 4 months

Kaya to good luck

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  • 1 month later...

Hello guys,

 

Can I ask where are you most likely to put up your 100k savings?

 

Am already near my 30s and haven't started building my passive income yet. Reality slapped me last year when I had COVID and didn't have enough savings to cover medication if situation got worse but good thing I was able to recover after a month.

 

Any suggestions would greatly help.

 

Notes: I was able to reduce my expenses for about 30% last Q4. And already learning about stock market but haven't invested yet.

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Hello guys,

 

Can I ask where are you most likely to put up your 100k savings?

 

Am already near my 30s and haven't started building my passive income yet. Reality slapped me last year when I had COVID and didn't have enough savings to cover medication if situation got worse but good thing I was able to recover after a month.

 

Any suggestions would greatly help.

 

Notes: I was able to reduce my expenses for about 30% last Q4. And already learning about stock market but haven't invested yet.

 

 

If the 100K is strictly your emergency funds, compute for three months' worth first. The remaining amount, you can place in a high yield savings account or time deposit. It should be liquid at all times.

 

Rework your budget so that you can allot a specific amount for investing. Never make your emergency funds as your investment seed money.

 

Start off with looking at your financial status. Then, list down your financial goals, and based on your current income, calculate your retirement fund. Then you can adjust your budget to accommodate your savings stash and investment allotment. Match the investment instrument with the financial goal you listed. These instruments should be able to meet your short, medium, and long-term goals.

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Thanks Neville

 

I have a separate fund of 50k for emergency use.

 

Is it too risky to put all of my 100k to the stock market? I haven't tried it yet but I was encouraged due to the high returns showed to me by my colleagues.

 

 

I still haven't listed my short, medium, & long term goals. I wanted to learn & act the way how Warren Buffet do his things, the way he is successful with his investments.

 

If the 100K is strictly your emergency funds, compute for three months' worth first. The remaining amount, you can place in a high yield savings account or time deposit. It should be liquid at all times.

 

Rework your budget so that you can allot a specific amount for investing. Never make your emergency funds as your investment seed money.

 

Start off with looking at your financial status. Then, list down your financial goals, and based on your current income, calculate your retirement fund. Then you can adjust your budget to accommodate your savings stash and investment allotment. Match the investment instrument with the financial goal you listed. These instruments should be able to meet your short, medium, and long-term goals.

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Thanks Neville

 

I have a separate fund of 50k for emergency use.

 

Is it too risky to put all of my 100k to the stock market? I haven't tried it yet but I was encouraged due to the high returns showed to me by my colleagues.

 

 

I still haven't listed my short, medium, & long term goals. I wanted to learn & act the way how Warren Buffet do his things, the way he is successful with his investments.

 

 

 

If you lose your job or any income source, can you survive on 50k for three months or more? Do you have a monthly budget?

 

Study the different investment instruments before you dip your fingers in them. Losses are bigger if you engage in the stock market or cryptocurrency market if you don't understand how they work. Don't plunk your money in them just because your friend earned a lot. What he or she may not have told you is the amount of paper losses he/she acquired due to bad decisions when investing or trading.

 

Determine your financial situation first. If you have debts, you need to pay them. Then determine your financial goals. The timeline will tell you what investment best fits your goal.

 

Don't. Just don't put your money in an investment just because somebody said he earned a lot.

 

What is good for Juan may not be good for Pedro.

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  • 1 month later...

Thanks Neville

I have a separate fund of 50k for emergency use.

Is it too risky to put all of my 100k to the stock market? I haven't tried it yet but I was encouraged due to the high returns showed to me by my colleagues.

I still haven't listed my short, medium, & long term goals. I wanted to learn & act the way how Warren Buffet do his things, the way he is successful with his investments.

Only invest as much as you're willing to lose

 

Do due diligence sa company. Tignan no kung sino mga tao na kasama as kompanya. Listed companies can be safer

 

Check average prices over time so you won't overpay

 

Start small so the "charge to experience" won't be that painful

 

Have an iron gut when it comes to losses. Don't check every day if you easily get rattled. 20% gains shouldn't mean anything if you haven't hit your target selling price

 

Just random advice off the top of my head. Good luck!

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