Considering interest rates are quite low here, how long would it take to double your money using conventional banking products at an average rate of return?
2006-06-21 03:52:08 · 3 answers · asked by Samuel Sung 2 in Business & Finance ➔ Investing
A very very long time??
At the most...try it out but you must be very very lucky with the Stock Market.
You need to consider alternate means of growing your money.
it might be passe to suggest looking into this industry.
...but those who've failed before usually jumped on the wrong company...or at the wrong time...or associated with the wrong leadership / co-workers.
get involved in a successful organisation (preferably a public corporation) that itself is involved in the 3 Power Trends driving the world right now:
- the Internet
- products used by the "Baby Boomer" population
- & true GLOBAL Distribution!!
http://www.teaminmotion.net/guest.html
check it out and email me (click Nick on left)
your time spent on it, may set you up for a long time to come.
i'm the only one in sg involved at the moment...& legally.
join in Early for endless possibilities.
(in fact, many countries/states are virgin markets!)
only once in every 10-20 years does one chance upon a company going into momentum phase of this magnitude!
...like buying into Microsoft stock before Windows was invented!
2006-06-22 22:39:14 · answer #1 · answered by TM 3 · 0⤊ 0⤋
Why limit yourself to Singapore? Why don't you just buy some Real Estate from me in Texas, and hire a property manager to rent it out? Dallas is one of the most undervalued r/e markets in the U.S., and r/e is one of the safest investments with the best returns of any investments. Lets say you buy a $150,000 home with 20% down - $30,000. The home appreciates at a modest 5% per year, which would be $7,500. After 5 years, your home would be worth $191,442. Subtract about 2% for buying cost, about 8% for selling cost, and add back in $5,000 (I can easily find you a home for $5K below market) for the gain on the buy. Finally, add $1200/yr for Accrued principle, and you've made $32,926 - more than double your investment in 5 years! Now, these aren't complete or perfect numbers, but they're about right. You can search for homes and contact me at www.AggressiveHomeSales.com
Oh, by the way, I'm not sure about your situation in Singapore, but Americans can get investment loans now with 10,5, and even 0% down depending upon their credit.
2006-06-21 04:20:10 · answer #2 · answered by Brian M 1 · 0⤊ 0⤋
Companies only pay taxes on their profits. Singapore is a popular place to transship goods because in Singapore they are allowed to inflate their costs so that when the goods arrive in the US they have no profit because the profit was made in Singapore.
2016-03-15 13:51:13 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Fold it in half?
2006-06-21 03:55:09 · answer #4 · answered by aboukir200 5 · 0⤊ 0⤋