the best thing to do to invest my money without me having any experience?? plz help
2006-09-27 06:36:09 · 7 answers · asked by candy_man_ohio 1 in Business & Finance ➔ Small Business
If you don't want to take any risk then I suggest leaving the money in the bank and going back to your job. If you think you are good enough at something that you can turn a profit then roll the dice. The point is only you can figure something like this out. If you are looking for advice sit down with a small business advisor. We have one near me at a University so do some research to see if there is one near you.
2006-09-27 06:41:37 · answer #1 · answered by Understood 3 · 0⤊ 0⤋
The problem is that investment in business is like a pretty sure bet in gambling. Look around at your local enconomy. Is there a type of business that is increasing in popularity but has not yet reached the point where there is and oversaturation of the market. for example, in the northwest, coffee is big and especially drivethru coffee. It was great investment ten years ago. today there is a drivethru on every corner. so what is popular in your area? Landscape maintenance? Coffee? Bicycles? Also, it depends on if you want to just invest in someones business, or build your own biz. Either way, determine the level of experience in the business and the demand for said biz, then see how many others are doing it
2006-09-27 06:44:56 · answer #2 · answered by Johnny 2 · 0⤊ 0⤋
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2006-09-28 18:59:55 · answer #3 · answered by Ron 2 · 0⤊ 0⤋
Read some useful investing tips and more on this site to help you with it
2006-09-27 06:38:02 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Go to your bank and ask which fund or CD will give you the most return. Don't do any business.
2006-09-27 06:38:08 · answer #5 · answered by spot 5 · 0⤊ 0⤋
Wellllllll, you could contact me!
I have at least 3 really good ideas and I'm really good at managing and really honest.
I will pass a background check and whatever else.
2006-09-27 06:38:13 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Start a lawn care business, or pool service, or day care.
2006-09-27 06:38:29 · answer #7 · answered by Diamond in the Rough 6 · 0⤊ 0⤋