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 What business should I invest in?, I have 500k in hand

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Ramjade
post Mar 30 2021, 03:41 PM

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QUOTE(impiana @ Mar 30 2021, 12:28 PM)
Heya!

Asking opinion here.

Looking to get out of my corporate job. What business should I open with low risk and high potential income?

Im thinking of these 3 at the moment:
1. Franchise business (Thinking Secret Recipe or Old town etc) - if anyone can share how much their net profit per month would be great
2. Restaurant - Halal mix rice shop (like chinese mix rice shop, i dont find the halal version of it)
3. Smart house business (IOT) - something that in my area of expertise
4. Self service laundry - too many these days (how much they earn btw?)
5. Online seller (import from China) - but what to sell?
...

PS i dont have extensive experience in those but im willing to research and learn.

Would like to know the outlook if anyone has experience in venturing it or any thoughts also would do.

TQVM folks!
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If you don't have experience running a business, the smartest thing is just buy shares of a company say nestle, public banks and let the management have the headache of running the business.
Ramjade
post Mar 31 2021, 10:13 AM

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QUOTE(impiana @ Mar 30 2021, 04:03 PM)
for stock im abit scared... bcoz sometimes its abit volatile and unpredictable sometimes (i know gt alot of tech to derive the pattern as well as news etc but my friend who is crazy about stock and paid thousands for classes also not doing that well)... but anyway... yeah i did this at the moment as well... not much hav invested... only 20k+ so far... but doing good... luckily and coincidently on positive gain so far....
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You don't need tech or pattern. That's for trader. Trader don't bother about fundamentals of company and they hol short term say few minutes to a week.
View stocks as business and not numbers bouncing up and down on your screen. If the business is good overtime the price will move up on it's own.

Your friend have been scam. Nowadays lots of people offering course say they have inside infor, special signal that will help you beat the market. All BS one. If their signal so good, why give to people? Cause they are not making much from signal but from selling the course. One course RM2k-4k. 10 people already RM20-40k.

You can learn everything you need online via blogs or youtube.

There are other ways to make money than being a trader. It is become an investor or you can go the dividend route. Buy companies and get paid to hold those companies. Over time as mentioned, good business the price will go up. Dividend received will also go up.

FYI, I spend nothing on stocks other than commission and I am generating at least RM20-30k/year off my investment. And no I never need to sell my stocks. The RM20-30k/year is from my dividends or my options premium). I am still holding on to my stocks I bought like 5-7 years back.

 

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