How to make money grow?

[samson zee]

helo peeps, i must thank the generosity of Patrick Chan for creating this oneline portal...he is a good man. i love him and his willingness to share...

ok i have the above question to ask...i am already successful in many ways but i still lack financial knowledge on investing for high returns.

say i have 10K now, how and where do i invest it. Play options ? Or put it into a investment vehicle. But where? has anyone any experience to share where you put your money? i have excess cash and i want to invest it..i want real info so i can dump it straight away. I know how to make money but not sure how to invest it in the investment world. come to think of it...should i reinvest it in business and create more?

i am interested in coumpounding interest...maybe can someone help... especially where can i invest with compounding interest tools

thanks
samson zee

[lemonarian]

I'm not huge on Investment myself, but I read a book by some economic doctor guru multi-millionaire type of guy... The very much overhyped Internet Million Dollars which you see everywhere. It's got some useful stuff on investment.

You can read my review here: http://lemonarian.com/internet-million-dollars-wasnt-so-amazing/

[Sheryl]

Samson, from your short post, it seems to me that you have not decided on your goals yet for investing your money. Are you looking for quick returns or long term income? Maybe once you have decided on that you can narrow down your options.

[BetterDaysTVnet]

I agree, you should first find out what your purpose of investing is, what is the time-frame of your investment duration? It's all your choice. Your mind will open new doors and windows . Also find your definition of money, what does money mean to you, and how do you use money?

[patric]

Hi Samson,

It's good that you've the intention to invest - most people never thought of them with the income that they have.

I could still remember when I attended a 'wealth creation' seminar which focuses on option trading. I've shared this in the introduction of my course at www.ycdisuccessoutcome.com/bm (http://www.ycdisuccessoutcome.com/bm).

The point is, I thought that by knowing the 'real deal' - the 'how to' - I'm set for life to learn about investment. But the truth is, I don't get it because mastering the mindset and attitude is more important than knowing the 'techniques'.

When you want to leverage on 'investment', there only 2 things either must have - time or money.

If you have money, you don't need to spend time to learn the techniques because you can always learn from an expert and hire his expertise. Now, it's important to learn because you need to understand the mechanism.

If you have time, then choose one 'vehicle' - either real estate or stock. Then spend your time and money to master it.

To share with you, I have a wide range of portfolios to hedge the economy's impact and to take advantage of the 'movement' - ranging from low risk like mutual funds, bonds to high risk like gold.

I wish I know how all of them works profitably but it's simply impossible. So I'll focus on what I'm good at to generate more money and get the experts to do so.

Regardless of the amount of income you have, I'm sure there are experts at your level who can be leveraged while you invest your time to make more money.

My final advice - just get started. The easiest way to start is to look into mutual funds that are available in your country. Once you start, eventually more will come because you'll 'attract' them.

[successadvisor]

Hi Samson,

Congratulations on your financial success!

Have you looked into Forex for investing your money? Forex or Foreign Exchange is the most liquid and the largest financial market in the world. Unlike other financial market, the Forex market doesn’t have a centralized location. Exchanges are done through electronic network and the whole world participates in the trade.

Forex trading involves buying and selling of different currencies. As with most trades, to make a profit in Forex, you need to buy low and sell high. Forex isn’t really complicated. However, there are things that you need to consider in order to successfully make some profit out of this very liquid financial market.

Forex trading can really give you a chance to earn large amounts of money. In fact, people who traded in Forex became instant millionaires almost overnight. However, you need to realize the fact that aside from the earning potential you can get when trading Forex, there are also risks involved and many people suffered huge financial losses trading in Forex.

I just started investigating this method and soon I'll make a site about it.

For now, if you want to learn more about it, please click here. (http://tinyurl.com/6oc5mj)

Hope this helps.

All the best,
Cristian

[LoveIsTheAnswer]

If I were you, I would invest the money in a short-term (say, three month) interest-bearing bank account with the highest rate of interest while you are thinking about it.
Now maybe this could be called "small thinking" but it carries no risk and at least you will know that the money is working for you and not losing value while you make better plans.

[beaulife]

Hi,

There are many ways of making money grow, it solely depends on the following factor from you:
1) Manageable risk level -- Are you a risk taker, or moderate, or the conservative type?
2) Any long term or short term goal? For example, 20 years later your kid will go to university, or buy a bigger house in 10 years time, or 30 years later you will retire.

Once you define these 2 factors, you can decide if any tool is suitable for you, for example, stock market, forex, unit trust (mutual fund), bond, currency, fixed deposit, futures etc.

If you want to know how much will be sufficient for your retirement, child's education etc, you may visit my blog site Best Buy & Idea (http://www.bestbuyidea.com/) and read my posting about the Rule of 72 - click here now (http://www.bestbuyidea.com/wp/?p=49). It is about how much we need to save and for how long to achieve our goal (whether long or short term). Rule of 72 even tells us how our money will be eroded by inflation. You will be amazed about this proven knowledge.

Feel free to email to me (mailto:beaulife@gmail.com) for more assistance.