0 2
If you had 1,000,000USD, How would you expend that?
Post 1 of 13
This question would be very helpful for somebody that does not know what is the policy of expending money, now it would be 10USD or 1,000,000.


Award 100 MVPs ( What's this? )for the best answer.
19 Jul 2008 22:55
Post 2 of 13
If I had that money I will open a big restaurant in each city of China, so make more jobs and also could make more profit.


But how to manage the money, that's the very good question, I am not good at it and expend money like drinking water, I have problem to invest my money or save it.


Any Idea for me?
20 Jul 2008 00:43
Post 3 of 13

Quoting from [Freddie]:


This question would be very helpful for somebody that does not know what is the policy of expending money, now it would be 10USD or 1,000,000.




Well it is a good question, how to expand our business or wealth, before we jump to any business model we must think if we are going to make a long term investment or short term,

Short Term investments gets quick profit but less margins and long term investments brings profit for life time.

In the current situation of increased oil prices and the world trade they are two good business sectors we can think of if one has a good cash in hand,

First is the real state business and the second is aggricultural business.

I think focusing on the aggricultural business sector is much more better and will bring more profit and more stability to your investments.

Aman

20 Jul 2008 03:06
Post 4 of 13
Quoting from [Freddie]:


This question would be very helpful for somebody that does not know what is the policy of expending money, now it would be 10USD or 1,000,000.




If I had a million

Las Vegas here I come

 

20 Jul 2008 04:08
Post 5 of 13
Quoting from [Freddie]:


This question would be very helpful for somebody that does not know what is the policy of expending money, now it would be 10USD or 1,000,000.

Freddie,


With 1 million or 10 US Dollar, this is big difference.


With $10 you can only go to the Kebab stall and buy a few sticks of kebabs, some beer and a hotdog maybe in Beijing at the smaller shop behind the Forbidden City not even enough to take a taxi.


You want to know what to do with 1,000,000.00? You got to put yourself into the position of either a business man or an ordinary man on the street. What a business man would do, is firstly to invest into stocks.


There is a portfolio of stocks categorized by its risk factor and ROI (Return of Investment). This is in 4 major Quadrant, the Low Low, the Low, Hi and the Hi Low and Hi Hi.


Low risk, and low returns stocks would be the BONDS, and the Insurance Stocks. and Lo Hi would be the penny stocks, with low value  and low risk, but low returns, higher than the Lo Lo. The Lo Hi are a mix of stocks spreading from blue chips and medium volatile stocks, while the Hi Hi to the extreme are the mining stocks, or the new technology stock, which will give high returns.


Personally, I would use a part of the money, say 10% for our seed money in the company to purchase stocks that are fast moving and will hit high demands in the later time. Another 20% on to the Hi Risk but Hi Return stocks, and 20% on the Lo Risk and Lo return stocks invested over a time frame of 10 years.


The rest of the 500,000 will go into the operating cost and venture into a business which will see a formidable growth in the next 5 years.

Where and how to invest?

Learn from the successful people like Warren Buffet. Sometimes you can get their tips and advise for free, you got to know what is precious information, and what is not. Warren Buffet's 9 Investing Secrets revealed by clicking icon below:

[em15]


Street Smart



 
SIGNATURE:
About Our Company

Tijit Pte Ltd
Motto: Digital is our name : Portable is our game
Tijit provides service and supply to Marine Shipping Industry both here in Singapore and abroad focused on portable instruments.
We provide Customer Service for... More

20 Jul 2008 05:37
Post 6 of 13
nubianstyle
offline
No Company Website yet
Overall Ranking MVP:52 Rank:129,735
Quoting from [Freddie]:


This question would be very helpful for somebody that does not know what is the policy of expending money, now it would be 10USD or 1,000,000.


simply put, I would buy assets. 
20 Jul 2008 18:30
Post 7 of 13
sunnylan888
offline
No Company Website yet
Overall Ranking MVP:56 Rank:99,868
Quoting from [Freddie]:


This question would be very helpful for somebody that does not know what is the policy of expending money, now it would be 10USD or 1,000,000.




[em1]
20 Jul 2008 19:49
Post 8 of 13
Kidd
offline
No Company Website yet
Overall Ranking MVP:92 Rank:55,843

First I don't know why you came up with so unsocial a question.

I think It would be more realistic if it was asked as " What will you do to make 1,000,000 dollars"

20 Jul 2008 19:53
Post 9 of 13

How would I spend a million "buckaroos"? Wisely! Whatever that means! [em1]

As I have never been in that situation and have no reason to believe that this will ever happen to me, I've never lost a thought about this subject. Time come (supposing it will happen one day) I would use all my knowledge, experience and whatever I have gathered in my life to do what I said above: spend it (invest it) wisely! And with all certainty I would remember that I'm not the only person in this world...

20 Jul 2008 20:08
Post 10 of 13
And with all certainty I would remember that I'm not the only person in this world...


We must to write down  this word with Gold and hang it on the wall. 
21 Jul 2008 01:08
Post 11 of 13

Freddie, I'm renting my house from a man who is literally a multi-millionaire. He is also my immediate neighbor and a good friend. Sometimes we have a cup of coffee together and chat. And on these occassions I realized that the words I said are basically his philosophy and that he lives according to them (though he never said them). And from what I have seen so far I got the impression that this philosophy is part of his success story...

21 Jul 2008 09:44
Email this page Bookmark this page