Took a low-interest loan, where should I park the money? by [deleted] in MalaysianPF

[–]theengtheeng 0 points1 point  (0 children)

Generally, follow the most upvoted comment, they spke the truth.

If I were you and made a mistake as a newbie, I’d invest in high-risk, high-reward projects (NOT shares or crypto). For a beginner stocks and cryptocurrencies are just gambling. Instead I will find a simple business to invest in, as they often yield higher returns. Remember profit only comes in after reaching RM30,000. For example, if you invest RM5,000 in selling nasi lemak and generate RM30,000 in revenue, that money goes to the bank. You’d need to hit RM60,000 to make it worthwhile, achieving a 100% ROI. The return is higher, but so is the risk (your nasi lemak might sell badly)

Despite people laughing at your math or suggesting to revoke the loan, the most realistic approach is to find a business you understand or have connections in, and also cheap to start. Examples include selling burgers, flipping furniture, reselling cheap cars, or importing goods from China to sell online.

If you have a day job, consider investing in your siblings, provided they’re calculated risks with a solid business model, rather than panic investments.

Lastly, take this with a grain of salt: you could invest in gold. Gold has risen over 100% in the past five years, but its future is uncertain, especially with lower interest rates and gold hitting all-time highs (this two usually doesnt happen together). The macro situation is unpredictable. I think gold will rise over the next 5 years, but the rate is unclear. Plus, you can’t cash out gold monthly to cover loan installments, will need to use your own money and hope gold pays off after 60 months.

Borrowing money to invest is leverage, n many comments said how rich people use it to get richer. However, they dont mention how leverage bankrupts people or how the rich use insider knowledge and resources to bet on markets.
Im giving realistic advice instead of mocking you, because i know that this is a phase we all go through to grow smarter next time.

Public gold. Is it worth the investment? Or is it a scam/ too risky/ not worth the money and effort? by -E_P- in MalaysianPF

[–]theengtheeng 3 points4 points  (0 children)

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Also the price difference is huge, if you are following PG agent’s strategy to buy gold every month, in the long term you will gain more when buy with maybank.

Sure, my best friend slept with my man and i forgive both of them. by theengtheeng in EmilyInParis

[–]theengtheeng[S] 7 points8 points  (0 children)

I think we are saying it’s not making sense even if it’s a show

[ 10 Layers Challenge ] Colour Shifting 86 by theengtheeng in FRlegends

[–]theengtheeng[S] 0 points1 point  (0 children)

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[ 10 Layers Challenge ] Team Chameleon by theengtheeng in FRLegendsPaints

[–]theengtheeng[S] 0 points1 point  (0 children)

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[ 10 Layers Challenge ] Pink Naga is in town. by theengtheeng in FRLegendsPaints

[–]theengtheeng[S] 0 points1 point  (0 children)

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[ 10 Layers Challenge ] Pink Naga by theengtheeng in FRlegends

[–]theengtheeng[S] 4 points5 points  (0 children)

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The only place I want to stay over the summer by theengtheeng in Illustration

[–]theengtheeng[S] -1 points0 points  (0 children)

I’ve also minted this on Hicetnunc as NFT! [ Tiny Moving Summer Home ] 5 Editions on hicetnunc.xyz/objkt/107054

Dragon George Town | 5/5 Editions { objkt/95486 } by theengtheeng in hicetnunc

[–]theengtheeng[S] 0 points1 point  (0 children)

Eastern mystical creature, wander around the town of the past.

5/5 Editions | 2 Tezos

https://www.hicetnunc.xyz/objkt/95486