14 Aug 2020
If you managed to earn a large amount of money through an online business, would it be a better choice to invest in your online business or invest it in other investments like bonds and stocks?
I am in the same situation as you.
And I choose 1) Invest in your own business
A bit of both is ideal, so I started in a bit of both, but now most of money is back into my business.
I have been doing business, have some successes and wondering whether to keep the income in stocks, or try to duplicate the success in other stocks.
Realised that I can probably increase my money more if it is in my own business than from buying stocks, I decided to expand and bought over other online business to run and manage.
What would you choose?
a) Stocks give you returns of 7-10% per year?
b) goods can sell for profit of 30%, if you can recycle your capital at least once a motnh, thats gross return of 30% per MONTH (net return probably would be smaller since you need to account for labour, rental etc)
Its a lot tougher than buying stocks and not do anything (stocks dividends are the only true form of passive income), but the returns are higher in your own businesses and skills.
If you are confident, go into your own business and skills.
INVEST IN YOURSELF.
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I totally agree with cedric.
Stocks wont make you rich, it will make you RICHER. Owning a businesses will make you rich. Properties will make you rich.
Unless you 100% confirm plus chop hit the spot in stocks that can gain 3X 4X within months , which is almost impossible.
I am investing my time on youtube in hopes that it will gain some attention and that traffic leading to greater things! For now free content! :)
HI Anonymous, I would like to start an online business but not sure where I should begin? Would you ...
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