hello,
is there a way that anybody can share with me, where i can invest some 70k and get return on investment straight away? it doesn't have to be related to property. something where i don't have to be invovled in but that generates an income. for example, taxi license – except that is 400k – i need something of that nature, but where the investment amount is not that large.
any ideas would be HUGELY appreciated.
thank you
regards
sumaThat would be giving financial advice which can only be given by a licensed financial planner.
What you need to look at is your risk tolerance.
Usually if you do not like losing all your money you put in into a number of investments to spread the risk this is known as a diversified portfolio of investment.
If you want a hands off approach a managed fund or a number of managed funds could be worth you investigating.
see https://invest.etrade.com.au/InvestmentProducts/ManagedFunds/Default.aspx.Some car parks are in this price range.
http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=106107916&f=20&p=10&t=res&ty=&fmt=&header=&cc=&c=89340271&s=vic&snf=rbs&tm=1257932642These are only examples of what is available I have no idea what returns these investments yield.
Thanks duckster.
I thought there might be more options out there that i could look into.
cheers
SumaMaybe check out https://www.igrin.com.au/default.aspx
I've never used it to lend or borrow but it looks like an option for you perhaps (??)
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