Can anyone advise how to invest $300K to generate about $1k monthly , which is my monthly expense. Which investment can have a safe 3-4% returns ?
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How to generate monthly $1k using $300K
- Thread starter chootchiew
- Start date
Apply for legal money Lender license. Think one or two month, can hit target liaoz. No need wait one year. 3-4%.
You can consider the preference shares of ocbc at about 5% per year or DBS at 4.75. I think is pretty safe.
legal money lending need to apply, pay fees, maybe also need undertable $, plus open shop rental etc, end up left not much money to lend.
Open a car rental company, buy cars/vans/pickups with 1-2 years life remaining before scraping and you are in business.
the preference shares you mentioned is ocbc will help us to invest in other companys shares or the ocbc shares itself ?
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$300k is too little to do car renting business. Paying rental of shop left not much to purchase the vehicles, maybe 2-3 fleet max.
there's one REIT that's based on electric power supplied to S'pore............6% a year before tax............price is 1 dollar plus.........
definitely safer than property REITs.............of course in recession, power use will drop and dividend will drop........
come, come. park that 300K with me and i can pass you that 1K/month
Can ,but I when want back my $300k anytime when in need. If you refuse to pay me back, I will not hesitate to chop you into 300 parts becos the $300K is more important than my own life
deal ?
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OK, will research in this. thanks
walao eh! ... u r so rich! ...
come, come. park that 300K with me and i can pass you that 1K/month
with a 100-month warranty.............
with a 100-month warranty...
where got so ho kang tao? :p:p:p
wah... put inside fix D rates also not so high loh. how can any time want it back?
well, we can workout a maturity date , if I need it back before maturity, I will need to compensate some from the principal amount. Else you can chop me too
$300k is not a big sum lah, cannot even buy a hdb 3 room flat le. Some gambler can even bet per hand 300k .
but i'm not fond of chopping people up leh
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