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What do you think is the best financial investment you can do keeping the investment period of 10 years.? |
I am doing my financial planning. I am a log term investor. My current age is 27. I want to retire from my work by 40. In next 13 years I want to be filthy rich. I can do savings of 3K SGD per month. What would be your advice to me about how should I go for my financial planning? Reality looks good idea but other than real estate & stocks is there any other way to make money in a clean way? well i was ready to say mutual funds but that is a form of stocks -- if you think you will stay put in same area i would look into a small bar or cafe and be a owner in name only!!! First let me say that being a log term investor is kind of strange. There are things you must know before you make any investment. There is no one best investment, but for most people, real estate works better than stocks. It is a nice dream to have to think that you could retire in 13 years. It is most unlikely that you will achieve your goal if your pathway is investment alone. |
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