Getting rich: stocks, real estate, or small business?

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  • 1 decade ago
    Favorite Answer

    First you need:

    - Business Plan

    - Business Strategy

    - Goals and Objectives

    Explore the possibilities of INVESTING in:

    - Stocks

    - Real Estate

    - Small Business

    What are the PRO's and CON's of each endeavor?

    What are the risks? Rewards?

    What is the investment amount?

    What is the return?

    Real Estate is ECONOMIC EMPOWERMENT and a great investment which aprpeciates in VALUE over time.

    Stocks are risky but good to have these investments in the US companies who provide good and services. An "INDEX FUND" would be a better investment than a Mutual Funds (Compare the fees)

    A small business investment would be nice if you want to be an owner or investor?

    You get TAX advantages with Real Estate and Small Business ventures.

    $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

    Here are some additional resources:

    www.citi-data.com

    www.50states.com

    www.homestore.com

    www.cnbc.com

    www.sba.gov

    www.etrade.com

    www.wellsfargo.com

    www.bankofamerica.com

    $$$$$$$$$$$$$$$$$$$$$$$$$$$$$

    Have a great week ahead!

    GOOD LUCK! :-)

    Source(s): GOAL: Investment Opportunities
  • Anonymous
    1 decade ago

    Real Estate. Less taxes and hassle. However, if you are an American, I would recommend maybe not investing in the real estate market because of the housing market tanking these last few months. The Canadian market is booming (Alberta, BC etc) so I would look there towards investing. If you can buy a US property and maybe hold it for 4-5 years until the market turns in your favour then go ahead but otherwise, I would advise against it. :)

  • Anonymous
    6 years ago

    Penny stocks are loosely categorized companies with share prices of below $5 and with market caps of under $200 million. They are sometimes referred to as "the slot machines of the equity market" because of the money involved. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow this guide you will learn the most efficient strategies https://tr.im/fb19f

  • 1 decade ago

    little by little, adopt habits that help you to save more.bring your purchases down to only the basic needs. wish you the luck.

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