How far will you go to achieve financial freedom?

[godaddygo]

Just alittle curious, how far will you go to achieve financial freedom.

Giving you a scenario. You have 20 grand buffer, will you be willing to part with it so as to gain financial freedom? The return isn't guaranteed but the roi is really high. Feel free to contribute.

 

[QIANX2]

If returns is not guarantee how high is the ROI, also useless

 

[godaddygo]

There is no way a return can be guaranteed. Even parking your funds in a bank is no way 100% guaranteed. 99.9% is a yes but never 100%

 

[bretrayed]

At least its 99.9. But for yours is 50/50?

 

[godaddygo]

At least its 99.9. But for yours is 50/50?

I have nothing in mind. I am just curious on how other feel.

 

[bretrayed]

If its less than 99.9 then it become gambling. So dont take risk

 

[godaddygo]

If its less than 99.9 then it become gambling. So dont take risk

I beg to differ, investing on a property, indulging in stocks, fx and unit trusts aren't classified as a gamble. The definition of gambling in layman's term is having small sum of money and hoping for a more than 100% roi. Whereas having a huge sum of money put in with an expected of a small roi is classified as an investment. Have you ever been told that playing stock is gambling? No one says that.

 

[bretrayed]

Stock yes. Ppl play contra. That gambling

 

[godaddygo]

Everyone has a different form of perception. Anyway, this is just a case study. Thank you for your input.

 

[bretrayed]

I feel 20k its not a lot. Keep it for raining days.
Cant expect your investment will get u very high returns

 

[godaddygo]

Precisely, but for some 20k is huge.

But it is definitely not able to compete with today's rate of inflation.
Oh yeah, tax is going to increase by 2019.

 

[bretrayed]

Yes, not easy to have 20k. But 20k roi will not be much to take high risk

 

[JL8118]

Same. I will keep it for rainy day rather than investment, even the return is high. As risk is still there for investment, and further more, to park 20k in is not a good idea.