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Nairaland Forum / Nairaland / General / Investment / Moving From Mutual Funds To Uber (advice Needed) (990 Views)
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Moving From Mutual Funds To Uber (advice Needed) by Michael820(m): 11:33pm On May 06, 2019 |
Hello, house. Please, I need your advice on an investment decision. I started investing my savings in mutual fund(money market) about 6 months ago, this has been fruitful but I think I do better by using my investment to buy a car for uber and collect a weekly commission. I have been able to save up to 1.5m in the mutual funds, I know next to nothing about cars or maintaining one this will be my first car purchase, I am confused on whether I should get the car or continue with my mutual fund. I would appreciate a matured response and if you have tried this uber thing before I would really appreciate if you could share your story Thanks |
Re: Moving From Mutual Funds To Uber (advice Needed) by ak22(m): 7:56am On May 07, 2019 |
Michael820: Good morning , do you know any friend , brother or any close person that you can trust like 45% that knows about car and also about uber ? If your answer is yes then you are good to go . make sure you know your driver guarantors. And track your car . Saving is a good habit, but without investing, it simply sleeps. 2 Likes |
Re: Moving From Mutual Funds To Uber (advice Needed) by Michael820(m): 12:43pm On May 07, 2019 |
ak22: Thanks man, really appreciate 1 Like |
Re: Moving From Mutual Funds To Uber (advice Needed) by naijasensei: 1:15pm On May 07, 2019 |
Michael820: I will advice you to diversify your investments instead of converting completely from mutual funds to uber. I am proposing that you probably move up to half of your investment into uber, so that you can have a buffer. Besides, you need to update yourself about cars in general, and uber in particular. Have fun. 1 Like |
Re: Moving From Mutual Funds To Uber (advice Needed) by temi4fash(m): 1:21pm On May 07, 2019 |
Michael820: Which MMF are you using?? |
Re: Moving From Mutual Funds To Uber (advice Needed) by Michael820(m): 1:21pm On May 07, 2019 |
naijasensei: I would have loved to do this but 750k cannot get a good car for uber. Thanks for the contribution though |
Re: Moving From Mutual Funds To Uber (advice Needed) by boiz2men(m): 2:09pm On May 07, 2019 |
Michael820: is 1.5m the profit? what MF gives that? |
Re: Moving From Mutual Funds To Uber (advice Needed) by Michael820(m): 3:22pm On May 07, 2019 |
boiz2men:total investment |
Re: Moving From Mutual Funds To Uber (advice Needed) by Michael820(m): 3:22pm On May 07, 2019 |
boiz2men:total investment |
Re: Moving From Mutual Funds To Uber (advice Needed) by Michael820(m): 10:17pm On May 14, 2019 |
boiz2men: Total investment oo, principal + interest. and mind you with an investment of 15million you could get that in a year. |
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