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S$40,000 Investment

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Man111
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S$40,000 Investment

Postby Man111 » Wed, 15 May 2019 10:27 am

Hello friends,

I am a first time investor and have S$ 40,000 to invest in a business or buy a chunk of shares into a company of which I want to be a director. I MUST turn this into 1 million over 5-7 years.

Any idea what on? I am English, 33 and living here in Singapore. Background in construction where I have been the project manager - truth be told I am tired of working for people.

Of interest: Manufacturing, imports/exports, architectural, construction, convenient store, coffee/tea shops, vending machines.

Thanks for suggestions and tips!

Man111
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Re: S$40,000 Investment

Postby Man111 » Wed, 15 May 2019 10:47 am

anyone??

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PNGMK
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Re: S$40,000 Investment

Postby PNGMK » Wed, 15 May 2019 11:35 am

There are very little gaps in the business world here that are not already fully exploited.

You may need to think in broader terms (globally).

I wish you well.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!

Man111
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Re: S$40,000 Investment

Postby Man111 » Wed, 15 May 2019 11:54 am

PNGMK wrote:There are very little gaps in the business world here that are not already fully exploited.

You may need to think in broader terms (globally).

I wish you well.



Thanks PNGMK. I think I will still base myself here for a while and think of something to 'sell' globally.

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Strong Eagle
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Re: S$40,000 Investment

Postby Strong Eagle » Wed, 15 May 2019 12:36 pm

You better start with your rights to legal residence. If you are already working on an EP you cannot be the director of another company, except through permission of MoM and that is granted generally when an EP in one company (a bank, for example) sits as an outside director of another company (a manufacturer to which the bank loans money, for example). In your case, if you have an EP, the chances are about zero for you to get to be a director, unless...

You quit your current EP and have the new company hire you under an EP... or if you are not on an EP now but on an LTVP or DP, then getting an EP from the new company.

Turn $40,000 into $1 million in 7 years? That's what one might call a rather aggressive growth rate. This requires more than a 58% per year growth rate, something that even monsters like Google and Amazon have not been able to accomplish. If you invent a time machine, or perhaps a magic potion that let's us all live to be 300, or perhaps $99 space travel, you might make this investment percentage. Otherwise, I don't see it in a world where the average growth of companies is much much less.

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sundaymorningstaple
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Re: S$40,000 Investment

Postby sundaymorningstaple » Wed, 15 May 2019 12:49 pm

I am English, 33 and living here in Singapore.


But is posting from a Astana, Kazakhstan IP Addy. I wondering who is fooling who..... :-k

Man111
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Re: S$40,000 Investment

Postby Man111 » Wed, 15 May 2019 1:36 pm

sundaymorningstaple wrote:
I am English, 33 and living here in Singapore.


But is posting from a Astana, Kazakhstan IP Addy. I wondering who is fooling who..... :-k


Hi thanks. Not fooling anyone. I just arrived to get my stuff, back next week.

Anyone willing to network please let me know!

Man111
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Re: S$40,000 Investment

Postby Man111 » Wed, 15 May 2019 1:36 pm

Strong Eagle wrote:You better start with your rights to legal residence. If you are already working on an EP you cannot be the director of another company, except through permission of MoM and that is granted generally when an EP in one company (a bank, for example) sits as an outside director of another company (a manufacturer to which the bank loans money, for example). In your case, if you have an EP, the chances are about zero for you to get to be a director, unless...

You quit your current EP and have the new company hire you under an EP... or if you are not on an EP now but on an LTVP or DP, then getting an EP from the new company.

Turn $40,000 into $1 million in 7 years? That's what one might call a rather aggressive growth rate. This requires more than a 58% per year growth rate, something that even monsters like Google and Amazon have not been able to accomplish. If you invent a time machine, or perhaps a magic potion that let's us all live to be 300, or perhaps $99 space travel, you might make this investment percentage. Otherwise, I don't see it in a world where the average growth of companies is much much less.


Not in EP, tourist visa!

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Strong Eagle
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Re: S$40,000 Investment

Postby Strong Eagle » Wed, 15 May 2019 10:01 pm

Man111 wrote:Not in EP, tourist visa!


You can't do ANYTHING on a tourist visa except enjoy the sights... and get educated on what it will take for you to live and work in Singapore.

And if your statement, "...and living here in Singapore" is accurate, you're already in deep doo doo... 90 days is your max for visiting.

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Max Headroom
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Re: S$40,000 Investment

Postby Max Headroom » Thu, 16 May 2019 9:49 am

"Convenient store"?

For that kind of exponential appreciation, you'll need to put your cash into Bitcoin or some such. Of course it may all be gone in a year. But I agree with SE, yours is not really a legitimate target.


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