I'm a 32yr old single male. I have about USD $70,000 saved and I want to multiply this sum of money. At the moment I do not want to touch this 70K. It is like the only money I have apart from my monthly income, so I want to be quite careful with it. I want to figure out and test run a reliable system for at least 6 months to 1 year (on a small budget of less than US $700 per month) before expanding the system by injecting the 70K gradually into it. I want to reduce the risk of losing my shirt as much as possible.
I have skills in web/programming and systems stuff. I'm able to set up various kinds of servers / API, code scrapers, bots, APIs, web/backend applications and much more. I'm currently employed in this field.
I have experience setting up various businesses of service & product oriented nature (alone and with partners), but closed them eventually because of poor or negative returns. I'm willing to start another business, and I think it has to be 'connected' to the Internet in some way because I see the Internet as a huge 'force multiplier'. It gives you much more exposure, potential customer base etc, compared to setting up a small off-line shop in a small town.
I'm quite comfortable networking with people for business, and giving presentations etc.
I also have an interest in financial markets and trading. I've explored intra-day forex, bitcoin/crypto-currency trading. I've heard of eToro etc but no idea how to get started 'properly'. I do not think I want to do intra-day Forex, because of the constant attention I have to pay to it and stress. I know of guys who do "swing trading" who seem to make a ton of money but again have no idea how to learn the knowledge and skills properly (is there a course?). In this space I can see myself learning MTL, building bots etc in order to trade, but I do not know if this is the smartest path.
I also love games and gaming various systems ( cough ).
I'm located in Singapore, permanent resident here. Now at the age of 32, I'm single, free to move anywhere in the world I want to.
I'm looking for advice and guidance on systems (whether business or otherwise) that can make returns of 20% to 200%. And what do I have to do to get there and gain relevant experience efficiently (i.e not wasting time or money on snake oil). I'd like to especially hear from people who have turned similar or smaller sums of money into much larger sums of money.
February 22, 2017 at 07:21AM
