₦airaland Forum

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

Michael820:
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

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.

ak22:
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.

Thanks man, really appreciate

Michael820:
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

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.

Michael820:
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

Which MMF are you using??

naijasensei:
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.

I would have loved to do this but 750k cannot get a good car for uber.

Thanks for the contribution though

Michael820:
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

is 1.5m the profit? what MF gives that?

boiz2men:
is 1.5m the profit? what MF gives that?

total investment

boiz2men:
is 1.5m the profit? what MF gives that?

total investment

boiz2men:
is 1.5m the profit? what MF gives that?

Total investment oo, principal + interest.

and mind you with an investment of 15million you could get that in a year.