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Moving From Mutual Funds To Uber (advice Needed) - Investment - Nairaland

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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:
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.

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Re: Moving From Mutual Funds To Uber (advice Needed) by Michael820(m): 12:43pm On May 07, 2019
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

1 Like

Re: Moving From Mutual Funds To Uber (advice Needed) by naijasensei: 1:15pm On May 07, 2019
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.

1 Like

Re: Moving From Mutual Funds To Uber (advice Needed) by temi4fash(m): 1:21pm On May 07, 2019
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??
Re: Moving From Mutual Funds To Uber (advice Needed) by Michael820(m): 1:21pm On May 07, 2019
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
Re: Moving From Mutual Funds To Uber (advice Needed) by boiz2men(m): 2:09pm On May 07, 2019
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?
Re: Moving From Mutual Funds To Uber (advice Needed) by Michael820(m): 3:22pm On May 07, 2019
boiz2men:


is 1.5m the profit? what MF gives that?
total investment
Re: Moving From Mutual Funds To Uber (advice Needed) by Michael820(m): 3:22pm On May 07, 2019
boiz2men:


is 1.5m the profit? what MF gives that?
total investment
Re: Moving From Mutual Funds To Uber (advice Needed) by Michael820(m): 10:17pm On May 14, 2019
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.

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