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Originally Posted by Frans  I realize that in some places $1500 is a lot of money, but if you want to invest that money yourself, you must be very competent (or lucky) to pick the right investment opportunity.
If you participate in an investment fund, the risks are spread over many investments.
You can choose to invest in companies in a certain geographic region, you can pick a preferred theme (for example, start-ups in the ecological branch) and you can even define the level of risk you want to take.
With an investment fund, you can even invest in third-world companies.
I don't know how you can do this without an investment fund. |
What kind of returns do you get in investment funds? What if someone is not comfortable turning their money over to someone else to make money for them? I know I am not, haha. If I put my money into a fund that doesn't work, or loses money, I would not feel as responsible as if I started a new business. That's me though!
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With an investment of $1500 you won't be "liberated of a time based job", but that wasn't the question of the starter of this thread.
I can only speak for myself, but it is my experience that if you have $1500, you can better put it in an investment fund than to put it to your bank account (or to start a new business).
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You are right, I guess I imposed my values upon the thread. I personally see that as the number one reason for creating passive income. How many businesses have you started? What did they cost and how long did it take for them to become profitable?