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Here are some awesome apps for investment:-
1.Groww
All in one app- investment in Mutual funds,stocks,IPO,FD,Gold.
Link:- https://app.groww.in/v3cO/61bcf14
2. Cred
For managing all credit cards at one place. Think as someone is paying you for your credit card bills.
Link:- https://app.cred.club/spQx/ce090339
3.INDMoney
Invest in foreign stocks and efts. As you need to diversify your portfolio.
Link:-https://indmoney.onelink.me/RmHC/9cb8da54
4.WazirX
Its my favourite for crypto investments.
Link:-https://wazirx.com/invite/j9kk5ted
5.12%club
For parking your emergency funds and getting 12% p.a is exceptionally good.
Link:-https://twelveclub.onelink.me/2Cmd/25922c
Never put all eggs in one basket.
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Rising Star
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What's the salary range for a director at the Gilead Sciences foundation? There is a position perfect for me, but I don't want to throw my hat in the ring if starting salary isn't $180-190k. Also, any thoughts on the stability of their philanthropic commitment? There's talk of a recession; I don't want to go private to be cute a few months later.
Additional Posts in The Worklife Bowl
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What’s your quarantine song?
Conversation Starter
Enthusiast
Enthusiast
Olympus Has Fallen - COVID19 Edition
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Chief
We didn’t listen!!!
Pro
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OP I was in the same position as you - also 33 but but no kids. I put $800k in a 2% cd to reserve for down payment and life stuff, then I have $400k reserved for a variety of etfs. I have about another $250k which I’m willing to bet on riskier investments. I’ve looked into personal grooming shops in nyc. The one I looked at is owned by an older woman, cheap rent in midtown, 5 employees total and before the shut down was backlogged for 4 weeks in bookings. Still have to review balance sheet before I seriously consider but glad to know others are thinking the same.
Good to see this, let me know if you want to collaborate, this could work better as a small angel group with a variety of skill sets to offer
Chief
You’re using the term “digital” pretty broadly. Is there a specific area you’re focusing on?
While margins can be high and buying prices will be low, some sub-industries of digital products can be ruthlessly competitive and unstable.
I think it’s only worth it if you know the industry you’re getting into. I’ve seen a lot of people with finance backgrounds try to break into tech and digital and completely flame out.
If you’re just making websites and creating a digital ecosystem for a local bakery or something then that’s a lot more safe.
Chief
Got it. So you’re taking small local businesses and equipping them with different digital capabilities to keep them open now, so you can make money on them after this all blows over?
Good luck, could work out if you pick the right businesses 👌
Chief
Why would they want your investment when they can get free money from the SBA?
Not true SC2. The 349b fund will run out soon but still funds left
I see a ton of small businesses suffering - ones earning $500-$2M a year with 3-5 employees. I’m in NYC, it’s sad too see the commercial businesses on my block, especially the rather simple ones like dry cleaners, diners, salons, kids stores. Etc.
I was extremely lucky and right before all of this I was going to tie this money up into equities, markets, etc but never pulled the trigger as I was interviewing portfolio managers. I’m in digital tech, engineer and now management. My idea would to in the short term pivot these businesses to handle digital demands, take equity/ownership, offer cash to owners to take care of steep debts and allow them not to declare bankruptcy.
They are projecting that 40-50% of small businesses will be destroyed due to COVID
Pro
This depends on your risk profile. If you’re going to retire soon, hell no.
I’m 33, have a two kids (3 and 6 mos) currently renting in NYC, the cash came from a very timely apartment sale last year before housing started to dip and now this. I rolled it into 6 month CDs before rates slipped and now I need to make some decisions. The cash is for my next housing purchase so I want to be conservative with it, but if I can float my rent in NYC (fortunately still have a job with a high base) and living expenses for next 5yrs. I believe a solid rev stream could be built that is passive and building equity for larger valuation
Chief
1) what do the businesses do?
2) what is their cash position?
3) what’s the expected IRR?
4) how much additional leverage can you add to pump up those revenue numbers?
1. I want to focus on businesses that could leverage digital as a mechanism for 20% overall growth both to top and bottom line. That’s where I can bring immense value.
2.3. Haven’t opened up excel yet to build my models and macros
4. I think I could grow 20% in this environment leveraging digital in some business ecosystems. Lower operation costs - maintain/grow top line with additional sales channels...
I think this can definitely be a smart move but there is a lot to consider. I don’t think it’s something Fishbowl can help with. Needs to be discussed with SO, and professionals who would guide or advise you during the process.
Conversation Starter
I would consult a financial advisor, not this app
Rising Star
I think the hardest part of doing this is finding good businesses that need an investment. Unless you’re plugged into the brokerage industry or know some small time bankers I don’t see how you’d find anything worthwhile
Pro
Just watch all seasons of The Profit. The guy usually rights checks of 100-500k. Will give you an idea of what kind of things you can buy. Granted most of his ghetto PE improvement focuses on him leveraging his existing buskness network and contacts for sales (eg getting into the meeting with massive retailers much easier or putting items on display at his other businesses).
Pro
Yes maybe the owners but there are Def businesses that I wouldn't have thought of as potential investments or even had a clue that they could be making such amazing margins