What should I do with a $100,000 inheritance?

[Angela Davis]

Open a school or an orphanage. Money isn't everything.

I am about to get $100,000 cool inheritance on my hands soon. I am thinking of putting majority of it
in a saving and investment accounts, the rest in shares. I want to make my first million before I reach
35.

 

[Gibiin-Udug]

Take me to an all expense paid trip to Maldives. I will name my first born after you.

 

[Abdalla]

Spend it on ongoing sadaqah like building a well

 

[Steamdevolopment]

Donate a portion to drought victims in Somalia

 

[Transparent]

Invest the bulk of the inheritance and save some to pay sadaqah jariyah like building a well.Best of both worlds,literally.

 

[dhegdheer]

Put it in savings, specifically high interest ones

 

[Steamdevolopment]

Put it in savings, specifically high interest ones

What she is saying is bet on Donald Trump impeachment :siilaanyolaugh:

 

[Inquisitive_]

I am about to get $100,000 cool inheritance on my hands soon. I am thinking of putting majority of it
in a saving and investment accounts, the rest in shares. I want to make my first million before I reach
35.

Stay away from stock markets, what you are seeing is a great bubble that will burst at any moment and returns are absolutely whack and have been for decades.

Rule of thumb, if you do not understand at least 90% of what you are investing in, and what I mean is everything, from it's very inception, growth track throughout the years and performance

DON'T invest at all, you will only loose your money as a retail trader, the professionals in hedge funds and investment banks will rob you and this is coming from someone that has worked in that industry for more then half a decade. You will never compete with them and the whole thing is rigged anyway and overvalued ridiculously.

Third or second world countries is were you will make real money, the opportunities are endless, but stick your money in an Islamic bank until you educate yourself enough, more then a decade ago, I bought several plots of land in Mogadishu and people thought I was crazy, even invested in fencing and employing a watch guard.

I sold 3/4 of them during the height of piracy when their valuations were ridiculous, with returns that boggles the mind, keep it in the bank, study and wait for the opportunities, currently there is a bubble in Somalia, it's not a good idea to start buying unless you know something.

Did you take a look at plots of lands in Berbera near the proposed UAE base ? it's probably already too late, but you never know, because Somali's are sometimes very slow to react.

 

[Shamis]

Open a franchise, you'll not regret it.

 

[dhegdheer]

What she is saying is bet on Donald Trump impeachment :siilaanyolaugh:

Your money will always be safe in the bank where the orange troll can f*ck it up

 

[Bohol]

Put it in savings, specifically high interest ones

And buy that Greek villa somaha.

 

[Bohol]

Put the whole fuckin thing in facebook shares.

The sooner you dress up your money, feed it breakfast, tie it's shoes and sent it out into the market, the sooner it will return back home plumper and heavier.

Putting all your eggs in one basket isn't a good idea. It is like betting on red or black on the roulette, it can all disappear in less than
a minute.

Waryah @Duke of Bohol

Invest in real estate. Build a couple of apartments on your land, its super cheap. Building a house in Somalia is 20k, so I think an 3 story apartment building is enough for you.

Building a house in backhome isn't worth it, at best you will get $300 rent. Even hotels and apartments don't make much unless you are
the hosting the UN like (Ambassador hotel).

Stay away from stock markets, what you are seeing is a great bubble that will burst at any moment and returns are absolutely whack and have been for decades.

Rule of thumb, if you do not understand at least 90% of what you are investing in, and what I mean is everything, from it's very inception, growth track throughout the years and performance

DON'T invest at all, you will only loose your money as a retail trader, the professionals in hedge funds and investment banks will rob you and this is coming from someone that has worked in that industry for more then half a decade. You will never compete with them and the whole thing is rigged anyway and overvalued ridiculously.

Third or second world countries is were you will make real money, the opportunities are endless, but stick your money in an Islamic bank until you educate yourself enough, more then a decade ago, I bought several plots of land in Mogadishu and people thought I was crazy, even invested in fencing and employing a watch guard.

I sold 3/4 of them during the height of piracy when their valuations were ridiculous, with returns that boggles the mind, keep it in the bank, study and wait for the opportunities, currently there is a bubble in Somalia, it's not a good idea to start buying unless you know something.

Did you take a look at plots of lands in Berbera near the proposed UAE base ? it's probably already too late, but you never know, because Somali's are sometimes very slow to react.

I agree, stock markets is like playing roulette. My grandfather had some lands in Berbera near the beach, but I personally own a land on the
Hargeisa - Berbera road area where land prices are already rising fast.

Open a school or an orphanage. Money isn't everything.

It is better to invest that money then later when it grows, spend of some it to build a water well or school or something beneficial
in your ancestral town/village which is something I intend to do in the future inshallah.

 

[Bohol]

Take me to an all expense paid trip to Maldives. I will name my first born after you.

Only if you marry me.

 

[merka]

Open a franchise, you'll not regret it.

This is a great idea. But make sure you're the owner of the store and not a franchise manager.

 

[Bohol]

Open a franchise, you'll not regret it.

Good idea. Fast food is all over the place in Hargeisa already, not many good ones though so there is
a potential there.

 

[Hemaal]

Invest in one of those companies back home, 100% profit guaranteed sxb!

 

[Shamis]

Good idea. Fast food is all over the place in Hargeisa already, not many good ones though so there is
a potential there.

Why Hargeisa when you can open a Burger King or Costa in the UK and make 100,000 a year.

 

[Shamis]

This is a great idea. But make sure you're the owner of the store and not a franchise manager.

I meant owning it, he could make his money back in a year and live the good life thereafter.

 

[Canuck]

100, 000 is nothing nowadays, but you can invest them in telecom companies in Somalia. Or open exporting frozen fish company (90 millions in Egypt and 100 millions in Ethiopia) are waiting for Somali fish.

 

[Bohol]

Why Hargeisa when you can open a Burger King or Costa in the UK and make 100,000 a year.

Too much tax in the UK.