Contest : Saving & Investment in the Global Uncertainty

shahjahan420 (55)in Hindwhale Community • 5 months ago (edited)

Aslam o Alaikum All Steemit Family
How are you All? Hope everyone doing well and enjoying their day's with family and friends. I am also fine and enjoy my day's. Today I am here to participate in this amazing contest which is organized by Dear brother. Hope everyone like my entry and don't forget to vote and support me on this platform.

Let's start our task....

Question 1

Considering the ongoing global crisis, do you think investing money right now is a wise decision? Why or why not?

Answer

Yes, we should definitely invest money in business because unless we invest money in our business and grow our business, we will never be able to move forward. We will think that we will make a profit or a loss in it, so it will not be better for us. We should take what will be better for us. Even if it does not get better, we will learn something from it. Therefore, we should invest, buy things at a low price and sell them at a good price. This should be our business line and we should definitely invest in business.

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Question 2

Which saving or investment options do you consider the safest in the current times?

Answer

Gold

I believe that gold is the most popular investment tool in today's era because its value keeps increasing and decreasing, so it is also a very good tool for making money because it keeps on increasing in value.

Real Estate

Real estate is also a good investment which is on the rise these days. In most villages in developing areas, this business is run by real estate, so this is also a good source of investment. First of all, we should create an appraised idea, then we should think of a business of our own and invest in it so that it can become a good business.

Mutual Funds or Index Funds

Offer diversification and are managed by professionals.Such works are also quite popular today in terms of business and we should definitely consider them.

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Question 3

If you had $1,000 today, what would you do with it — save it, invest it, or use it differently? Explain your choice.

Answer

If I have 1000 dollars, I will start a good business because I am a Pakistani, 1000 dollars is a good investment. I live in a village, we have a few acres of land, so I will invest this 1000 dollars in it, then I will plant a crop and from that I will get an income source, then I will grow this crop and plant it again so that my money is invested in this business and I can earn a good money. I will never keep my money because as long as it is lying with me, it will be of no use, so I will invest it in farming so that I can earn a thousand dollars instead of 1000 dollars.

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