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Suggestion please


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#1 Gabriel

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Posted 28 August 2011 - 10:34 PM

My uncle is 60 years old retired person. He has got a huge amount of money from retirement. Recently he is wondering about he should invest this amount or start a little business. If any advice, please....
Thanks in advance.

Edited by Gabriel, 28 August 2011 - 10:36 PM.


#2 Kenneth

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Posted 30 August 2011 - 04:49 PM

Thats a hard question, very.

What are his interests? What does he enjoy doing? Any hobbies?
And, where does he live?

An example; If he enjoy fishing and create his own tackle (flies etc), then he should contact local fishing stores (tackle stores) and sell hand-made flies etc.
It all depends, does he have some skills he can profit from? That is probably the easiest solution :)

Tell us about him and what he have been doing in his life (work/hobby related).

#3 Bernard St-Pierre

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Posted 03 September 2011 - 07:45 AM

I tend to agree with Kenneth's post. Surely, he must have a hobby. What does he have Talent with? Tell us more...but tell him to not get involved in anything for now and be patient...Whatever amount of funds he was left with, if he gets involved with just anything, he will lose it all quickly. There are many sharks out there that look only over their own interests.

Bernard

#4 Selijames

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Posted 08 September 2011 - 02:04 PM

Hi,

I would here suggest your uncle to safe his hard earned income into the Senior Citizen Savings Scheme. The scheme has been exclusively started for the senior citizens. The benefits include safety of your money with regular cash flows with reasonable interest rates and high limit of investment.

#5 behappy

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Posted 09 September 2011 - 10:14 AM

I agree with Selijames, investment plan with lower risk is much better than starting a new business for a retired person.

#6 stevenkadlec

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Posted 09 September 2011 - 08:27 PM

Ive done both- offline and online businesses. I really love the online business model- work once and get paid forever.

If he has capital, everything can be outsourced from the get go. I know thats what I would have done if I started out with capital.

#7 Paralin

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Posted 12 March 2012 - 07:43 PM

View PostGabriel, on 28 August 2011 - 10:34 PM, said:

My uncle is 60 years old retired person. He has got a huge amount of money from retirement. Recently he is wondering about he should invest this amount or start a little business. If any advice, please....
Thanks in advance.

I think he should go with property business. Therer is really a dreat boom in Dubai property and apartments business is at its peak so I would like to recommend you this business. Buy an apartment and earn much more from this business. You may also search on Google to find more (spam removed) tips but in the age of your uncle, I would like to recommend him that he should invest in Dubai real estate.

#8 Forum Admin

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Posted 12 March 2012 - 08:02 PM

Paralin, you really should stop spamming on websites you know..

See this: Ratracewinner.com are spammers

#9 Paulie Boy

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Posted 12 March 2012 - 08:18 PM

Ouch!!

#10 Forum Admin

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Posted 12 March 2012 - 08:29 PM

Ouch, Indeed, Paulie.

#11 Brian Snipes

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Posted 09 May 2012 - 10:02 PM

I would tell him to go to his bank and speak with a finance officer.


They would be much more helpful and he'd be less likely to get scam advice.






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