LOH#152 where and how i would invest if i was given 5000$ ?
The prompt two for this week's LOH#152 contest was to write about where and how i would invest if i was given 5000$ ?
Well let's firstly calculate that amount in my current currency. So im from Pakistan and today USD rate is 310 and lets calculate how much is 5000$ this way by multiplying 5000x310=1,550,000
So we get about 15 lac 50 thousand Pakistani rupees. TBH these days Gold rate is really down so we can buy about 7 gold biscuits with this kind off amount and sell them later . But personally i wouldn't invest that amount into Something that has no guarantee to profit me .
I wouldn't invest at stock market because of the current inflation rate instead . I would rather do these 2 plans .
First plan is to buy a mini van and hire a Lady driver to pick and drop Lady employees from Workplaces to their homes. As an entrepreneur myself one thing i absolutely hate is how badly women are treated in public transports . Not all can afford a car and for that they pay extra bucks to not get cat called in busses by taking Rickshaws and taxi's. Which apparently can be alot . Also uber drivers often seem shady too . So i would invest in a mini van that can be used for women transportation and help them reach home safely with like a weekly fare.
Now in a mini van you can fit 7 women easily and that way if even 7 women pay 1800 each per week thats literally half of what they would pay at a taxi and also by picking up 7 women from the same spot we are saving tons of fuel and still getting 1800x7 =12600 per week while the fuel would cost me about 5k max this way
I can make 50k a month . And also have a car that i can sell for the same price at any time .
2nd plan is my all time favorite its estate business i would invest by buying a property for less like a flat here can cost 10-50 lac . But some new project offer 15 lac for appartments i would do my research and buy a appartment and put it on rent. And collect that every month .
Property rates in Pakistan never go down and u can sell them for more money then u invested also this is a great choice because not are your investments save , you also own an asset and now you can get rent without any major expense .
So thats how i would invest 5000$ personally if i was given.
Thank you for your precious time and support ❤️
