If you have plans to start a dream business that requires a capital of $20,000 and you were able to make a savings of $15,000 which obviously isn't enough to start up the business, what would be your decision or advice?
1. Invest the $15,000 into a smaller business hoping that the returns will yield the remaining $15,000 in a short period. Note that this has the potential of failing and wasting the already-saved $15,000.
2. Keep the $15,000 while doing other work that will yield the remaining money over a long period.
Would love to see your input or a better suggestion apart from the ones I pointed out above.
N/B
This is the typical situation a friend finds himself and we are just brainstorming in what best to do.
In my country, have $15k is huge amount and you can start many business worth much profitable in the yearly such as investment in palm oil or any agricultural kinds. But depend on your skill are understanding with build up real business or likely you want to invest in bitcoin, regarding bitcoin price up every day its worth with that amount and possibility earn much profitable in the future more than $15,000.
Regarding with my fund hold on some altcoin, I prefer for investing your money in bitcoin and make good plan as long or short term trading, you can earn around 4% to 10% in daily regarding investing on the top coins such as Bitcoin or Ethereum, I believe have much profitable in the future than holding in the bank with small profitable earning and keep lower values due inflation.