Is it true that capital of 2M cannot give you a profit of 50k a month as alluded by some fellow?

Seeking Advice
21

50/50. Its basically a hit or miss

22

If you want that amount of profit from that investment I’d say do something illegal.

High risk, high return…

If you forget the law, yes, you can make alooot more profit.

23

as an established broker (not stock), you can make it, but not month in month out

24

coincoin said:
as an established broker (not stock), you can make it, but not month in month out

what you trading bro

25

What about fishing business ,you buy in Somalia for 70 sh per kilo and then sell in Mombasa or Nairobi wouldn’t that be a massive profit margin? Imagine in total per kilo for logistics you may pay an extra 50 on top

So basically 120 sh per kilo to Mombasa you sell grade 1 for 600 per kilo grade 2 for 200 and grade 3 for 150 per kilo.

They tend to mix the fish though ,so let’s say that on average you sell for 300(being generous) that’s money

Invest 2 million and I think can get 2.7 easily

26

@Kipp
These are the type of businesses people rarely talk about…Do you know anyone in this sector?

27

Ameliascarlet said:
@Kipp
These are the type of businesses people rarely talk about…Do you know anyone in this sector?

Yeah ,plus alot of Somalis do this , they have boats with freezers if you are in amu you can find them at the waterfront a little ways toward Sheila, imagine you just buy 5ooo kg

28

2.5% returns compounding monthly? If you Yolo the whole thing into the S&P 500 and don’t touch it for 30 years you should average 8% to 10% so 160K instead of 50K.

29

Brennan said:
2.5% returns compounding monthly? If you Yolo the whole thing into the S&P 500 and don’t touch it for 30 years you should average 8% to 10% so 160K instead of 50K.

Investing in a fund tracking the S&P isn’t yoloing money. That is safe

30

It’s possible to make 50k profit.If you have ever been a broker eg fertilizer broker it’s very possible

31

Interesting discussion! It seems there’s a lot of debate around achieving certain returns on capital. If anyone here is interested in exploring investment options that provide more predictable returns, I could help. There are funds offering between 8-14% interest or even 7.1% on a dollar fund, which might be a less risky way to grow that 2M capital without needing to navigate the complexities of starting a business.

32

You can get an FD at 18% per annum which would give you 360,000 which is 30k per month, which is profit

33

Jaime said:
You can get an FD at 18% per annum which would give you 360,000 which is 30k per month, which is profit

Which financial institution inaeza kupea 18% for 2m?(Actually asking)Then kumbuka tax ya 20%

34

Jaime said:
You can get an FD at 18% per annum which would give you 360,000 which is 30k per month, which is profit

The best FDs in the country max out at 14.5%. But even with your exaggerated rates, you still won’t clear 50k net.