well first of all never disclose ur welth on public forums,
well bro congrats bro u got a lot of money der.please take good car of it as it is halal money.
well i am in the wholesale business (well get to that later)
other advice as u have a sound amount of money "never put all eggs in one basket" my dads quote ALLAH un ko janat dey.
as for stock market it is no different then investing in your own business.
what u r doing in a stock market is u r investing in another persons business if he has a profit he will pay u if he has a loss ur capital will reduce.
so my advice rather then investing in stocks,invest in your own business. as it is a long term process and will always be yours.
now coming to the salana intrest on 1 year is 12 % with ur capital u can drag banks to 13% and ask them for a 2 % bonus on capital which they might give.maybe.
your intrest for a year is 2,080,000
although this is unislamic so strictly prohibited but this gives u an idea of how much return u get.
then again bank would give ur capital to another business and that business would make a profit and pay a higher intrest of say 18 %.
bank would settle you your 12 % and keep 6 % in their pockets which would sum up to 960,000
so my advice is take the path of "jihad" and start your own business.
try easy low risk businesses.
and please for god sake dont invest 160 lack in a business straight away.
start with 5 lacks then see how is it doing.
please be very pleasent and think very well.
always take advice from trustworthy close relatives.tw friends. always
now coming down to finding a business for you.
see businesses fall in a few catagories,essentialy
essential and non essential commodities
and then substitutes.
essential commodities. can be further defined.
rice,sugar,vegetables,oil,clothes.etc
non essential commodities.
flowers,paintings,pets etc
substitutes
tea for cofee,bike for car, sugar for honey,diesel for petrol
so with price flux ppl will go for substitutes
and then we have the high yeilding businesses. or u can call bulk quantities
rice,wheat,sugar,tv,iron,motorcycle,
then again u have to look how full is the market for such products if market has many vendors
market share is small
so you will not have a big share in the product,
do a lot of reserch,and first start of in things that u have an intrest for.
say if your into softwares,or automotive enginering etc.
once u have started it will take u some time atleast 2 years to understand the business world.
following are some good businesses in pakistan
software, rice, computer parts, vegetables,agriculture,dairy, steel,tea,
agriculture and dairy are quiet tough
but any way starting any business u will have to work very hard.'
after 2 years it will be a bit easy.
so best of luck with your new business.
ill further define,once u gime ur feed back
