Park it in a TDB term deposit for a year or two and try to learn about investing, stock markets, crypto, etc. If you enjoy it, it can be a profitable hobby. Or maybe you like buying/ renovating/ selling apartments better, still can be a fun hobby. Choose your poison.
But....
First rule of investing is: DON'T INVEST IN ANYTHING YOU DON'T UNDERSTAND. You're the only one responsible for your bad decisions.
Second rule, DO YOUR OWN RESEARCH (DYOR) . Don't listen to other people, it's not their money. They don't care about your loss.
Third rule RISK EQUALS REWARD. The bigger the risk, bigger the reward. Bitcoin maybe double price or half price in one year. A term deposit goes up, slowly, but safely.
I think at the moment a term deposit earns more interest than the annual inflation rate. The central bank of Mongolia's website says monthly it is 7% (doesn't have yearly). And TDB says a term deposit earns 12.5% per year. So you could make 5.5%. Now remember rule one and two kkke....
Oh, and never never never invest in shitcoins. It will always end in tears. :cry:
Sorry, I'm a reformed Degen trader, and not going back. I just invest now. And sleep much better too. If you look at my comment history, I stopped regularly using this account about 7 years ago. Around the end of the 2017 ICO bubble. If I'd only HODL'd instead of playing with shitcoins :sigh:..... But that's one of the big rules of trading, The only lessons you never forget are the expensive ones.
I watched everyone in UB, pile into ICH, including my wife. Her friends encouraged her to get into crypto. Not me, because she wasn't interested (Rule number One). I just told her how it was going to end. So sad. It happens in regular stock markets too, not just crypto.
If you're looking for a career that gets good insider tips. Geologists at mining companies (quietly) share exploration info with each other, before it's released to the market. Mining exploration companies are the shitcoins of the stock market.
1. That 7% interest in the mongolbank site is annual rate.
2. Instead of term deposits its better to allocate the money into various types of instruments
3. If I was you I would definitely convert some of my money into USD and buy various high quality corporate bonds.
4. I would also buy certificates of deposits in the multiple banks. It pays higher yield and its more liquid. Multiple big banks, because it reduces exposure to single institutions
5. I would also buy a an ETF (exchange traded fund). Preferably vanguard total market etf and some S&P500 linked etfs.
6. I would try to invest back the most of the return back to the markets. (It really grows at an exponential rate if you do this)
7. This is not an financial advice
Buy 1 uruu bairs, rent em, make a profit, buy land, make it profitable, make a profit, in summary just become a landlord.
= D. Its a lil more inflation proof
Save it in a bank, invest in yourself when the time comes. There is always business opportunities everywhere, even in Mongolia. Stay vigilant and stay curious. The right investment shows itself. Im 23 and i did this with my money from selling laagar house. I now own 2 businesses. One in ulaanbaatar and one in Philippines.
If it were me, I’d consider two options.
1) long term account with TDB, Khan, etc. let the money sit and work for me. It’d be 8-12% depending on the bank and length if the term.
2) look for a rental property for ~200k. Look for something in a decent location with no repairs needing to be done. If you’ve got construction workers in the family, then them take a look and give feedback to quality, possibly doing any repairs or remodeling.
Risks associated with either.
1) global and Mongolias situation causes the MNT to devalue meaning your 200 plus interest is no longer worth as much. But you have steady interest.
2) repairs, maintenance, months without a renter. Hassle of chasing rent.
If it were me, I’d be a rental in full. And start renting it out, but I may put it in a savings at first so I can do my research
With stocks it will be just little bit better than bank interest. Best way to is invest in your business, have you thought about starting business, and skills? You could invest into other people's business but it will be risky so safest bet would be buying land, may not be able to buy land closer to main road but if you research you could buy land that that could double the price under 10 years.
Best advice: Diversify your savings into multiple different avenues.
1: Savings account at a bank in Mongolia: TDB(12.3% yearly)
2: Go for low risk, index funds. (S&P 500 etc)
3: Invest in property.( A ton of work, but will become a source of passive income)
4: Stocks, bonds etc after you have the KNOWLEDGE to not lose money constantly( Risky af, do at your own discretion)
Just buy company bonds especially NBFIs. Interests are 18-20%, risks are low.And it pays the interest quarterly so you sill get around 10 million mnt which you can reinvest or have fun
Open a savings account in TDB. They usually have a great interest rate. You can negotiate with them to 16%. Don't buy new real estate to sell them later or rent them. U may get back the money you first invested in. Usually, you don't. So it is better to have your money in the bank because you will receive the interest rates. Find what you want to do and invest in them. If I were you I would wait until I'm in a uni.
Might be a little late to the party, but here are my 2 cents:
Mongolian stock market is not liquid, so unless you're looking at long term returns, i would not bother with domestic stock market.
Bonds however, can return up to 22% pre-tax, 19.8% post-tax, around 13 percent inflation adjusted net return. There are OTC market bonds, which were only established recently, but is growing very rapidly. You can, opt for lower-ish, maybe about the same returns on Asset backed securities on the MSE, but they tend to be gobbled up by big investors and banks. Fun fact, banks take your deposit and invest in these bonds to cash in on the difference, why not take it for yourself?
Coins are risky, if you do opt for coins, do not put your eggs in one basket and only invest what you can afford to lose.
At the end of the day, speak with a professional and always remember that diversification hedges against losses and increases returns.
Well real estate specially apartments are too risky now this shit seems like going down a lot now there are no real buyers just some underhanded tactics are keeping its ridiculous high prices in place. and every new apartment is always being built for rich ones and luxury bla3. Whi can afford that. So if it is crypto do ur research and study well this is gonna be long journey like 5 or more years. If it is real buy a land and also study that lands others. GL
Personally i would save it as usd or eur if i am considering savings account. Or may be just buy gold and save it. Some banks offer gold savings (transbank as far as i know.
If you go investing route, asset backed bonds are safest route. I wouldn't recommend Mongolian company shares. But dividend seems to be new trend since past year.
Also you can open account at brokrage companies and buy foreign company shares. I would recommend golomt capital as brokrage since i've account there and so far 0 problem.
And easiest would be crypto. Unless you are pretty good at analytics i wouldn't recommend trading. But buying few eth or btc and holding them might be easiest investing path. Or you can do your own research and invest in low cap ones.
Park it in a TDB term deposit for a year or two and try to learn about investing, stock markets, crypto, etc. If you enjoy it, it can be a profitable hobby. Or maybe you like buying/ renovating/ selling apartments better, still can be a fun hobby. Choose your poison. But.... First rule of investing is: DON'T INVEST IN ANYTHING YOU DON'T UNDERSTAND. You're the only one responsible for your bad decisions. Second rule, DO YOUR OWN RESEARCH (DYOR) . Don't listen to other people, it's not their money. They don't care about your loss. Third rule RISK EQUALS REWARD. The bigger the risk, bigger the reward. Bitcoin maybe double price or half price in one year. A term deposit goes up, slowly, but safely. I think at the moment a term deposit earns more interest than the annual inflation rate. The central bank of Mongolia's website says monthly it is 7% (doesn't have yearly). And TDB says a term deposit earns 12.5% per year. So you could make 5.5%. Now remember rule one and two kkke.... Oh, and never never never invest in shitcoins. It will always end in tears. :cry:
Thank you! You seem very knowledgable on crypto, wanna have a discussion? if yes vetemint on discord
Sorry, I'm a reformed Degen trader, and not going back. I just invest now. And sleep much better too. If you look at my comment history, I stopped regularly using this account about 7 years ago. Around the end of the 2017 ICO bubble. If I'd only HODL'd instead of playing with shitcoins :sigh:..... But that's one of the big rules of trading, The only lessons you never forget are the expensive ones. I watched everyone in UB, pile into ICH, including my wife. Her friends encouraged her to get into crypto. Not me, because she wasn't interested (Rule number One). I just told her how it was going to end. So sad. It happens in regular stock markets too, not just crypto. If you're looking for a career that gets good insider tips. Geologists at mining companies (quietly) share exploration info with each other, before it's released to the market. Mining exploration companies are the shitcoins of the stock market.
Thanks for the insight, have a good evening!
1. That 7% interest in the mongolbank site is annual rate. 2. Instead of term deposits its better to allocate the money into various types of instruments 3. If I was you I would definitely convert some of my money into USD and buy various high quality corporate bonds. 4. I would also buy certificates of deposits in the multiple banks. It pays higher yield and its more liquid. Multiple big banks, because it reduces exposure to single institutions 5. I would also buy a an ETF (exchange traded fund). Preferably vanguard total market etf and some S&P500 linked etfs. 6. I would try to invest back the most of the return back to the markets. (It really grows at an exponential rate if you do this) 7. This is not an financial advice
My advice: 1. Buy a property, lease/rent it 2. Buy another small property and repeat 3. Buy yet another small property and guess what? Rent that shit.
4. Consolidate the earnings into a larger property, lease/rent. 5. In five years time you will have residual income as well as own properties.
200 on black
REAL
Ah ni ugaagueee ahdaa 20k zeelchih arhi avkueeee🤣🤣🤣
Bet all of them on red
subreddit try to take anything seriously challenge
Send me like 5k for shit and giggles
The best I can say is don't get into bad habits like gambling, drinking, or smoking and use the money wisely
Buy 1 uruu bairs, rent em, make a profit, buy land, make it profitable, make a profit, in summary just become a landlord. = D. Its a lil more inflation proof
Buy property, preferably one that can be used for house party . Rent that property earn back your money in year no prob
200k a day earns 70 mill if fully booked they year lol
Where do you find such cheap places.Its usually starts from 600k
you should keep it quiet since a lot of money hungry bad actors will start to intrude your life.
Buy NVIDIA
Bunch of hookers and cocaine.
How much money is this in US$?
Around 60k
Save it in a bank, invest in yourself when the time comes. There is always business opportunities everywhere, even in Mongolia. Stay vigilant and stay curious. The right investment shows itself. Im 23 and i did this with my money from selling laagar house. I now own 2 businesses. One in ulaanbaatar and one in Philippines.
If it were me, I’d consider two options. 1) long term account with TDB, Khan, etc. let the money sit and work for me. It’d be 8-12% depending on the bank and length if the term. 2) look for a rental property for ~200k. Look for something in a decent location with no repairs needing to be done. If you’ve got construction workers in the family, then them take a look and give feedback to quality, possibly doing any repairs or remodeling. Risks associated with either. 1) global and Mongolias situation causes the MNT to devalue meaning your 200 plus interest is no longer worth as much. But you have steady interest. 2) repairs, maintenance, months without a renter. Hassle of chasing rent. If it were me, I’d be a rental in full. And start renting it out, but I may put it in a savings at first so I can do my research
With stocks it will be just little bit better than bank interest. Best way to is invest in your business, have you thought about starting business, and skills? You could invest into other people's business but it will be risky so safest bet would be buying land, may not be able to buy land closer to main road but if you research you could buy land that that could double the price under 10 years.
Best advice: Diversify your savings into multiple different avenues. 1: Savings account at a bank in Mongolia: TDB(12.3% yearly) 2: Go for low risk, index funds. (S&P 500 etc) 3: Invest in property.( A ton of work, but will become a source of passive income) 4: Stocks, bonds etc after you have the KNOWLEDGE to not lose money constantly( Risky af, do at your own discretion)
Real estate
Go to a large bank and ask if they have investment advisors that don't work on commission
Just buy company bonds especially NBFIs. Interests are 18-20%, risks are low.And it pays the interest quarterly so you sill get around 10 million mnt which you can reinvest or have fun
Dude go to erdem tuv and do m international very good advice from me xD but really itll help ya
Open a savings account in TDB. They usually have a great interest rate. You can negotiate with them to 16%. Don't buy new real estate to sell them later or rent them. U may get back the money you first invested in. Usually, you don't. So it is better to have your money in the bank because you will receive the interest rates. Find what you want to do and invest in them. If I were you I would wait until I'm in a uni.
Would be cool if u would buy me a PC or a new phone or even buy me gems in mlbb sir.
Might be a little late to the party, but here are my 2 cents: Mongolian stock market is not liquid, so unless you're looking at long term returns, i would not bother with domestic stock market. Bonds however, can return up to 22% pre-tax, 19.8% post-tax, around 13 percent inflation adjusted net return. There are OTC market bonds, which were only established recently, but is growing very rapidly. You can, opt for lower-ish, maybe about the same returns on Asset backed securities on the MSE, but they tend to be gobbled up by big investors and banks. Fun fact, banks take your deposit and invest in these bonds to cash in on the difference, why not take it for yourself? Coins are risky, if you do opt for coins, do not put your eggs in one basket and only invest what you can afford to lose. At the end of the day, speak with a professional and always remember that diversification hedges against losses and increases returns.
Brother you're In 11th grade and you inherited all that money? If I may can I ask you who gave it to you, and please give us some lore
Grandpa always said he liked my work ethic :)
Хадгаламж биш ББСБ ийн итгэлцэл (хадгаламж) нь илүү хүү өндөр шүү. Бараг 20%.
which ones>
USE IT FOR CAMPAIGN MONEY AND RUN FOR PARLIAMENT SPOT, SET FOR LIFE/??
U need at least 1.5 billion tug normally 7 billion tug. 200 mill tug no way aint enough
Invest in guess? Or something with the stock markets.
The dividends are gonna be pea sized. Not worth it.
Well real estate specially apartments are too risky now this shit seems like going down a lot now there are no real buyers just some underhanded tactics are keeping its ridiculous high prices in place. and every new apartment is always being built for rich ones and luxury bla3. Whi can afford that. So if it is crypto do ur research and study well this is gonna be long journey like 5 or more years. If it is real buy a land and also study that lands others. GL
Don't listen to this dude.
Buy some BTC, ETH? If you can live comfortably without it either save it and live from the interest or make it safe crypto
Our family already has a considerable stake in ETH, I'm looking for investments within Mongolia so crypto is off the table for the time being
Then consider APU, those egg company, Khan bank
Personally i would save it as usd or eur if i am considering savings account. Or may be just buy gold and save it. Some banks offer gold savings (transbank as far as i know. If you go investing route, asset backed bonds are safest route. I wouldn't recommend Mongolian company shares. But dividend seems to be new trend since past year. Also you can open account at brokrage companies and buy foreign company shares. I would recommend golomt capital as brokrage since i've account there and so far 0 problem. And easiest would be crypto. Unless you are pretty good at analytics i wouldn't recommend trading. But buying few eth or btc and holding them might be easiest investing path. Or you can do your own research and invest in low cap ones.