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Darth Vader

Where to invest or start a business in Pakistan?

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:salam:

@Haji 2003and others with know, please advise and do comment!

I am at a point financially that I can make a small investment alhamdulillah. And everyone around me is telling me to "buy a plot" and how buying a residential plot or real estate is the best >single< way forward to invest and protect your savings from the lethal effects of dying capitalism, inflation or outright robbery here in Pakistan. So I am making this little post in hopes to get views and knowledge from other Pakistani people with knowledge.

I don't have many issues with real estate, except that I have no past experience with it. I have done farming in the past so I myself have been thinking on similar related lines but as with any business there is always some risk involved. I have a few innovative ideas of my own but none around me trust me anymore after I failed to reveal a gold mine for them from farming (hehe). I also don't have a lot of decision making power, I basically gave up making my own decisions after I reverted back to doing day jobs albeit I still hate that way of life. I want one or two small assets (an asset is something that produces money) I understand that a "plot" has better chances to give good money after a year or two -if- bought in DHA or something trendy like that.

So there it is, in short. What should I do? I am asking you to help me now in this regard because opportunity so rarely arises in life.

What would you do? Share your experience or knowledge. Thanks.

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On 2/4/2017 at 9:45 PM, Darth Vader said:

:salam:

@Haji 2003and others with know, please advise and do comment!

I am at a point financially that I can make a small investment alhamdulillah. And everyone around me is telling me to "buy a plot" and how buying a residential plot or real estate is the best >single< way forward to invest and protect your savings from the lethal effects of dying capitalism, inflation or outright robbery here in Pakistan. So I am making this little post in hopes to get views and knowledge from other Pakistani people with knowledge.

I don't have many issues with real estate, except that I have no past experience with it. I have done farming in the past so I myself have been thinking on similar related lines but as with any business there is always some risk involved. I have a few innovative ideas of my own but none around me trust me anymore after I failed to reveal a gold mine for them from farming (hehe). I also don't have a lot of decision making power, I basically gave up making my own decisions after I reverted back to doing day jobs albeit I still hate that way of life. I want one or two small assets (an asset is something that produces money) I understand that a "plot" has better chances to give good money after a year or two -if- bought in DHA or something trendy like that.

So there it is, in short. What should I do? I am asking you to help me now in this regard because opportunity so rarely arises in life.

What would you do? Share your experience or knowledge. Thanks.

You have to be shrewd and think from a business perspective.  

1.) Everything involves some sort of risk. Don't ever think that anything comes without risk. So you have to have confidence in your decision making. But at the same time, you have to be smart about the risks you are going to take. You have to think it through very deeply and do your due diligence. What is the economic and social and political state of the country, city, or area where you are thinking about investing your money in? What assets are already present there which will help your investment if you decide to go through with it? What is lacking? What is the trend? Don't just think because something is very cheap and affordable that its automatically a "Good Opportunity". Don't think that because a certain crowd of people are investing in a specific area or region or doing something that, that fact alone makes it an excellent investment.

2.) Evaluate your own personal position. Sure you have money saved up and that is great. But what is your own living situation? Do you have a family? Do you have a job? Do you have to pay rent or mortgage? What are your monthly expenses? How much is coming in and how much is going out? There is many people who save a lot of money but they end up throwing it all on an idea or a business and then later they go broke because they didn't think it through properly. If or when you invest, make sure that your own back is financially strong before taking the plunge. If not then save that money for investing in yourself and your household so that one hurdle is cleared. There is an excellent saying that "Building Wealth" and "Becoming Rich" is very simple and most people unknowingly over do it. You save up a decent amount, invest a small portion of that amount in assets, and keep the rest in your bank account. Rinse and repeat.  

3.) You have to have general knowledge of regulations, economic factors, "If not this, why that" etc.

If your government is printing money and you are highly confident it will continue, then you buy Gold.

If you want to buy or invest in real estate, then of course your best opportunities will be where the city or region is in a depressed state economically. 

If you want rental income, then you have to know what factors drive demand for renters! Closeness to Jobs, Location, Crime, Universities, Schools, Convenience, Transit, Walk ability....

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