My brother came back with mother and the maid last weekend. He asked me whether I have money to invest. Of course the answer is No. But God willing, He will provide all my needs as He has always been faithfully been providing. Anyway, my brother told me that one of his friend in interested in opening a kindergarten near his place. And she is asking my brother whether he wants to joint venture. A capital of RM10K to be injected into the venture. He is quite keen to join though he too has limited savings.
When asked about how the returns would be like, he is not sure at all. He has got a clue. So I taught him a bit on how to calculate the returns for his possibly RM10K investment. Also told him to ask his friends how much profits/returns would he get and for how long the partnership would last. Told him that it is better to invest in gold bullion if the returns offered by his friend is less than 10% of his investment. This is because the appreciation value of gold normally increases more than 10% a year.
Anyway, still waiting for the project proposal from his friend. If the projected returns is good and all other factors are positive, then I might contribute to the venture too.