Friday, October 17, 2014

Absurd in Finance is Possible too

There might be true as history tells us that there are many “absurd” or “unusual” ideas (most of them are totally unaccepted by the members of the society when the idea was conceived) that had become profitable business. One of the greatest examples is the pet rock.

Pet rocks had been a fad in the country even just for quite some time. During that time the advocate of “rock petting” had made millions of dollars out the idea. Just like any other fad, the love for a pet rock naturally died. But before it died the promoter of the idea had made himself lots of money.

Doing business is actually putting your money at risk. And investing in an unusual idea is riskier. However, without risking your money and your time would do you no good. In banks, your money is just profiting a little. Putting it in an investment could make your money, double or triple, depending on how your business fares.

On the other hand, just like in doing any other things, good planning and research can ensure you profits. So, do a feasibility study before risking your money in any business or investment.