Hi!
For background: I live in the US, 28, single, and make a little more than 4k USD. I save about half that amount per month. Our Family recently built a mini mansion w/ a pool in SF pampanga and I was the architech/interior designer(yes I learned how to use sketchup haha) and I'm inspired to build my own lol. But also because i wanna invest my money since it's just sitting my savings account(4.5% gain).
I have 1 mil/20k USD in PH to invest/down. Below are my options:
Option 1: Condo - 2.5-3 mil. The reason being is because I recently stayed in an airbnb in my last trip and i kind of liked the City life and I feel like it would be a decent investment.
Option 2: House Airbnb w/ pool in SF Pampanga - 5 mil. I own a 300 sqm land( bought for 1.75m in 2021, same street as where we built our vacation house)Build my dream airbnb there from scratch.
Option 3: Invest in my cousin whos experienced in the build and sell business with a promise of 15-25% gain annually. My borther who recently invested 40k USD had an 8K gain, which is 20% in less than a year.
I'd really appreciate any advice or experience or even in criticism regarding this.
For people who say invest in index fund, i have some Index funds but I'm looking for a riskier investment with higher returns. I also don't like stocks since its basically gambling.
Cheers!
For background: I live in the US, 28, single, and make a little more than 4k USD. I save about half that amount per month. Our Family recently built a mini mansion w/ a pool in SF pampanga and I was the architech/interior designer(yes I learned how to use sketchup haha) and I'm inspired to build my own lol. But also because i wanna invest my money since it's just sitting my savings account(4.5% gain).
I have 1 mil/20k USD in PH to invest/down. Below are my options:
Option 1: Condo - 2.5-3 mil. The reason being is because I recently stayed in an airbnb in my last trip and i kind of liked the City life and I feel like it would be a decent investment.
Option 2: House Airbnb w/ pool in SF Pampanga - 5 mil. I own a 300 sqm land( bought for 1.75m in 2021, same street as where we built our vacation house)Build my dream airbnb there from scratch.
Option 3: Invest in my cousin whos experienced in the build and sell business with a promise of 15-25% gain annually. My borther who recently invested 40k USD had an 8K gain, which is 20% in less than a year.
I'd really appreciate any advice or experience or even in criticism regarding this.
For people who say invest in index fund, i have some Index funds but I'm looking for a riskier investment with higher returns. I also don't like stocks since its basically gambling.
Cheers!