My response to the @Indiaunited Contest - Theme: If You Had $1,000 Today, What Would You Do?
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Having some additional money in hand, always makes us think what to do with it. As we say money is never enough, there are always many things that we would want to do with money and wish for some extra money flow. I am only talking about a money situation in a middle class person's life, where every expense is well budgeted against an income. So, if there is a situation of additional money flow in hand, I am sure there will be a big list of things to do, from which one will need to prioritize.
At this point of time if I have an additional 1000$ in my hand, with all the markets at their low, all I can think is investing this money. 1000$ in Indian rupees is 90000 INR at the given dollar rate, which is a good amount to invest and yield short term profits. I will invest in Hive itself as the current price of Hive is very luring to buy, and as the market gets a little pump I am sure within a couple of months I would get double or even more returns on my investment.
From 1000$ I can buy approximately 15000 Hive. If I power up that to my Hive account, I will earn interest of around 4% on it, and also earn curation benefits. So that will bring more returns to me. If the Hive price goes to .15 which may not take very long once the market pumps, and if I sell this 15K hive, then I will make 2250$ which means 1250$ profit and not to forget the little rewards that I have received while it was powered up.
After this I can think of spending the money on the things that are on my pending list. I believe that if there is an opportunity of growing your money then that always should be your first preference unless you are sitting on loads of money and do not have to bother for building your wealth.
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