Dear Friends.
Sorry for a non property question,my friend is moving to Texas USA, he is querying about any saving tips for the small investment.On monthly basis what ever he can put aside from his expenses he wants to put into that i.e is 500 to 1000 dollars/months
In Other word the way we have Prize bonds or Saving certificates available in Pakistan or National bonds or Mashreq Millionaire here in UAE,is there any thing available similar.
Your guidance will be much appreciated.
Regards
buy123 replied on Tuesday, June 16, 2015 09:11 AM
ask him to open account in national bonds ... and remit from usa to dubai |
Zohaib replied on Tuesday, June 16, 2015 10:22 AM
@buy123
Can you please shed some more light on the process to buy National bonds for foreigners.
I looked up the website but could not find any thing, Apparently only UAE residents or International (GCC) residents can buy National Bonds. |
Raheel replied on Tuesday, June 16, 2015 10:34 AM
@buy123
Thanks for your view but he interested to do it locally there. |
rana replied on Tuesday, June 16, 2015 12:17 PM
Have him invest in Mutual Funds. As an example Vanguard is a low cost mutual fund investment company that invests in US and other global markets. Have him pick total market index fund that will move up and down with the US economy and is fairly safe for long term investment. |
