What do you do with your savings?

Alphabattle
By Alphabattle

Those of you lucky enough to have some savings from your Qatar salary - what do you do with them? Where do you save/invest them? Any thoughts on best interest rates or return for 2 year period? What about converting to and from British bank accounts?

thank u for ur answers!

By anonymous• 5 Mar 2008 15:57
anonymous

I'm saving everything I have (even using the public toilet instead of my own to save on toilet paper)!

 

I want to buy a lovely home in Canada this summer so I can charge high rents and make up for all the high rent payments in Qatar.

By owen• 5 Jan 2008 01:05
owen

guys i bought the house and lot from my country not here...:)

[img_assist|nid=12867|link=none|align=left|width=|height=0]Nothing in life is to be feared. It is only to be understood.

By anonymous• 3 Jan 2008 19:29
anonymous

Owen, where did you invest? Pearl, ZigZag towers? I thought these won't be completed for some to come.

From the sounds of vickyahuja, I need to learn about the stock market. Now that I have housemaid, I have more leisure time -- time to invest in how to invest!

What are some good online sources or books (I can pick up @ Virgin Megastores)?

By anonymous• 3 Jan 2008 18:20
anonymous

Tell me ,how you bought a house, i would like to know.Thankx

Yasmona

By vickyahuja• 2 Jan 2008 11:34
vickyahuja

the indian stock market has given phenomenal returns for the last 3 years..all most all my savings is directed towards the stock market..there have been many multibagers in few months..even mutual funds are giving YOY return as 90-150%..and this story will continue atleast for some time more!!

By vickyahuja• 2 Jan 2008 11:33
Rating: 3/5
vickyahuja

the indian stock market has given phenomenal returns for the last 3 years..all most all my savings is directed towards the stock market..there have been many multibagers in few months..even mutual funds are giving YOY return as 90-150%..and this story will continue atleast for some time more!!

By silversurfer• 26 Dec 2007 19:33
Rating: 2/5
silversurfer

SS

By gregturnbull• 26 Dec 2007 17:35
Rating: 3/5
gregturnbull

Commercial Bank give 5.99% on QR accounts in their internet esavings account. Instant access too.

By dweller• 26 Dec 2007 15:20
dweller

Garantibank's web site is in English.

By anonymous• 26 Dec 2007 11:57
anonymous

Hi, May I know the bank's name ? which is offering 16.5% return... i wana check

By anonymous• 26 Dec 2007 01:01
anonymous

What savings. Ya 7abibi, we're hardly breaking-even, dawg. Doha is losing its charm.

By ChupaRustom• 25 Dec 2007 10:46
ChupaRustom

congratulations way to go merry Christmas

By owen• 25 Dec 2007 10:45
Rating: 4/5
owen

i just bought a house and lot from my hard earned money...wohooo!!!!! congratulations to me..:)

next project, small scale business....

[img_assist|nid=12867|link=none|align=left|width=|height=0]Nothing in life is to be feared. It is only to be understood.

By anonymous• 25 Dec 2007 10:37
anonymous

Cant we buy property in Doha ? being a foreigner. Sorry if you mind my elimentry question this is because i am new here in Doha.

By festerzio• 25 Dec 2007 10:23
Rating: 5/5
festerzio

I invested in real estate in Sharm el Sheikh in Egypt.

40% profit in 2 years and continuing!

Freehold property, inside compound, possibility of renting out. Dead cheap prices (80000 USD for a 2 bedroom flat), and most of all, very fast and non-stop growing market.

Just google "real estate sharm" and you'll know what I mean.

By buttercupryle• 25 Dec 2007 09:02
buttercupryle

huge investment?

我听见 我忘记; 我看见 我记住; 我做 我了解。

You can't understand until you walk a mile in someone else's shoes.

By Vegas• 25 Dec 2007 08:55
Vegas

But Buttercup...I thought you were on the verge a really huge investment???

You can't teach experience...

By buttercupryle• 25 Dec 2007 08:53
buttercupryle

I save money but not really big enough..

:)

我听见 我忘记; 我看见 我记住; 我做 我了解。

You can't understand until you walk a mile in someone else's shoes.

By anonymous• 24 Dec 2007 19:16
Rating: 3/5
anonymous

I made an investment last year, my broker called me just last week that it has gone up 60% since then. This might sound impossible for people from the West, but a lot of money can be made in developing markets (BRIC)... Brazil, Russia, India, China...

By dweller• 24 Dec 2007 19:07
Rating: 2/5
dweller

you got it wrong.

14% ofthe interest.

16.5% - 2.31% (14% of the 16.5%).

True rate is therefore 14.19%

By spicemom• 24 Dec 2007 17:58
spicemom

each time i go back home i bring my money to invest there......am lookin fwd to the new yr for an increament in allo........hehehehehhehehe

life's too short so make the most of it, you only live but once.......

By anonymous• 24 Dec 2007 12:32
anonymous

dweller...so thats just 2.5%?

Or am I getting something wrong?

By dweller• 24 Dec 2007 10:27
Rating: 5/5
dweller

One month deposit.

Tax on the interest is 14%

PM, it is possible to own property in Turkey and be non-resident.

By anonymous• 24 Dec 2007 10:26
Rating: 4/5
anonymous

The Art of Investment...:

1. Dont put all your eggs in one Basket:

Spread out your investment in - Real Estate, Fixed Deposit,

Debentures, Shares, Tax saving Deposits, Bonds etc. One can start

with what you feel more secure like Real Estate, FD etc.

2. There is "the rise" & "the fall" just like the waves in the Sea.

Never get in when the "Tide" is on the rise.

3. Learn from your mistakes.

4. Risks should be "calculated & minor Risks" not "Huge Risks".

****************************************************************

One can all the wealth in the world but still be a bankrupt. If ones expenses are higher than ones income the guy turns out to be bankrupt.

Bill Gates can gamble away all his wealth overnight.

The art of staying rich is controling your expenses (wether one earns QR 1000 or QR 1 Million) & not going overbudget.

If one is able to manage/control ones expenses wisely they will have some remaining for the rainy day.

****************************************************************

By anonymous• 24 Dec 2007 09:28
Rating: 4/5
anonymous

dweller...16.5%!!!!

Thats an awefull lot.

Whats the period of investment required to be

We used to have 12.50% for Fixed Deposit for a period of 6yrs.

but now it is a pathetic 6% for 8 years.

By anonymous• 24 Dec 2007 09:13
Rating: 3/5
anonymous

True! if you don't have knowledge in any business you will never become successful. :(

By alma wad• 24 Dec 2007 08:56
alma wad

http://yadiin.blogspot.com/

Where would you buy property ?IN Qatar ,in UAE ,in India or Europe ?

If I were a rich woman I would invest no more than one fourth of my wealth into real estate .I would invest into art pieces and tourism as well ..

By knoxcollege• 24 Dec 2007 01:46
Rating: 5/5
knoxcollege

Real Estate is the best business. Thanks to real estate I am getting richer day by day. First the rent, and the land prices are also going up.

By Apple• 24 Dec 2007 01:25
Apple

i would not recommend buying shares in the market without having good knowledge of it....or am i the only unfortunate person to lost my riyals in this business?

By pharaoh_8888• 24 Dec 2007 00:40
Rating: 4/5
pharaoh_8888

Hi Alpha battle

I think the best thing to do is go for the stock market.

By anonymous• 24 Dec 2007 00:03
Rating: 5/5
anonymous

So you don't need to be a resident to open an account. Sounds good if it's true!

Golden rules: Do to others, what you would have them do to you!

By dweller• 23 Dec 2007 23:52
dweller

Long time no see. How are you?

Foreigners can invest but probably what you ment was that you have to be resident. You may well be correct although my brother has an account and he isn't resident but has a property here.

By anonymous• 23 Dec 2007 23:49
Rating: 5/5
anonymous

I wished! but I don't think they allow foreigner to invest in Turkey are they?

Golden rules: Do to others, what you would have them do to you!

By dweller• 23 Dec 2007 23:45
Rating: 5/5
dweller

a Turkish bank account. Still 16.5% interest available

By anonymous• 23 Dec 2007 23:42
Rating: 4/5
anonymous

hey! Apple? I am going to buy a new car next week, then remind me to do some saving after that okay?

Golden rules: Do to others, what you would have them do to you!

By anonymous• 23 Dec 2007 23:26
Rating: 4/5
anonymous

Save judiciously Read Donald Trump

By Apple• 23 Dec 2007 23:21
Rating: 5/5
Apple

I always believe that real estate properties are the best investment. If you dont have any idea to multiply your savings then buy a property. By the time you decide to go home for good, you can sell it and use the money to start up business on your own.

By anonymous• 23 Dec 2007 22:12
Rating: 2/5
anonymous

back to my home country, and let my family spend them LOL

What alife!!

By sentibhim• 23 Dec 2007 22:01
Rating: 5/5
sentibhim

If other things are constant,i will open the investment bank.

"Drink Beer Save Water"

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