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hmm..it is a good idea..i think the first thing to be consider is the capital for this kind of business..and from that capital how much can you earn., anyway real state is a big trend in our country so in my own opinion it is worth investing for. Good LucK

)...one of the options is opening an online account with a stock broker firm, such as Citisec, there听 are many other options, ...my friends and I are happy with Citisec (their new name now is COL Financial INc... check their website,
you could start investing for as low as 5000 pesos (500 SAR) and then work your way in an approach you're comfortable with...
good luck!
jam aguilar wrote:thanks for this info. I am still new with all of these. I will try to learn more about mutual funds and equity funds
there are options for these, i trust PhilAm Life they have the PAMI plans for such investments.... also BPI Asset management, and BDO Wealth Management...
all you can search online.....
first, determine what kind of investor you are.... do you want low risk, medium risk or high risk investments.....
investment options for expats in Saudi is quite limited, for example,听 you need to have $2000 to spare, to open an account with Al Ahli (NCB) to open a mutual fund or something..... but when go you for exit, you cannot leave that investment, you have to withdraw it.... therefore, if you are not sure to stay in Saudi for decades, there is no assurance that your investment will grow, as these types of investment demands TIME......
thank you...bow....

听 I will try to find out how I can do this here in Saudi. Probably mutual funds with moderate risk. I am not the aggressive type of investor so I don't know if I can already manage the equity fund. Just sad that I could not inquire here with a bdo rep or bpi rep to give me more info regarding this.i am a Philam Life PAMI client too, started last year..... been paying my life insurance since I was 18. (now turning 30).
I suggest, if you have the savings, start with all of them jam... as they say, do not put all your eggs in the same basket... put some with your personal insurance plan, some in mutual, and some in stocks...
i guess the only motivating factor that seems to make stocks more attractive (still more risky) is that you can monitor the progress of your investments anytime.听 You can see if you're gaining or losing. Its kind of addicting, that every little extra money I have, I send right away to my stock account to buy shares as much as I can.
Truly Rich club is optional,... COL will offer you training, as well as online assistance.听 And you have people on this site to help you start up.
Bottomline----- any of these options are way a lot better than putting all your money on a regular savings account, even on a time deposit account.听
听 -----go, go, smart 2nd generation expats!!听

my"name"is"raffy wrote:This is really an interesting topic. Im also thinking the same thing.. I don't want to spend my whole entire life as an expat. investing in the ph. seems what's been coming to my thought this past few months. I want to make a change on how i earn money. ( not only by working as an expat ). There are tons of different ways on how we can earn. But you know its not that simple. I am going for a 1 month vacation this june. ( thinking of attending some seminars about investing / business / etc. )
exactly... ..
i don't have much, but I try to stretch my savings into 3 products, life insurance, mutual funds and bonds, lastly, stock market. the first two, you just have to pay and let them take care of the rest,, with the 3rd one, you get to play with your savings, because every move is up to you.
if you want to know more about the first two products, i know someone you can talk to when you go home in June... i trust them, been working with them for more than 10 years. and all my money is still there,...
听 i think ill give it a try. who is these persons? and what they do?..regards
my"name"is"raffy wrote:aha!听
听 i think ill give it a try. who is these persons? and what they do?..
regards
i'll send you in private message
jericho_expat wrote:im so late in this conversation..... hahahha....
i am a Philam Life PAMI client too, started last year..... been paying my life insurance since I was 18. (now turning 30).
I suggest, if you have the savings, start with all of them jam... as they say, do not put all your eggs in the same basket... put some with your personal insurance plan, some in mutual, and some in stocks...
i guess the only motivating factor that seems to make stocks more attractive (still more risky) is that you can monitor the progress of your investments anytime.听 You can see if you're gaining or losing. Its kind of addicting, that every little extra money I have, I send right away to my stock account to buy shares as much as I can.
Truly Rich club is optional,... COL will offer you training, as well as online assistance.听 And you have people on this site to help you start up.
Bottomline----- any of these options are way a lot better than putting all your money on a regular savings account, even on a time deposit account.听听
-----go, go, smart 2nd generation expats!!听
where did you apply for philam? in the phil?听 yes, It is not wise to put all your money in the stock market. Many experts advised to put听 your extra money on investments. They even said that you cannot get rich on stock market alone. I guess variety is the key. I am so happy to find someone who could talk to me about these things. All of my friends seem to focus on how they will find nursing jobs in Canada, Australia, etc. They have this notion that these investments are for the rich and brainy. I need to fully stacked my emergency fund first before I invest. I've been luxurious for my first two years that is why I am only saving just now, hahahaha..
my"name"is"raffy wrote:This is really an interesting topic. Im also thinking the same thing.. I don't want to spend my whole entire life as an expat. investing in the ph. seems what's been coming to my thought this past few months. I want to make a change on how i earn money. ( not only by working as an expat ). There are tons of different ways on how we can earn. But you know its not that simple. I am going for a 1 month vacation this june. ( thinking of attending some seminars about investing / business / etc. )
hey yeah! here! here! I will attend seminars/ conference too on my vacation.听
Our work here abroad is not that stable. It is better to be prepared
"where did you apply for philam? in the phil?听 yes, It is not wise to put all your money in the stock market. Many experts advised to put听 your extra money on investments. They even said that you cannot get rich on stock market alone. I guess variety is the key. I am so happy to find someone who could talk to me about these things. All of my friends seem to focus on how they will find nursing jobs in Canada, Australia, etc. They have this notion that these investments are for the rich and brainy. I need to fully stacked my emergency fund first before I invest. I've been luxurious for my first two years that is why I am only saving just now, hahahaha.."
You can check PAMI website: You can open an account anywhere you are in the world. You can navigate the site to get info about PAMI and their products and learn from their "PAMI University". You can download the application form, fill-out, sign and send it to the nearest PAMI branch if you want to get started! The requirement is only two valid IDs. You can send the money to your family at home and let hem visit the branch for payment so they can get the receipt. Don't forget to mention my name as your Independent Sales Consultant! hehe. We can talk about the rebate!
This goes for Mr. Raffy too!
Message me for further details.
1. Don't invest in Saudi - as once they put you on Exit, you need to liquidate the investment with could generate a loss on position
2. Don't play with Stocks/Forex if you're unaware of fundamentals that drives them. Reading a few articles doesn't get you experienced knowledge of a trader.
3. Yes, it will be better to invest in your family business back in Philippines, or invest in national bonds (in phils) as they would offer a higher return
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