2006-11-06 01:49:59 · 2 answers · asked by randalsteak 1 in Business & Finance ➔ Investing
20,000 Dirhams is about $5,400 US.
The answer depends on whether you will need this money in the next 3 to 5 years, what your attitude to risk is and whether you have any other investments already.
In general terms you should try to make sure you are diversified. The Gulf market is very over-valued at the moment. so I would suggest you do not buy local stocks. Dubai have just opened a local Exchange in an attempt to become the financial capital of the Arab world so there should be no shortage of brokers. You are going to have to do some research but I sugggest you open an account and buy low cost actively managed mutual funds with a decent performance record investing in the US and European markets. Wait for the local market to fall (it will) and invest in large well managed local companies that you have some experience of. Examples could include the local mobile phone company, a bank or a supermarket chain. Once you have some experience and profits under your belt you can start to move some of the money into more risky stocks with greater growth potential.
2006-11-07 00:20:55 · answer #1 · answered by popeleo5th 5 · 0⤊ 0⤋
ask again.......next time convert those into US dollars and someone will respond........include how long this money will is to be invested and for what purpose
2006-11-06 04:29:23 · answer #2 · answered by bush deathgrip 2 · 0⤊ 0⤋