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Additional Details
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Additional Details
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iskandar i | If you have 10000 ringgit to invest, what would you invest it in? |
stocks? bonds? unit trust? give me your advice please. |
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wheresmyjacketblood
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well a music studio... but what is a ringgit |
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4xMoneytrain.com
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Click on http://www.4xmoneytrain.com |
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traciatim
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If you are unsure of what to do with your money, perhaps you should consult a financial adviser. Depending on your time line of use and your risk tolerance level they would be able to start you on an investing path.
If you have any debt, pay that first, it's a guaranteed great return. |
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losangelesmoons
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(10,000 Malaysian ringgit = 2755.50412 U.S. dollars)
Since you are young, I would invest in the stock market which is risky, but appropriate for you. if you were in your 60s I would stay away from stocks and invest in more stable bonds.
Picking the right stock is tricky, and I cannot tell you which to buy because you wouldn't believe me anyway. But experts say that you should buy a stock that interests you. Say you like planes, buy a plane company stock. Say you like video games, then buy a video game company stock. There are several examples.
After you narrowed down your list, research them individually to see if they have good management, and basically great potential for growth in the next months, years... depending on how long you want to keep the stock.
And lastly, remember to be patient because buying stocks is not something you are born knowing how to master. It takes time to really understand the ins and outs. Make sure you don't buy a stock without researching it first. You can always practice by keeping track of stocks you buy with pretend money, then when you get the hang of it you can use your real money.
Good luck. |
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kksoo
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Well, I read the book on 'How to Make $1Mil in the Stock Market Automatically' by Rebert Lichello (RM30) and it is a very interesting read. This guys has invented a simple yet powerfull method to manage stocks investment with small investment say RM10,000. However, you still need to learn to pick the stocks.
Might like to try it. However, I am yet to start using his method. |
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Ariff Shah
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Dear Iskandar,
Assalamualaikum. With RM10,000.00 ( USD 2764.00 ) i would use the money to invest mini foreign exchange trading ( mini fx ). Mini fx are smaller size contracts for trading foreign exchange. 1 lot is only USD50 ( RM 181 ). With mini fx you can trade 22 of the worlds most liquid currency pairs ( subject to broker ).
I would suggest you visit Forex Capital Markets LLC ( FXCM )website to explore the world of foreign exchange trading. This is the website www.fxcm.com . Try the demo account, its free. Explore your trading ideas with risk free trading capital.
Other websites on foreign exchange trading maintain by FXCM that might be of interest to you are as follows : -
www.fxcmtr.com
- gives you online automated systems trading for foreign exchange trading and proprietary trading ideas.
www.dailyfx.com
- free daily market commentary on foreign exchange markets.
www.fxcmmanagefunds.com
- fund management website for individual investors looking to invest in foreign exchange trading under a hedge fund management. minimum investment is USD1,000.00 . average yearly returns for the past 4 years have been above 25 % per-annum
Have fund and explore !
Yours sincerely,
Ariff Shah |
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