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Jubert Anthony Fernandes | What to do with 40,000 rupees? |
i got around 40k indian rupees and want to increase it/invest it /make some profit making use please suggest,I am complete newbie to share markets and others. |
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sunny
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well, 40k rs is not that significant an amount if you are considering investment in stocks. there is always a possibility that the money might get stucked up for long period.
with 40k rs, i am sure you wanna get maximum return in short duration.you have options like buying stocks, buying gold, starting a small scale business, keep the money in bank, or keep the cash with you.
buying gold, keeping cash with yourself, and keeping it in bank aren't what i would suggest. you may look for some stocks, and wait for some time to invest in them.look, this is a pretty bad time, and your money is safest with you only. putting it anywhere is risking it.you can start some business of yours with it.
but do tell me what you did with it. because i have an equal 40000 rs and am wondering what i'd do woth them. my id is nish_shah161@rediffmail.com |
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Mr.Ash
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Give it to me! will return it in 2 months time with a interest of 3%... |
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Wonderwoman
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Don't listen to the person who said to convert it to U.S. dollars. The U.S. stock market is the worst bet in the world because you'll definitely lose your money. You can get 10% interest per annum in a Rupee Checking account in India. You should talk to an investment manager in an Indian bank. You can make a nice profit for some emerging market investment stock in India, or you can just put it in the secured CD if you don't want to take too much risk and you are going to only keep it there for a short time. Stocks you need to keep for a long time in the market. |
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sarna_anil
 |
Do not go for shares,u may loose yor pricipal amt also,deposit 10000/- in bank`s Fixed deposit(for emergency),2)RS.30,000/- go in for single premium polcy of agood co ,where u get Tax rebate ,Insurence money ge assured returns,for mor details,email,(sarna_anil@yahoo.co.in) |
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vinayan
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IMHO first decide when will you need this amount. Then enquire about investment ways beacuse short term , medium term and long term require different approach. |
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ashish k
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invest in a well diversify mutual fund for detail contact me at rak5575@hotmail.com |
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financing_loans
 |
40,000.00 INR = 828.157 USD
India Rupees United States Dollars
1 INR = 0.0207039 USD 1 USD = 48.3000 INR
So on todays market (assuming you wont have to pay bank fees to trade them in) you have 828 dollars.
So the question is what do you want to do with 800 bucks? Buy some stocks, buy some savings bonds? You might be able to get a CD.
But you have 800 bucks to work with. Have fun, throw a party, I dont know.
www.xe.com (currency converter) |
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Dumb
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where can I meet you? |
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humanist
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If you are in India put it in bank who offer the highest interest rate for shortest period,say 1 year.You may wait to observe share market. Now it is in down trend.This will continue upto the parliament election due in may 2009. You can think of buying share after elections and establishment of new govt., |
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