savings bonds
i was interested in purchasing savings bonds or something similar in my childrens' name. which banks offer such products and how good are they? so far i have just found the mashreq millionaire bond by the Mashreq bank and the Al Dana scheme from Doha bank. which is better and are there other such schemes? what are the prizes and in what frequency?please share experience.
thanks in advance
ah! so that's why when an agent from mahreq called me, she was offering that if i open an account w them il be eligible for their millionaire raffles. when i asked her about the details of the interest rates and other investment options, she couldnt even answer what's the interest rate for the product she's offering! tsk3x...
thanks guys..
guys, have alook at this before approaching mashreq bank..
http://www.qatarliving.com/node/111855
http://www.qatarliving.com/node/123976
http://www.qatarliving.com/node/11176
http://www.qatarliving.com/node/134770
http://www.qatarliving.com/node/94587
guys pls don't get in trap.. i was a victim my friend is a victim.. you can see it in first thread.
Tc..
You don't have to be an Indian to invest in India or to want to invest there. India has one of the fastest growing economies in the world! Everybody wants a slice of India's pie. I'm not an Indian and I have investments in India and some other places.
thanks, and i am not indian!
Commercial Bank has a few good investment products (target notes, mutual funds, bonds etc.). Unfortunately most are not open for subscription right now. But they've quite a good mutual fund (Al-Waseela fund) that's open to both Qataris and foreigners that primarily invests in the GCC markets. But if you want to invest in India, they're an agent of some Kotak funds, which have shown quite impressive performance. And no, I'm not an agent nor do I work with the bank. Just sharing some info with fellow investors.
If you wish to invest directly in india you would require a PAN and a NRE bank account. As for the citibank contact, PM me your contact number and i'll forward it to my relationship manager
Hi rlasrado....nice to read ur post...infact i am looking at some long term investments too..mutual funds would be a great choice for me...but I dont have much idea in stock market...Would appreciate if you could get me a link to ur relationship manager in citi bank...
By the way..i dont have a PAN card as of yet..is it mandatory requirement to invest in mutual funds managed by Citibank..?
Thanks in advance..
Sky is correct. They all work like a lottery. Instead look at fixed deposits which would earn you interest - risk free else look at investing in mutual funds. Obviously investment in fixed deposits would be the bank which is providing the highest rate. Do invest in recognised banks -QNB, HSBC, CBQ etc
I personally, invest some amount in mutual funds (india) and directly in equity (india again) - they both have done very very well last year. I also have investments in Mutual funds (globally) managed by citibank Bahrain. Here i invest in mutual funds around the world - BRIC, gold, East Europe, China etc. Citibank manages it for me. PM me if you want details of this and i'll ask my citibank relationship manager to give you a call.
Both the Mashreq Millionaire (Mashreq Bank), Al Dana certificate (Doha Bank) and the third one My Hassad certificates (Ahli Bank) are working like lottery only. In these certificates, the invested capital is guaranteed and can be claimed back at any time. No interest will be paid to the invester. However the certificate holders will be eligible for monthly and quarterly draws... if you are lucky you can become a millionaire.
In short, these certiciates are making the related banks richer and richer... This will continue as long as there are people longing to become millionaire by overnight.