It’s an absolute delight to watch how far Dubai has come in a few decades. It used to be an improvised desert region but now has become one of the biggest economies in the gulf region. Saving money is of top priority in Dubai but unfortunately, only a few people can achieve a secure comfortable retirement and get their financial goal fulfilled. According to a survey the majority of people living in Dubai can save only ten percent of their income and only three out of ten people save money. They need proper financial guidance. You can always contact Sanjay Chaudhary, a renowned financial expert currently working with Koda Financial Consultancy. Sanjay Choudhary Koda Financial Consultancy also provides multiple financial services.
All the best financial advisors in the world have the same thing to say that if you are determined to save money they will make their money grow. Here are a few things you can do to save money in Dubai:
Invest in Stocks: For those who do not belong to the high net worth segments, investing in stocks is always a great option. There are a lot of affordable good shares in the market and you can buy them from your favorite companies. To have a diverse portfolio, you must buy multiple stocks. While buying stocks you must seek services from a discount broker and not from full-time professionals as they only work with rich investors who have a lot of money to invest and make a high minimum deposit. If you want to save the brokers’ fees money, you can directly buy shares from the company.
Exchange-traded Funds: Just like the company stocks, the exchange-traded funds can be bought through a broker. There is no limit in investing shares. It uses pooled money from a lot of people to acquire a diverse portfolio that may include bonds, stocks, and commodities. These are traded like stock and have the records of offering good returns.
Mutual Funds: You are busy and you do not have enough time to research on stocks, small investments and stocks to park your small amount of money mutual fund is the best option for you. When you choose this option an expert manager will do the homework for you such as choosing secure options in stocks and bonds that might make your money grow. The best part is that you do not need a huge amount of money to start investments.
Real Estate: Of all the investment options in Dubai, real estate is the best option in recent times. Investors around the globe are trying to invest in real estate in Dubai. The prices of property in Dubai are lower than the other global cities in the world such as London, Sydney, LA, New York, etc. It is located in the central part of the east and west which increase the demand of real estate in this city. The builders ensure quality constructions.
Purchasing anything with your hard-earned money it is always the best option to refer to a financial expert. Sanjay Chaudhary is a financial expert who works with Koda Financial Consultancy. You can contact him. The consultancy also provides multiple financial services.