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Posts Tagged ‘investing’

When Saudis talk about investing, it’s usually about investing in the stock market…period.   Not real estate, bonds, funds, etc.   For some Saudis, the stock market is considered the easiest way to invest with less “physical” work, at least that what some people think.   Since casinos are illegal in Saudi Arabia and gambling is considered forbidden in Islam, the stock market can be the next best thing.  I know investors have to do some market research or hire a broker, but that doesn’t guarantee you will have higher return.  Otherwise everyone will do their long ass homework about stocks and bonds or spend more money to hire those soft talking sophisticated brokers.  Therefore, Saudis pick simpler ways to invest!

One way to invest in the stock market is based on your instinct, if you’re feeling lucky… go for it and pray for the best. Another common way is to ask your peers and they will tell you that they made a lot money last week on a certain stock and you should invest in it.   Of course stocks don’t stay at the same status everyday…that’s why people spend  half their lives staring at the stock screens, but some Saudis ignore the fact the stocks change and start investing in a certain stock…assuming they are going to make a lot money just like their friends.

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