'Emirates' pilots financial advisors
Join Date: Sep 2006
Location: Dubai
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Nightie,
No offence, but I'm not suggesting anyone EVER do a fast track course. You get a pilot to fly your family 'safely' from A - B. The incentive for the Pilot to get from A - B is as much for his survival as the said Family. A financial advisor doesn't give a sh1t about you, EVER! PERIOD! He will only care about his own financial gain, himself and future business. Can you really blame him if he doesn't make you money? Nah, cos' you willingly gave him control of YOUR money.
Guys, it does take effort and time, but you can do it without relying on anyone else. I'm sure there are good financial advisors out there, but I'd suggest you make the time to learn the basics. It's not that difficult and really doesn't take that long. You owe it to yourself and your Family to look after YOUR money. But if you really believe a FA wants to make you rich, go ahead...it's your hard earned cash
just my opinion of course
No offence, but I'm not suggesting anyone EVER do a fast track course. You get a pilot to fly your family 'safely' from A - B. The incentive for the Pilot to get from A - B is as much for his survival as the said Family. A financial advisor doesn't give a sh1t about you, EVER! PERIOD! He will only care about his own financial gain, himself and future business. Can you really blame him if he doesn't make you money? Nah, cos' you willingly gave him control of YOUR money.
Guys, it does take effort and time, but you can do it without relying on anyone else. I'm sure there are good financial advisors out there, but I'd suggest you make the time to learn the basics. It's not that difficult and really doesn't take that long. You owe it to yourself and your Family to look after YOUR money. But if you really believe a FA wants to make you rich, go ahead...it's your hard earned cash
just my opinion of course
Only invest in a country preferably your own that is regulated. The same returns are possible everywhere dont sit on the back of Dubais glitz.
Also has anybody ever thought what would happen to your investment if you were sacked and thrown from the country you wouldnt see one penny ever again.....................
Also has anybody ever thought what would happen to your investment if you were sacked and thrown from the country you wouldnt see one penny ever again.....................
Join Date: Jun 2005
Location: MIDDLE EAST
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So If I own a house here in Dubai and got sacked next week, I lose the house? I don't think so!
Plenty of people invested here in Dubai and don't even live here. You'd even get your own Provident B & C fund returned so what you're saying is incorrect.
Please don't spout off nonsense.
Plenty of people invested here in Dubai and don't even live here. You'd even get your own Provident B & C fund returned so what you're saying is incorrect.
Please don't spout off nonsense.
Dont bet on it Cod, if you have loans here in Dubai and you default you can lose your entire property 100% even if it was the last repayment. It happened to me and i was forced to sell at a below market price to avoid losing a property.
Join Date: Feb 2008
Location: Solar System
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There is plenty of possibilities to self manage your investements. On line trading on equity or funds it is quite easy and you can also find a lot of information and technical sites the explains how the various financial instruments works.
I'm doing this since 7 years and I had better return that all the managed investements i could compare. It is a little bit like the plumber that comes to your house to fix the tap...proably its just a matter of tighting a screw but he knows you don't know a s##t about it and he charges you a 100 bucks....
So I strongly .. agree stay away from financial advisor especially in Dubai.
Stay away from property for the next 24 36 months unless you have lots of cash and willing to speculate...on the skin of the indian workers..but i doubt that it will still work..anyway.
You want a hint? Go green energy!! But... just curiosity... unless you are from the US just explain to me... with dollar at its minimum ( euro 1.504 )... where do you find all this money to invest? My salary is getting lower then my previous one..and i stopped calling the cleaners...i clean myself!
Bye the way...no...I'm not revolucionpilot in disguise... he is not the only one with a culture in this company..eh eh eh.
I'm doing this since 7 years and I had better return that all the managed investements i could compare. It is a little bit like the plumber that comes to your house to fix the tap...proably its just a matter of tighting a screw but he knows you don't know a s##t about it and he charges you a 100 bucks....
So I strongly .. agree stay away from financial advisor especially in Dubai.
Stay away from property for the next 24 36 months unless you have lots of cash and willing to speculate...on the skin of the indian workers..but i doubt that it will still work..anyway.
You want a hint? Go green energy!! But... just curiosity... unless you are from the US just explain to me... with dollar at its minimum ( euro 1.504 )... where do you find all this money to invest? My salary is getting lower then my previous one..and i stopped calling the cleaners...i clean myself!
Bye the way...no...I'm not revolucionpilot in disguise... he is not the only one with a culture in this company..eh eh eh.
Join Date: Jun 2001
Location: Middle E
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IP. If your online equity trading is resulting in you having to cancel the cleaners, then you might as well let your dodgy plumber invest for you.
As I said, lots of stories of fast track financial experts.
As I said, lots of stories of fast track financial experts.
Join Date: Feb 2008
Location: Solar System
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I sure don't use my investments profit to pay the cleaners.. I reinvest. I use, better, I used my salary that is constantly shrinking....Mein got 1.5091 dollars for one euro....now.
I'm not playing the part of the guru..I'm not.
I just followed the market very closely in the last 7 years and i have my ideas..ideas that last year paid me 1.5+ emirates yearly salary.
Then everybody does what he feels like... The hint was just a hint..that's it.
Look at Gamesa...sold it at 130% profit ..time to get back on it..
Cheers
I'm not playing the part of the guru..I'm not.
I just followed the market very closely in the last 7 years and i have my ideas..ideas that last year paid me 1.5+ emirates yearly salary.
Then everybody does what he feels like... The hint was just a hint..that's it.
Look at Gamesa...sold it at 130% profit ..time to get back on it..
Cheers
Join Date: Oct 2010
Location: Dubai
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Very surprised with the earlier comments by BIKKERDENNAH and neh13. I have been using the same advisor (Brian Stoneman) for more than 3 years and am more than happy with the ongoing advice and service that he provides!
It's true that most brokers are 'here today and gone tomorrow' and only interested in the fast buck and selling you more products. However, this guy is still here, i receive regular updates and valuations and not once has he tried to flog me any more!
Speak as you find i guess but my personal experience and investment returns have both been positive.
It's true that most brokers are 'here today and gone tomorrow' and only interested in the fast buck and selling you more products. However, this guy is still here, i receive regular updates and valuations and not once has he tried to flog me any more!
Speak as you find i guess but my personal experience and investment returns have both been positive.
Join Date: Feb 2002
Location: Dubai
Age: 52
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I don't mind paying a small fee to get good returns. My dad uses a guy in SA who takes 0.5% commision of any profit he brings in. Surely if a guy makes more money on your investments if they do well, it will be in his best interest to keep making more for you.
Is there anyone in Dubai who works on this principle?
Is there anyone in Dubai who works on this principle?
