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Charlie123
Joined: 11 Nov 2008 Posts: 146
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Posted: Wed Jun 08, 2016 7:07 am Post subject: High yield savings account -- 3% |
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My bank is offering 3% for a savings account. Does anyone know of a better offer in the Sultanate. Also, where else are expats putting money away, perhaps at a better rate? I'd like to get 6% on a safe investment if possible. |
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veiledsentiments
Joined: 20 Feb 2003 Posts: 17644 Location: USA
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Posted: Wed Jun 08, 2016 2:09 pm Post subject: |
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I would never invest my money in any of these countries. Though Oman is relatively stable, I always transferred my money out every couple months to my investment accounts in my home country.
I have known too many people who lost most of their life savings when a country imploded or was invaded... (such as Iran or Kuwait)
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Whatever will be
Joined: 05 Feb 2014 Posts: 303
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Posted: Wed Jun 08, 2016 2:45 pm Post subject: |
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Personally, I would invest a small amount in gold coins such as the American Eagle, Canadian Maple Leaf or the Australian Kangaroo.
While you will not get a massive increase on your investment, it is a stable emergency stack if you want to escape a country that might become unstable (e.g. death of a ruler without succession, neighboring country at war...). Cash money may not be accessible if ATMs are empty and banks are closed. Gold will buy your way out of trouble.
For a large amount of money, I would buy a property in the home country and rent it out while working overseas and then use it as a retirement place.
Good luck! |
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