Nape
12-09-2004, 04:43 PM
I've been pretty busy lately trying to prepare for redeployment to the states. Just finished catching up on all of the posts. Hassan went to this bank on saturday to recieve information on investing. They provided him with a printout from the stock exchange. On the front it contains a list of all the actively traded stocks along with the current quotes. On the back were the companies that aren't trading and the reasons. All in arabic of course, but thank god he's a translator. He told me the banks balance sheets at the end of the month were written in both arabic and english. The broker he talked to wanted a minimum of 4 million dinars to open a trading account. Hassan believes he can talk him down to 1 million. Its a different world here, isn't it. He also provided me with the brokers recomendations as to which companies to invest in. It was difficult to match the companies on the sheet to the ones in my portflio. The two of us kept guessing at what the names might be. I found it pretty amusing. He also told me that the bank was very busy, and he's never seen it way. He said it was a good sign. I agree. As of right now he is going back on saturday to open the account using my portfolio. He has a list of questions he wants to ask and I'll be sure to let everyone know the responses.