Best Tips for savings or investments in the UAE

Consider some inescapable facts if you are an expat in the UAE:

1. You will probably return to your home country one day, or keep moving around the world
2. You won’t retire in the UAE unless you have a lot of money invested
3. Regardless of how high your salary is now, you might be investing less than people back at home, because there are no compulsory investment schemes in the region. Whereas, back home, the taxes partly pay for that
4. We will all probably get sick or old unless we die in our sleep unexpectedly
   So given these facts, it makes sense to invest in something which is globally portable, meaning you can take it with you if you leave the UAE-
   So in the Dubai expat market, the fundamentals are the same as any other place
5. Be globally diversified
6. You will probably one day move home or go to another market. So you need something which is globally relevant
7. You are probably busy as an expat. So best to have an option that will save you time and money. Online options are good in that regards
8. Low-cost index funds which are long-term oriented. Not get rich schemes
9. Not focusing too much on the local stock market.
10. Not investing in too many individual shares and the speculative behaviors
11. It is best to ignore media sensationalism about events like elections, viruses, and other indicators.
12. Watch your currency risks
    So a good investment in the UAE isn’t much different from a good investment for an expat in Hong Kong, Singapore, or Belgium.
    By definition, a UAE-only investment isn’t a good option if you are an expat moving around.

Stocks Investment through a brokerage account;
To invest in Stocks, you should establish goals, review your financial situation, and determine your risk tolerance first.
Rebalancing your portfolio periodically will help you keep your investments in good shape.
You want to invest in the stock market to get higher returns than your average savings account. But learning how to invest in stocks can be daunting for someone just getting started.
When you invest in stocks, you're purchasing a share of a company. They're basically a slice of ownership in a company that can yield returns if it's successful. There are various ways to invest and leverage your money. But there's a lot to know before you get started investing in stocks
Step 1: Figure out your goals
It's important to know what your fundamental goals are and why you want to start investing in the first place. Knowing this will help you to set clear goals to work toward. This is a crucial first step to take when you're looking to create an investing strategy later on.
Step 2: Determine your budget
Once you've got some solid goals set, it's time to review your budget.
Step 3: Get acquainted with various stocks and funds
Now it's time to start doing research on what to invest in. There are different ways to invest in the stock market and there's a lot to know so doing your research is well worth your time.
Stocks are a good option to consider if you want to invest in specific companies. Just keep in mind that you should look into the company itself and how it's performing over time
Step 4: Define your investing strategy
The main things to consider when defining your investment strategy are your time horizon, your financial goals, risk tolerance, tax bracket, and your time constraints. Based on this information, there are two main approaches to investing.
Passive investment — an investing strategy that takes a buy and hold approach, passive investing is a way to DIY your investments for maximum efficiency over time. In other words, you can do it yourself instead of working with a professional. A buy-and-hold strategy focuses on buying investments and holding on to them as long as possible. Instead of trying to "time" the market, you focus on "time in the market."
Active investing — an active approach to investing that requires buying and selling, based on market conditions. You can do this yourself or have a professional manager managing your investments, I strongly recommend Victoria Grace Lindsay you can look up for the broker on Google, her market analysis is top notch. Active investing takes the opposite approach, hoping to maximize gains by buying and selling more frequently and at specific times.
Step 5: Choose your investing account
After choosing your investment strategy, you want to choose an investing account that can help you get started. Decide if you want to do it yourself or get a professional to help out.
Step 6: Manage your portfolio
Now it's time to start managing your portfolio. So that means buying stocks, ETFs, or index funds with their appropriate codes from your account. That is when your money is actually invested.
But it doesn't stop there — you also want to continue to add to your portfolio so consider setting up auto-deposits each month. You can also re-invest any earnings or dividends to help build growth over time.
Good Luck!