6 replies to this topic

[MyGoogle]

The name is Jarrod. Im fairly young guy trying to get in a better financial situation. I know the Dinar is speculative and a roller coaster at times. It seems like the ISX is a safer bet to make a little bit of money. I just read a thread about investing in shares for 1IQD; I hold $475,000 so if i understand it correctly i could potentialy have 475K of possible stocks through the ISX. I dont know much about investing, other than the dinar "kool-aid" a friend gave me to drink on and on impulse bought what i could afford to be without at the time. So if there are any ISX veterans who know where i could look to do research or if they have a stock broker they trust, or any insight at all i would greatly appreciate it. Thanks in advance

[rightsonword]

The name is Jarrod. Im fairly young guy trying to get in a better financial situation. I know the Dinar is speculative and a roller coaster at times. It seems like the ISX is a safer bet to make a little bit of money. I just read a thread about investing in shares for 1IQD; I hold $475,000 so if i understand it correctly i could potentialy have 475K of possible stocks through the ISX. I dont know much about investing, other than the dinar "kool-aid" a friend gave me to drink on and on impulse bought what i could afford to be without at the time. So if there are any ISX veterans who know where i could look to do research or if they have a stock broker they trust, or any insight at all i would greatly appreciate it. Thanks in advance

Hi Jarred. A lot of the stocks on the ISX are 1-5 IQD per share on average I'd say. Personally, I think investing in the ISX is a great opportunity in the long run (years). A lot of members here use Al-Jazera brokerage company. Their information is on some threads on the ISX page. They have no minimums per order and only charge a 1% fee per transaction. I believe some members use another brokerage firm, too (NOT WARKA!!!!), so they may be able to point you towards their information since I only use Al-Jazera.

Keep in mind that when you send a wire, it'll cost you close to $100 per wire. So, take that into consideration when determining how much money you are going to wire.

One last note: If Iraq decides to LOP the currency, they will, from my understanding, also adjust the number of shares a person owns to reflect the change in a company's worth. So, if they lop 3 zeros, your 100,000 shares will become 100 shares. BUT, in the long run, the ISX has a lot of potential for gains LOP or RV in the long run. Think 10 years, not tomorrow. I hope this helps. And check the ISX website to look at the stocks available. I'm hardly an expert, but there is one key rule to investing: Diversify. I'm a very small player, but I own a few stocks in every sector minus a couple.


ISX website

[haymon]

If you mean by $ 475,000 USD, that can buy a lot of dinar. If you mean 475,000 IQD, that's a different number, but worth investing in the ISX.

[TrinityeXchange]

also note that if you are currently holding hard currency stored in your shoe box, you will NOT be able to mail it to a broker or banker for stock purchases. a few years back investors were able to do it but the regulations have changed and it is no longer permitted. so to purchase stocks on the isx with the iqd you have on hand, you will have to sell it for united states funds and wire those funds to an iraqi bank.

[MyGoogle]

If you mean by $ 475,000 USD, that can buy a lot of dinar. If you mean 475,000 IQD, that's a different number, but worth investing in the ISX.

lol yeah in dinar not dollars, how to i begin to invest, can i invest through a US site or company, or do i have to get a passport and all that other stuff to begin to invest

also note that if you are currently holding hard currency stored in your shoe box, you will NOT be able to mail it to a broker or banker for stock purchases. a few years back investors were able to do it but the regulations have changed and it is no longer permitted. so to purchase stocks on the isx with the iqd you have on hand, you will have to sell it for united states funds and wire those funds to an iraqi bank.

would i be able to deposit dinars or wire dinars to a new account. I'm not an investor by any means, a friend made me drink the $4-5 koolaid and i bought in only with $500, i know this thing is speculative so i have always remained grounded, but i dont want to wait for the RV to come to me if i am able to use my dinar and re-invest into the ISX. Which i see as the better of the investments to increase my capitol.



I have done some looking into it and what im coming up with is sending 3 forms of ID to an Iraqi Bank like Warka. Im not completely comfortable with this, so i wonder if there is a way to invest from the US into the ISX.

My opinion is the ISX is only going to explod into a great stock market, with all the overseas investors being drawn to Iraq. So i would like to get involved asap.

[Goldiegirl]

The best way for you to learn is to read EVERY thread in the ISX forum. There is a tone of information there. I don't think there is a post I've missed.

This is the only way you are going to truly learn for yourself and not rely on others for your information and decisions.

Solid investors have your answers, they are in these posts. Good luck with your adventure and happy studying.

[matthew6:19-21]

There will be a reverse stock split on the ISX once the rv happens. Done research on this, do your own. This is not a bad thing for us. We will have less shares ie split in half for example but then the price per share will then double. Like I said do your own research and post what you find. Something has to happen to these companies on the ISX or they will end up worth more than Facebook, google , and Microsoft just to name a few immediately following an rv. The ISX is a great investment for the long haul.