I made a few thousands dollars through a couple of freelancing projects (around $20k - $30k), i’m 32 with almost no responsibilities, have a full time job making decent money, and I live in Egypt with no other nationality or residency. I want to invest the money i have, in something with 20%-30% annual return on the medium term, for 2-4 years. Being in Egypt have a huge disadvantage, is we are having an inflation rate of 14% annually, so if i put my money in a bond with the local currency ( egyptian pound) and with around 15% as an interest rate, i would end up having the same value of money after the 12 months, which seems like a very bad investment, with pretty much no return on the ground.
Stocks/CFD seemed like a good option. CFDs website like eToro and social trading looks promising, i made my homework reading books on trading and following related forums. So i planned to put my money there and start investing with small risk, no crypto, no leverage, just stocks on FAAG and other diversified industries stocks. A couple of questions i have:
- Do you guys think this is a good option for me to invest, considering my location and the amount of money i have, in eToro and CFD, considering i’m not using leverage and the spread fee for eToro are fine by me since they are okay if you are not using leverage.
- How can i invest in actual stocks if i’m an Egyptian Citizen, do u have to be a US citizen for this to work, any suggestions for reliable online brokers to use in that case?
- What would be the advantage of buying the actual stocks, i’m mostly investing in companies issuing no dividends, and i get the same profits with CFD like etoro, and i’m not using leverage.
- eToro related question, i read a lot that i’m trading against the house, it’s eToro that gives me the profits, is it possible to make money having this on the table. Are there statistics on the percentage of winners in CFD ( i heard 73% lose money there, that’s a lot)