How to open an investment portfolio is really a broad title, it varies from one banking institution to another and follows the laws and regulations of each country. If you are looking for the best portfolio that you can get today, we will take a full tour of the Arabian Peninsula market and the global market to choose the best that suits you in the era of a Financial turbulent day.
What is an investment portfolio? What is the purpose of owning it?
An investment portfolio is defined as a basket of various investment assets, such as stocks, bonds, commodities, mutual funds, etc.
The purpose of its establishment is to obtain profits and financial returns, and here we can distinguish between two types:
- wallet with the bank.
- The investment portfolio of the investment brokerage company.
- Of course from the assets you choose in this investment portfolio and the risk ratio for each asset to make a good investment to get a return, the most important thing is the investment strategy and the goals you hope to achieve through this investment portfolio.
How to open an investment portfolio in Saudi banks
Many banks in Saudi Arabia offer options to open investment portfolios so that you can trade Saudi and international stocks, and investment portfolios allow you to benefit from them, the most famous of these banks:
- Al-ahly Bank.
- Al Rajhi Bank.
- Riyad Bank shares.
- Bank Al Jazira through its team at Al Jazira Capital.
- Samba Bank.
- Development Bank.
Conditions for opening an investment portfolio in Saudi banks
To open a Saudi stock portfolio in a Saudi bank, you must:
- The customer is over 18 years old.
- To have a residence or a valid Saudi ID card.
- Registration in the Absher service provided by the bank (especially in Bank AlJazira Capital).
- Customers register for the National Address Service and have their address data.
- The customer must have a current account in any Saudi bank, preferably the bank in which you want to create the electronic wallet.
How do I open a profitable Saudi investment portfolio with minimal risks?
Before starting to create an investment stock portfolio with any bank, the following points must be considered:
- Make sure that the investment portfolio enables you to get the capital you invested and protects you, and try to trade the financial products offered by the same bank because they are a protected asset.
- Monitor the investment assets of stocks and funds in the Saudi trading market, and choose the entity that suits you and your offer before opening a position.
- The wallets of some banks can only trade their products, while others consider themselves regular brokers.
- Monitor the performance of each financial investment portfolio rationally, whether it is from the client’s point of view on the bank’s investment portfolio or the profit and loss ratio for its products, especially since some investment portfolios offer only bank investment products.
- Set your goals for the portfolio and the length of time you want to own it, because most Saudi Bank wallets set the duration of the portfolio at 5 years, and any closing may impose a fine on you.
How do I open an investment portfolio in the global market?
You can add stocks from all stock exchanges in the world through a portfolio from one of the best stock trading platforms to expand and diversify your investments; The way to open the global wallet is:
First: Find the best brokerage company
To have a good, robust and secure investment portfolio to help you achieve your financial investment goals, you must find the best through licensing, registration, market, commission, trading platform, deposit, and withdrawal restrictions.
Second: Decide what assets you want to trade
Determining the types of assets (stocks, foreign currencies, funds, precious metals, cryptocurrencies, CFDs, etc.) will help you choose the best brokers that offer these assets and help you choose the right brokerage account for them, especially because of the day traders and brokers are provided Custom account types for each type of asset and provide them with the right tools.
Third: Create a brokerage account
You can place your investment portfolio in your brokerage account in three simple steps, and the steps are:
- Fill out the registration form and fill out the questionnaire.
- Fund your account via one of the methods (bank transfer, Visa, Master, Webmoney, Neteller, or Skrill).
- Prove your data by sending the required documents.
Fourth: Divide your investment portfolio in the best possible proportions
This division mainly depends on the investment goal you want, whether it is for good retirement life, savings and development capital, or investing for additional sources of income, but in general, we recommend that you divide your investment portfolio into the following proportions:
- 70% to 80% of the shares.
- 10% bonds and gold.
- 10% to 20% off CFDs for Forex, Gold, and Cryptocurrencies.
How do I open an investment portfolio in a Saudi bank?
It's very simple, and divided into six steps (or less, depending on the bank you choose), here's how to open a stock portfolio through Saudi Bank:
- Go to the bank's website Go to the website of the bank of your choice and go to Create a wallet.
- You should read the agreements relating to these banks and make sure that they are right for you and that you will be able to comply with them.
- Choose the method of opening the account, the bank offers two types of investment portfolios, the first is through your ATM card information, or through automatic response services.
- Get the activation code After entering the data, the activation code will be sent to your mobile phone registered with the bank.
- Enter your details You will be asked to enter your financial data on the Financial Information page via your mobile phone number and email and confirm it here with a code that will be sent to everyone.
- Enter your investment profile information You must create your own username and password for your financial page.
- The bank's website will help you make your username unique and provide you with personalized suggestions.
Which is a better investment portfolio in Saudi banks or in financial brokerage companies?
No portfolio is better than the other, because each of these portfolios has its own market and suitable investment, so before thinking about how to open a portfolio and its methods, choose the stocks and markets you want to use, and choose the best supplier for it services.
We hope that you have found everything you are looking for in this article to open an investment portfolio in Saudi banks or in general.
