Do you know of a appropriate Discount Stock Broker surrounded by Canada?
I have checked around, TDPriceWaterHouse is the one my dad uses . What ones do you know of, and which ones enjoy you used?Which one do you like to use immediately?
Answers: www.interactivebrokers.com is who I use and they're generally vastly, very apposite.
Now i have RS.2000,i invest my money to shares,what i do?
Answers: With Rs. 2,000- you cannot invest in stock market. Thats a pretty small amount.
With this small amount you can't buy shares.
Actually you have to open a demet account with a broker. Then you can buy shares for this amount. For maintaining the demat account you have to pay some amount.
For this small amount, the annual fees seems to very high. If the amount is big means it is ok
But you can invest in mutual fund. But the minimum amount is 5000/-rs. Only initial fees is there. There is no annual fees.
If you are buying straight from the company means there will be no entry load.
You can start your investment with Rs 2000/- but you won't be earning much.infact there is every possibilty that you can even loose the amount.
Better option would be to increase your investment capital and apply in Mutual Funds or IPO.
For SIP in Mutual Fund you need minimum Rs 500/- per month and for one time buy Rs 5000/-.
Minimum amount required for investment in IPO is between Rs 6000/- to 6500/- depending upon the share, but in the case of IPO the allotment is not guranteed.
With Rs. 2000, you can go for a 4 month (a) Rs. 500/- with any ELSS Fund of Mutual Fund like SBI Magnum Tax Gain or Birla Sunlife Tax Relief '96 and your this Rs. 2000 would be approx Rs. 3500 or more in 3 years from the date of investment.
Why is the pound so low against the euro and when is it likely to improve?
Answers: The euro is riding high against both the dollar and the British Pound. The reasons so far include the ECB (European Central Bank's) reluctance to cut interest rates as they are concentrating on squeezing inflation. However, it is only a matter of time before they too will have to start cutting as the growth rate is slowing. Therefore investors will continue to invest in the euro until the ECB signal otherwise.
In the UK, as in US, rate cutting is underway - BOE (Bank of England) is expected to cut 2 to 3 times this year as the rate of growth has slowed alarmingly.
Another reason why the pound is suffering in the currency market is put down to "sentiment" - ie the feeling that since last summer and, in particular, the saga of Northern Rock, the UK's reputation as a major financial centre has suffered a major setback. No one is emerging with any credit in the handling of this matter and blaming the "credit crunch" won't abolve them of their responsibilities.
Even if you don't understand charts anyone looking at the euro/pound chart will see that there is no immediate end to the rise of the euro. There are huge upbars on all timeframes: daily, weekly and monthly. One target being mentioned is at least 0.83 - at this rate we could even reach parity!
The consequences are very serious, especially if you are considering purchasing in euroland, it may be prudent to wait or at least fix a rate. However, if you have euro assets which you have held for some time now may be a good time to consider selling.
Hope the above helps.
The pound is still worth more than the euro.
1 British pound = 1.33910035 Euros
New countries have just joined the Euro. They bolster it up with reserve funds to keep the value while they adjust. The £ always improves against the Euro..
All currencies are valued based on assets vs. liabilities.
Projections for a weak and problematical economy in 2008. They say - the pundits - that it will be likely to get worse before it gets better.
The issue is inter-institutional lending rates and availability.
It demonstrates how the international credit system distorts actual economic performance.
In terms of competition, it puts British Industry in a commanding position.
The main reason is the huge amount of debt in this country, both personal and Governmental, and the expectation of a serious downturn in the economy. Another significant reason is the expectation of lower interest rates. There is also a strong expectation of rising inflation, putting the BOE in a quandary.