How to which "Makam" investment to buy, knowing that I'll need the money in 6 months?
(There is a different Makam for each expiration month)
Would you kindly explain what "makam" is ?
hey man,
first of all makam is an Israeli government short-term (less than a year) bond.
the number of the "makam" says is exparation date for axample makam number 617 will be worth exactly 1 New Isareli Shekel on the first week of the 6th month of 2007 (makam 1217 is the same but on december).
so you know exaxctly how much you earn, anyway you can chack the charts on any website (leumi.co.il/ themarker.com and more) to see what is the interest rate because you can sell a makam anyday
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