Foreign Currency CD\'s
What do you guys think of these?
http://www.everbank.com/documents/ma...yInvesting.pdf I was doing a powerpoint presentation at my internship the other day and stumbled across this. USD has depreciated so much, and doesn't really seem like it's getting much better. I am seriously considering opening something like this for 10-20k or whatever. So what is the general consensus here? |
Re: Foreign Currency CD\'s
It's a long prospectus and didn't feel like reading it. Are they paying you a yield like a US bank would? If so how does it compare to a US bank? Second what are they using for the initial and final conversion? I know abroad you lose a point or two in just the buy and sell spread.
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Re: Foreign Currency CD\'s
You should look into Foreign Currency ETFs as well if you haven't already.
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Re: Foreign Currency CD\'s
[ QUOTE ]
You should look into Foreign Currency ETFs as well if you haven't already. [/ QUOTE ] Do you have a starting poing for foreign currency ETFs (ticker maybe?) |
Re: Foreign Currency CD\'s
FXA FXE FXF etc.
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