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#1
08-21-2007, 09:09 PM
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i think i found a sweet way in foriegn currency
http://www.thestreet.com/pf/funds/etf/10324452.html
FXB FXC FX FXF FXS FXE FXM Do these pay out interest like a bank account or is it just as though you owned the currency in a no-interest savings account? 
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#2
08-22-2007, 12:17 AM
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Re: i think i found a sweet way in foriegn currency
It's a fund made up of a variety of different stocks and the fund performs as the sum of it's parts.
http://en.wikipedia.org/wiki/Exchange-traded_fund
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#3
08-22-2007, 03:10 AM
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Re: i think i found a sweet way in foriegn currency
these are currency ETFs.
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#5
08-22-2007, 10:42 AM
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Re: i think i found a sweet way in foriegn currency
Why not hold equities in the currency you want?
That's what I do.
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#6
09-07-2007, 02:21 PM
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Re: i think i found a sweet way in foriegn currency
[ QUOTE ]
Why not hold equities in the currency you want? That's what I do. [/ QUOTE ] you mean buy companies that operate in other countries but are traded on the nyse?
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#7
09-07-2007, 02:26 PM
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Re: i think i found a sweet way in foriegn currency
tdameritrade list the yield (TTM) of FXB CurrencyShares British Pound Sterling Trust as 4.13%.
Does anyone know if this is like a dividend or is this interest paid to you like like a money market account. Is owning FXB like simply owning pounds sterling, or do you receive interest on your holding like a money market account?
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#8
09-07-2007, 03:49 PM
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Re: i think i found a sweet way in foriegn currency
[ QUOTE ]
tdameritrade list the yield (TTM) of FXB CurrencyShares British Pound Sterling Trust as 4.13%. Does anyone know if this is like a dividend or is this interest paid to you like like a money market account. Is owning FXB like simply owning pounds sterling, or do you receive interest on your holding like a money market account? [/ QUOTE ] it pays a dividend during the first part of each month.
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#9
09-07-2007, 03:55 PM
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Re: i think i found a sweet way in foriegn currency
so the dividend is going to be taxed as short term income, and then if you sell FXB and make a profit, you are also going to be taxed on it? sooo.... is it better to go with everbank or FXB?
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#10
09-07-2007, 05:27 PM
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Re: i think i found a sweet way in foriegn currency
[ QUOTE ]
[ QUOTE ] Why not hold equities in the currency you want? That's what I do. [/ QUOTE ] you mean buy companies that operate in other countries but are traded on the nyse? [/ QUOTE ] I meant buy, for example, a European index fund from a European fund company. Obviously the fund is denominated in EUR and will earn more long-term than a EUR savings account equivalent.
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