Foreign Currency CD's

jsnipes28 · #1 07-31-2007, 11:40 AM

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?

tomek322 · #2 07-31-2007, 02:05 PM

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.

irunnotgood · #3 07-31-2007, 03:20 PM

You should look into Foreign Currency ETFs as well if you haven't already.

DJSHAD0W · #4 07-31-2007, 10:59 PM

[ 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?)

irunnotgood · #5 08-01-2007, 12:51 AM

FXA FXE FXF etc.