|
Any buyers of foreign currency?
07-05-2007, 10:57 PM
|
#1
|
Recycles dryer sheets
Join Date: Jun 2007
Posts: 84
|
Any buyers of foreign currency?
I'm trying to find out the best way to take X amount of US Dollars and purchase the equilivent in Argentina Pesos, Thai Bhat, and Brazil Real.
Everbank does not offer such CD's.
Has anyone had any experience in exchanging curreny and holding the foreign currency in an interest bearing account for speculation.
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
07-05-2007, 11:07 PM
|
#2
|
Recycles dryer sheets
Join Date: Jun 2007
Posts: 377
|
I made a rather large chunk of change, buying euros when they first came out (Im sure alot will think this is wierd, but go go Bible future knowledge!), normally a local bank can do it, and you can just hold on to the currency in a normal account or CD, then change it back to dollars when it does really well.
|
|
|
07-05-2007, 11:21 PM
|
#3
|
Recycles dryer sheets
Join Date: Jun 2007
Posts: 84
|
Quote:
Originally Posted by Bigritchie
I made a rather large chunk of change, buying euros when they first came out (Im sure alot will think this is wierd, but go go Bible future knowledge!), normally a local bank can do it, and you can just hold on to the currency in a normal account or CD, then change it back to dollars when it does really well.
|
Bigritchie, any ideas of which banks do this?
|
|
|
07-05-2007, 11:54 PM
|
#4
|
Recycles dryer sheets
Join Date: Jun 2007
Posts: 377
|
1st Tennesse did mine, I would think they still do it.
I am sure nations bank would too since they are all over the world, or you could just open a account with a British or Swiss bank, do a currency exchange, and then just put the new cash in a CD. I would think the big brokerages could do it too. I just bought a 100k of Euros back in the day when it was worth alot less then the dollar, put them in a CD, and then watched it kick the dollars rear over the past few years and recently sold em in prep for retirement.
|
|
|
07-06-2007, 06:46 AM
|
#5
|
Thinks s/he gets paid by the post
Join Date: Feb 2005
Location: Lou-evil
Posts: 2,025
|
Quote:
Originally Posted by Florida
I'm trying to find out the best way to take X amount of US Dollars and purchase the equilivent in Argentina Pesos, Thai Bhat, and Brazil Real.
Everbank does not offer such CD's.
Has anyone had any experience in exchanging curreny and holding the foreign currency in an interest bearing account for speculation.
|
Nope. I get plenty of currency exposure via unhedged foreign funds.
__________________
"These walls are kind of funny. First you hate 'em, then you get used to 'em. Enough time passes, gets so you depend on them"
|
|
|
07-06-2007, 08:18 AM
|
#6
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
|
How about a little triangular currency arbitrage??
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
|
|
|
07-06-2007, 02:21 PM
|
#7
|
Recycles dryer sheets
Join Date: Jun 2007
Posts: 84
|
Quote:
Originally Posted by wildcat
Nope. I get plenty of currency exposure via unhedged foreign funds.
|
Any foreign fund recomendations?
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|