Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Any buyers of foreign currency?
Old 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.
Florida is offline   Reply With Quote
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!

Old 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.
Bigritchie is offline   Reply With Quote
Old 07-05-2007, 11:21 PM   #3
Recycles dryer sheets
 
Join Date: Jun 2007
Posts: 84
Quote:
Originally Posted by Bigritchie View Post
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?
Florida is offline   Reply With Quote
Old 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.
Bigritchie is offline   Reply With Quote
Old 07-06-2007, 06:46 AM   #5
Thinks s/he gets paid by the post
wildcat's Avatar
 
Join Date: Feb 2005
Location: Lou-evil
Posts: 2,025
Quote:
Originally Posted by Florida View Post
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"
wildcat is offline   Reply With Quote
Old 07-06-2007, 08:18 AM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
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.........:)
FinanceDude is offline   Reply With Quote
Old 07-06-2007, 02:21 PM   #7
Recycles dryer sheets
 
Join Date: Jun 2007
Posts: 84
Quote:
Originally Posted by wildcat View Post
Nope. I get plenty of currency exposure via unhedged foreign funds.
Any foreign fund recomendations?
Florida is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Investing in Foreign Currency Markets chinaco FIRE and Money 11 04-02-2007 08:02 AM
Foreign Currency in a Spreadsheet Hanno FIRE and Money 1 03-31-2007 03:03 AM
Buying into foreign currency. modhatter FIRE and Money 29 02-24-2007 09:39 PM
Chinese Foreign Currency Reserves Maximillion Other topics 2 04-22-2006 07:48 AM

» Quick Links

 
All times are GMT -6. The time now is 03:21 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.