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Swiss IRA's / Swiss Annuities
Old 07-17-2008, 11:05 PM   #1
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Swiss IRA's / Swiss Annuities

Swiss IRA's & Swiss Annuities

So, should I decide the sky is falling & to don my tin-foil-hat for good - what are these?

If one's faith was shaky in the good ole US dollar, seems to make sense (in concept) to move ones already very conservatively invested retirement $ to Swiss francs, no?

What are these things? Is this something that's do-able, advisable?

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Old 07-18-2008, 12:33 AM   #2
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Betting on currency fluctuations is much riskier then the stock market and with the current weakness of the US dollar you would be selling low and buying high.


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Old 07-18-2008, 01:17 PM   #3
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So you want to convert some $ into S. Fr.:

Why not use a S. Fr. CD? They are available at Everbank. BUT: you need to invest $10K min. and they currently pay less than 1% APY for a 12-month CD. Also, unlike US CDs that offer 100% principal safety, foreign currency CDs carry an important risk: Currency Exchange risk. Are you willing to take that risk and do you understand it? The S. Fr. has already appreciated 80% against the $ in the past 7 years, so are you sure this trend will continue in the foreseeable future? Because a brutal trend reversal could lose you a bundle.

I have a good chunk of cash invested in Europe but: 1) I am earning a 4% guaranteed APY on that money (and have been since 1997). 2) This stash was built slowly in 1997-2003 when the dollar was still relatively strong. 3) I don't currently add any money to the stash because I believe that we are close to a $ bottom. I travel to Europe a lot and based on purchasing power parity I am convinced that the dollar is way undervalued.

As far as Swiss IRAs are concerned I had to google them to find out what they were. I had heard of Swiss Annuities before but I would very much hesitate to buy one right now based on what I wrote above.
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Old 07-19-2008, 09:46 AM   #4
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If I invest in Swiss francs, will it improve my chances with Miss Switzerland?
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Old 07-19-2008, 09:53 AM   #5
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Originally Posted by Htown Harry View Post
If I invest in Swiss francs, will it improve my chances with Miss Switzerland?

Might, depending on how much you invest.
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