Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
BRIC c.d.
Old 08-20-2009, 09:25 AM   #1
Recycles dryer sheets
 
Join Date: Jul 2008
Location: Joaquin, Texas
Posts: 164
BRIC c.d.

Ever Bank offers a FDIC principal insured 3 year C.D. that pays based on the difference in exchange rates between the difference in currencies of the U.S. and (Brazil, Russia,India, and China)..It pays no interest and the upside potential is solely the difference between the exchange rates of those currencies and the dollar at maturity. However, one is guaranteed the return of his principal should the dollar strengthen against those currencies..Seems like it might be better than buying silver or other commodities since the price of those could be lower in three years..What's the wisdom of the board?

http://www.everbank.com/001Certifica...?referID=11641
__________________

__________________
Life is good. Then you die.
lawman 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 08-20-2009, 11:44 AM   #2
Moderator
ziggy29's Avatar
 
Join Date: Oct 2005
Location: Texas
Posts: 15,612
I think most people would be better off buying a CD and using part of the interest to buy put options on the dollar if they want to play that game.
__________________

__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

RIP to Reemy, my avatar dog (2003 - 9/16/2017)
ziggy29 is offline   Reply With Quote
Old 08-20-2009, 12:33 PM   #3
Recycles dryer sheets
 
Join Date: Jul 2008
Location: Joaquin, Texas
Posts: 164
Quote:
Originally Posted by ziggy29 View Post
I think most people would be better off buying a CD and using part of the interest to buy put options on the dollar if they want to play that game.
Didn't know I could buy "put" options on the dollar..Does it have a symbol or how do I buy them?
__________________
Life is good. Then you die.
lawman is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
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


 

 
All times are GMT -6. The time now is 11:27 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.