shiny
Full time employment: Posting here.
- Joined
- Jun 24, 2005
- Messages
- 673
DH and I are thinking of opening a bank account with a bank on the Isle of Man
with Euros. Its called an Accumulation Account that holds your money and doesn't pay interest until you close the account therefore not creating any taxable income until you decide to take it.
We know people who have an account here and have done some research on the bank, so I'm not worried about it, but I'm just wondering what the views are on this board about the state of the dollar v. the euro. I certainly wish I had done this before the trade was so bad for the dollar, but I'm worried that with all of our debt here in the US it will get worse.
Any thoughts?
with Euros. Its called an Accumulation Account that holds your money and doesn't pay interest until you close the account therefore not creating any taxable income until you decide to take it.
We know people who have an account here and have done some research on the bank, so I'm not worried about it, but I'm just wondering what the views are on this board about the state of the dollar v. the euro. I certainly wish I had done this before the trade was so bad for the dollar, but I'm worried that with all of our debt here in the US it will get worse.
Any thoughts?