Hi All,
This will be my first post here.
A little bit about myself: 36, male, single, current non-retirement/non-real estate $$ allocation is 50% in mutual funds & stocks, and 50% in money market and bank deposits. Yes it does seem a bit unusual to have such a heavy cash position. I thought the stock market was overvalued, and sold some of mine stocks and MF's last month.
Right now I'm looking to park some of my cash in foreign currency. I asked around and was referred to this bank:
https://www.everbank.com/
EverBank - World Currency
I'd like to ask:
1) Has anyone had experience with EverBank?
2) Do you think it's a good idea for me to park $ cash in foreign currency, and if so, what currency? (I'm looking at Euros and AUD)
3) Do you think the $ is better off invested elsewhere right now?
Thanks for your help
This will be my first post here.
A little bit about myself: 36, male, single, current non-retirement/non-real estate $$ allocation is 50% in mutual funds & stocks, and 50% in money market and bank deposits. Yes it does seem a bit unusual to have such a heavy cash position. I thought the stock market was overvalued, and sold some of mine stocks and MF's last month.
Right now I'm looking to park some of my cash in foreign currency. I asked around and was referred to this bank:
https://www.everbank.com/
EverBank - World Currency
I'd like to ask:
1) Has anyone had experience with EverBank?
2) Do you think it's a good idea for me to park $ cash in foreign currency, and if so, what currency? (I'm looking at Euros and AUD)
3) Do you think the $ is better off invested elsewhere right now?
Thanks for your help