<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > currency CD

currency CD

March 20th, 2008 at 02:46 am

Saving log - $3 tip box
Spending log - $1.19 coffee + $8 lunch

Put in this month's collection from the tip box into savings - $46 worth.

Looking into getting a currency CD from www.everbank.com, because the interest rates look and because I'm assuming that the dollar will get weaker before its gets stronger. Anyone else out there looking into owning one?

Posted in Fixed Income | 6 Comments »

6 Responses to “currency CD”

  1. disneysteve Says:
    March 20th, 2008 at 03:09 pm 1206025769
    1206025769

    I've looked also. In fact, I think I started a thread about them a while back on the boards. Most felt they were too risky.

  2. luxlivingfrugalis Says:
    March 20th, 2008 at 06:48 pm 1206038931
    1206038931

    Count us in as lookers. We haven't leapt YET.

    It'll be either a currency CD or some type of currency ETF. Just beginning to research these and feel like one who is late to the dance!

  3. katwoman Says:
    March 20th, 2008 at 09:35 pm 1206048902
    1206048902

    You mean to tell me that there isn't enough blood in the streets for you yet?

    Stocks woman! Buy stocks!

  4. baselle Says:
    March 22nd, 2008 at 03:54 am 1206158071
    1206158071

    Thanks, kat ... I needed that!

  5. disneysteve Says:
    March 23rd, 2008 at 01:16 am 1206234973
    1206234973

    There is an article in Money this month about this and they advise against it. They say the currency risks are too great and unpredictable. They say if you want foreign investments, buy foreign mutual funds or ETFs.

  6. baselle Says:
    March 23rd, 2008 at 07:04 am 1206255864
    1206255864

    Disneysteve - Thank you! I'll check out the Money article. The feeling is starting to pass. Big Grin They would increase my diversification, but also increase my risk. I have some appetite for risk, but as kat put it, if you want risk, you might as well invest in stock. The interest earned in the currency CD would supposedly be a hedge against the currency swings...that is, if I get them.

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]