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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, 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?

6 Responses to “currency CD”

  1. disneysteve Says:

    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:

    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:

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

    Stocks woman! Buy stocks!

  4. baselle Says:

    Thanks, kat ... I needed that!

  5. disneysteve Says:

    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:

    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.

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