I have invested in foreign currencies via www.everbank.com and have done very well. The reason I liked it is because I can convert us dollars to - say - australian dollars and put those australian dollars into an australian cd. I get the normal interest plus the gain when the us dollar weakens. I was right that the us dollar would weaken. However, now when I look at the everbank website, they invest the money for you but you dont get interest anymore (with some exceptions) all you get is the dollar exchange benefit. This must be new cause it was not this way before.
Anybody know a bank where you can get the interest AND the benefit of the dollar exchange if the US dollar weakens? Looks like everbank isnt the deal it used to be.
Answers:
if interested in forex real time analysis trading pls visit http://www.desicyberworld.com. Also start with just 50$
The answers post by the user, for information only, BAnswer.com does not guarantee the right.
More Related Questions and Answers...
Whats the best way to learn about Spread Trading?
How do I calculate the interest rate I earned on a 401K account?
Can some mathematician tell me how much interest per year I would?
Would a KPO business work well in india?
Managing product changes for a result in a brewery company?
What is the best way to put formulate a convertible debt document for a start up.?
What is options trading and futures trading?
I am coming into a bit of money, in the six figure range. Any ideas what I should do with it?
I have hackers right now they will not let my yahoo email go out what should i do, will you help me?