Change those dollars to Euros via an offshore account or a bank like EverBank on the Net ( www.everbank.com )
Here's a review from Forbes' Best of the Web: Everbank is an Internet-only bank that offers all the basic banking services you'd expect (bill pay, online statements, with practically no fees as long as you maintain a $1,500 average balance). !! A cost effective way to hedge the dollar's fall: open a World Currency account and invest in CDs denominated in foreign currencies. No commissions but there are currency conversion charges. You can also trade stocks here for $20 (up to 2,000 shares), as well as buy and sell bonds through Evertrade brokerage. !! Your deposits will earn 2.5% interest for the first three months, then it goes down but Everbank pledges to keep it in the top 5% of savings yields in the country. You can pay all of your bills for free, track your expenses, apply for a mortgage or a credit card, but there is no account aggregation feature here involving outside accounts. One big drawback to this branchless bank is that deposits made at Visa ATMs can take up to five days to hit your account. Run into a problem? The knowledgeable live help really does answer your phone call. If you try the bank for two months and don't like it, they'll send you a check for $50 when you close your account. On Fri, 5 Nov 2004 10:09:00 -0600, G <[EMAIL PROTECTED]> wrote: > There's a MASH quote for all seasons. > > As for cash...I'm an economic idiot, as i've admitted before. As such, I > only feel safe with good old fashioned cash. For years i've been kicking > myself because I haven't invested in the markets, or done this or that. > Maybe my ignorance is my ally :) > > > > > > Brian wrote: > > > Frank Burns eats worms!!! > > > > YEAH! Great memory! Hawkeye rules - now where'd I put that gin ... > > > > BTW BG, the front page of the WSJ this morning had this: > > > > "Markets Surge, Dollar Falls As President Details Agenda" > > > > My "doom" theories remind me of another great show, Cheers. There's > > this episode where Sam overhears some rich guys talking about a big > > investment. So he scrapes together a bunch of money for it, but loses > > it all. It's explained to him that those guys are rich, can afford > > the loses, and never make money. > > > > IMO, Wall St is a combination of those guys and guys smart enough to > > know exactly when to get out. Since I'm not in either group, I'm > > taking the high road and securing my cash now. > > > > You're right in saying that America won't blow up, but those with cash > > when the recession comes will get some great deals on stuff. > > > > Find a buddy who's deep in debt, but has lots of nice stuff, and start > > deciding what you want - then make him take good care of it; soon > > it'll be yours! > > > ><snip> > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Special thanks to the CF Community Suite Gold Sponsor - CFHosting.net http://www.cfhosting.net Message: http://www.houseoffusion.com/lists.cfm/link=i:5:134433 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
