Dear Mr. Tan,
What do you think about foreign currency fixed deposts that pay about 7% to 8%? I am of investing in NZ$ and A$. The money has been in the saving account for quite some time.
REPLY
I have a lot of my own money invested in AUD and NZD. I like the high interest rate. I hope that the currency will be stable, but this is a risk that the investor has to take.
Read this FAQ:
http://www.tankinlian.com/faq/foreign.html
All the best to you!
Hi Mr. Tan,
ReplyDeleteI'll just like to express my view on foreign fixed deposits. Hope you can give some comments. Thanks!
excerpts from my article:
...
In terms of % of GDP, both Australia and New Zealand ran a current account deficit even larger than US! Unless they can continue to maintain their GDP growth rate, any slow down will just widen the deficit, cutting rates will just be a matter of time. The resultant rate cut will then result in a currency devaluation, similar to USD depreciation when FED cut interest rate from 5.25% to 2% within a short time.
...
Full article:
http://market-uncle.blogspot.com/2008/05/high-yielding-notes-good-buy.html
best regards,
Market-Uncle