I have $100

sonikbliss
buyin' a studio
Posts: 919
Joined: Fri Apr 09, 2004 6:49 pm
Location: Florida

Re: I have $100

Post by sonikbliss » Thu Jan 27, 2005 1:07 pm

how about actually investing it. get yourself a roth IRA

User avatar
apropos of nothing
dead but not forgotten
Posts: 2184
Joined: Tue May 13, 2003 6:29 am
Location: Hillsborough, NC

Re: I have $100

Post by apropos of nothing » Thu Jan 27, 2005 10:08 pm

Greenlander wrote:Buy $100s worth of Euros and then buy back even more dollars when its value collapses sometime in the next year.
How do I go about doing this? Has anyone here bought foreign currency that could advise me?

jamoo
buyin' a studio
Posts: 861
Joined: Fri Oct 24, 2003 5:21 pm
Location: sun children awake

Re: I have $100

Post by jamoo » Fri Jan 28, 2005 12:30 am

apropos of nothing wrote:
Greenlander wrote:Buy $100s worth of Euros and then buy back even more dollars when its value collapses sometime in the next year.
How do I go about doing this? Has anyone here bought foreign currency that could advise me?
It doesn't make sense to buy foreign currency in small dollar amounts, unless you plan to spend it, because of the ever-present...

transaction fee :evil:

Put $100 into a bank account, and keep doing it until you have an amount that's meaningful, then re-ask. The people who were suggesting precious metals weren't too far off.

User avatar
apropos of nothing
dead but not forgotten
Posts: 2184
Joined: Tue May 13, 2003 6:29 am
Location: Hillsborough, NC

Re: I have $100

Post by apropos of nothing » Fri Jan 28, 2005 11:30 am

But say I have a larger amount, say 5-10,000 that I wanted to convert to foreign currency. How would I go about it?

User avatar
lastpicked4kickball
alignin' 24-trk
Posts: 74
Joined: Wed Dec 29, 2004 5:13 pm
Location: Seattle area
Contact:

Re: I have $100

Post by lastpicked4kickball » Fri Jan 28, 2005 11:36 am

Airports, and most banks have currency exchanges in them. Hell in the U.A.E. they are on every street corner it seems. But then again, so are "bling bling rolexes" (or as we poigniantly call them... Stolexes)
Just trying to get through life without looking stupid! Not workin' out so far for me...

User avatar
Flight Feathers
re-cappin' neve
Posts: 638
Joined: Fri May 02, 2003 11:53 am
Location: Maplewood NJ
Contact:

Re: I have $100

Post by Flight Feathers » Fri Jan 28, 2005 2:13 pm

apropos of nothing wrote:But say I have a larger amount, say 5-10,000 that I wanted to convert to foreign currency. How would I go about it?
you should check out Everbank - http://www.everbank.com/. check the currencies section. it lets you open an account in whatever currency you want - euros, swiss francs, yen, etc.. it is basically a savings account, but not quite as liquid, it takes about 3-5 days to retrieve the actual money. that's what i've been told.
5D Studios <-- my OLD studio
Flight Feathers <-- my band

User avatar
apropos of nothing
dead but not forgotten
Posts: 2184
Joined: Tue May 13, 2003 6:29 am
Location: Hillsborough, NC

Re: I have $100

Post by apropos of nothing » Fri Jan 28, 2005 2:33 pm

ayanpal wrote:you should check out Everbank - http://www.everbank.com/. check the currencies section. it lets you open an account in whatever currency you want - euros, swiss francs, yen, etc.. it is basically a savings account, but not quite as liquid, it takes about 3-5 days to retrieve the actual money. that's what i've been told.
Woot! Thanks!

jamoo
buyin' a studio
Posts: 861
Joined: Fri Oct 24, 2003 5:21 pm
Location: sun children awake

Re: I have $100

Post by jamoo » Fri Jan 28, 2005 6:53 pm

ayanpal wrote:
apropos of nothing wrote:But say I have a larger amount, say 5-10,000 that I wanted to convert to foreign currency. How would I go about it?
you should check out Everbank - http://www.everbank.com/.
The smart money goes: Special Chinese Renminbi Deposit Accounts

If they really pull it off. I'm kind of out-of-the-loop these days, so I'm not sure how freely yuan are trading on the open market -- controlled, supposedly socialist state and all, but just like a country like Argentina can't keep their currency up, China won't be able to keep there's down.

This is the stuff that made Soros a billionaire (except he bet against the British Pound). He's the guy who blew something like $18 million on the Kerry campaign.

User avatar
MichaelAlan
tinnitus
Posts: 1144
Joined: Thu Oct 07, 2004 9:21 am
Location: Passing under Sleep's dark and silent gate
Contact:

Re: I have $100

Post by MichaelAlan » Fri Jan 28, 2005 9:43 pm

ec?amoR ecnaL wrote:But an IRA means I won't get the money back till after I die, doesn't it???? I've only got 5 years left, mind you.
MichaelAlan wrote:I can teach you how to count cards in blackjack...$100 is a small bankroll but if you find a $3 table you might be able to last long enough...


Mike
Now this is my favorite. Teach me, teach me, teach me.
i can teach you the high-low system, but it's up to you to practice enough before you hit the casino. You know basic strategy...right?


mike
All energy flows according to the whims of the great magnet...

Locked

Who is online

Users browsing this forum: No registered users and 3 guests