On May 23, 7:37 am, Jack Waugh <8e2i...@[EMAIL PROTECTED]
> wrote:
> rates were at the time of day when Everbank executed the trade that
> determines the rate the customer gets. I have been in three
> currencies for about six months and my balance as expressed in USD is
> still below what I put in. That is, the interest earned has not yet
> made up for the expense of trading.
Have brought up various times in this forum how Everbank's hidden
commissions going into and out of foreign currency take forever to
compensate by interest. They used to have explicit % commission, but
last I checked it is not broken out. Sizeable bank accounts seem a
silly strategy anyway... just normal prudent investing should have you
with stakes in various foreign currencies in terms of stocks and
bonds. You mention natural gas as currency substitute, and commodities
such as that have become a common slice of everyday ****tfolios.
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