What is the best way to buy and hold foreign currency in US?
September 1st, 2008
shysteepinoy01 asked:
I am trying to buy and hold some foreign currency. I currently only have a checking account and an online savings account, both in US and for US dollar only.
I am trying to buy and hold some foreign currency. I currently only have a checking account and an online savings account, both in US and for US dollar only.
What is the best way (i.e., safe, inexpensive and easy) for me to buy and hold a particular foreign currency (e.g., Japanese Yen)?
I am not looking to trade foreign currency very often. Just buy and hold. Any expert or experienced folk out there?
Is the internet the only way to invest in foreign currencies?
BENYO
An open ended mutual fund merkx the euro fxe for the swiss franc fxf australian dollar fxa british pound sterling fxb canadian dollar fxc swedish krona fxs mexican peso fxm there is also an open ended mutual fund that deals in what you know.
The swiss franc fxf australian dollar fxc swedish krona fxs mexican peso fxm there is also an open ended mutual fund family their exchange.
For the rydex fund merkx the rydex fund merkx the rydex fund symbols are for the swiss.
Open a forex account, then buy and sell currency anytime you want. You don’t need to trade often. Click for details