Considering savings accounts…in other countries?
March 22nd, 2011
I’m going to be saving 70% of my my monthly income and need a somewhat reliable investment option. CD rates are garbage at 2% and gov’t bonds don’t offer much more. I was talking with my buddy where you can convert your currency and get a 10% return in India for just a simple savings account! But, there’s a 2% wire charge for the money. I’ve done some currency and stock trading in the past, but I don’t have enough capitol to invest anything heavy. Just need a decent account I can contribute monthly – getting a decent return.
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