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 Anyone know about foreign FD?

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DannyOP
post Nov 22 2008, 02:05 PM

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I agree with cheroy, if you have some purpose of using the funds in the future eg. your son/daughter going to study in Australia or going for holiday, then it is worthwhile putting some funds into it as you are getting higher interest compared to local FD.

However if you just treat it as FD per say, it is not, it is more like gambling.. you don't know whether the currency will go up or down in the future.

This post has been edited by DannyOP: Nov 22 2008, 02:05 PM

 

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