Investing A Paltry Sum Of Usd15,000

[Donnyboy]

i just bought $25,000 in yen through the japanese yen etf,fxy,and through my everbank yen deposit account.feel the yen is super cheap and the yen carry trade will slowly unwind.also have a $10,000 icelandic krona cd paying 12.55% with everbank.

I have looked into Icelandic krona accts before. Do you have to be a US citizen to open an acct with Everbank - they seem to ask for US social security no. Any other banks offering krona accts ??

i think everbank is for us citizens but am not sure.many banks have foreign currency deposits or cd's but the icelandic krona is probably not one of them.the aussie dollar and new zealand dollar also have high interest rates now so you should look into foreign currency accounts in banks in your area.

Out of interest do foreign currency accounts pay interest the same as if they were held in the country of currency?

Like could I get 6% or 7% in an Aus or NZ account at HSBC in Thailand? or is it the same interest rate as if it were a Thai account? If it is the former what bank has the best rates for Aus and NZ?

In N.Z. Kiwibank seems to give the best term deposit rates.

I just got 8.15% for 1 year but at the moment you can get a higher return for 18 months.

You may be able to open an account online and deposit the same way, just google Kiwibank.co.nz

I think interest rates will stay high in N.Z. for some time yet as there is talk of the reserve bank raising the cash rate in the next month or two.

Watch this space.

yes, one feels sorry for those that are stuck with a huge mortgage over there- must be plenty of people that will be on the brink of defaulting when the rate goes up again

[steffi]

BTW: Bill Richardson came off as pretty unconvincing on this Sunday's Meet The Press with Tim Russert. Russert has his typical ambush of gotchas ready for him.

Are you looking for a reliable low risk short term (in other words, you expect this return every year starting the first year) return of 10 percent (hard to find, let me know if you do) or a good bet at a 10 percent return over a long period of time (10 or 20 years) and do you need to take the return out every year? I think those are basic questions to answer before you even start.

[nev]

you can loose all your money chasing higher returns than banks, in australia, 3 companys offering debentures, fincorp australian capital reserve and another i dont know the name of,have gone under costing a lot of mum and dad investors all or most of thier investment,the secured gpot back about 30% and unsecured lost the lot,these where investments offering 9% for 1 year.

bank west internet account pays 6.8% intrest calculated daily and fully secure.

i would put some here and put some in managed funds,and remember deversify in diffent assett classes.

my colonial first state geared shares fund has been paying around 30% for the last 3 or 4 years, but this is a high risk fund, so spread your risk by combining with lower risk funds.

,y combined managed funds have averaged a 14% return over 5 years with no real risk.

[nev]

i must correct myself,, my colonial first state geared shares fund has returned 50%/annum not 30%. a very good return indeed i just had checked.

[bendix]

No disrespect, but all this analysis of risk v reward on an investment of $15,000 is a bit much, isnt it?

The difference in earnings between even 5% and 10% is nothing to write home about.

My advice - Spend it.

[steffi]

If I was young which I'm not I'd be pretty happy with a guaranteed return of 10% on my money per year.

quote name='bendix' date='2007-06-06 07:43:34' post='1345330']

No disrespect, but all this analysis of risk v reward on an investment of $15,000 is a bit much, isnt it?

The difference in earnings between even 5% and 10% is nothing to write home about.

My advice - Spend it.

[maprao]

No disrespect, but all this analysis of risk v reward on an investment of $15,000 is a bit much, isnt it?

The difference in earnings between even 5% and 10% is nothing to write home about.

My advice - Spend it.

Well actually compounded over 10 years its the difference between having $25655 in your pocket and 42796 in your pocket!!! Following that bad advice it is the difference between of 17,000 something dollars or if you spend it as you suggest then about 42000 out of pocket!!!

I wish i knew what I know now when I was 20 years old!!!

eg 5%

15000 750 15750

15750 787.5 16537.5

16537.5 826.875 17364.375

17364.375 868.21875 18232.59375

18232.59375 911.6296875 19144.22344

19144.22344 957.2111719 20101.43461

20101.43461 1005.07173 21106.50634

21106.50634 1055.325317 22161.83166

22161.83166 1108.091583 23269.92324

23269.92324 1163.496162 24433.4194

24433.4194 1221.67097 25655.09037

10%

15000 1500 16500

16500 1650 18150

18150 1815 19965

19965 1996.5 21961.5

21961.5 2196.15 24157.65

24157.65 2415.765 26573.415

26573.415 2657.3415 29230.7565

29230.7565 2923.07565 32153.83215

32153.83215 3215.383215 35369.21537

35369.21537 3536.921537 38906.1369

38906.1369 3890.61369 42796.75059

Edited June 6, 2007 by maprao

[giruz]

you can loose all your money chasing higher returns than banks, in australia, 3 companys offering debentures, fincorp australian capital reserve and another i dont know the name of,have gone under costing a lot of mum and dad investors all or most of thier investment,the secured gpot back about 30% and unsecured lost the lot,these where investments offering 9% for 1 year.

bank west internet account pays 6.8% intrest calculated daily and fully secure.

My gf has a 'savings' account with commonwealth. It pays 7% pa. Interest paid montly. Before she had bonds for over 2 years that never paid more then 4% (she was really upset when she found this difference...because the bond is locked for 12/18 or more while the savings can be transferred anytime)

g.

[cmsally]

Are these higher interest Aussie accts open to non Aussies?

The offshore rates in Aus $ don't look that brilliant.

[bendix]

No they're not. They might not publish anything about it on their website, but try opening one and you will be asked for an Australian address and Australian tax file number.

I'm currently getting 7.5% on a 30 day term deposit in NZ, but only cos I have a NZ passport and have had an account at that bank for 15 years. Even if I - as a passport holder - wanted to open an account with another NZ bank, I'd have problems doing it from over here.

[nev]

No disrespect, but all this analysis of risk v reward on an investment of $15,000 is a bit much, isnt it?

The difference in earnings between even 5% and 10% is nothing to write home about.

My advice - Spend it.

Well actually compounded over 10 years its the difference between having $25655 in your pocket and 42796 in your pocket!!! Following that bad advice it is the difference between of 17,000 something dollars or if you spend it as you suggest then about 42000 out of pocket!!!

I wish i knew what I know now when I was 20 years old!!!

eg 5%

15000 750 15750

15750 787.5 16537.5

16537.5 826.875 17364.375

17364.375 868.21875 18232.59375

18232.59375 911.6296875 19144.22344

19144.22344 957.2111719 20101.43461

20101.43461 1005.07173 21106.50634

21106.50634 1055.325317 22161.83166

22161.83166 1108.091583 23269.92324

23269.92324 1163.496162 24433.4194

24433.4194 1221.67097 25655.09037

10%

15000 1500 16500

16500 1650 18150

18150 1815 19965

19965 1996.5 21961.5

21961.5 2196.15 24157.65

24157.65 2415.765 26573.415

26573.415 2657.3415 29230.7565

29230.7565 2923.07565 32153.83215

32153.83215 3215.383215 35369.21537

35369.21537 3536.921537 38906.1369

38906.1369 3890.61369 42796.75059

thats the beauty of compound interest and just add $10 more each week and watch it compound for a even better return.

[maprao]

thats the beauty of compound interest and just add $10 more each week and watch it compound for a even better return.

Hindsight is wonderful. If I had started my financial plan at 20 and not 40 I would now be sat in Thailand enjoying the good life!

Still it is never too late. Just have to wait until I am 55 instead

Its never too early to start and no sum is to small to save!!!

Edited June 7, 2007 by maprao

[nick2k]

I don't know. not expert. but if interested, check out the following stocks.

SVA Sinovac Biotech

VVR Van Kampen Income

OEGY Open Energy Corp.