Book Yoda. Business & Investing.

I was considering converting a large sum of money into the Euro and investing it in a high yield CD in Europe. I here that annual yields from CDs in Europe are higher than the they are here. Also I figure that the Euro has consistantly outperfomed the dollar so that it should be a safe conversion rate getting my money out. Has anyone heard this to be true?? Are there any pitfalls that I could fall into?

CD's are American products...you will find products available in Europe are similar but not exactly the same. Depending on the amount you have available you should be able to secure a 5 to 10% pa rate. I wouldn't bet on the Euro continuing to do better than the Dollar though. The US Dollar is now one of the lowest valued currencies in the world and the Euro is one of the highest. Most commentators are pegging the Euro to sink this year. Sterling is an over valued currency as well.

So you can do it, but it's not a sure fire way to make money. The biggest problem you are likely to face is providing sufficient identification when you open your account with whatever European bank you chose.

2008-01-08 17:21:02 by Larry N

Dr. Paul discusses the TARP funds and Bernanke's slight to Congress

Business import and export items for retailers and other wholesalers. Need to know if internaional banking and accounting is needed. If so who is more affordable.

your question is not very clear but i will try and respond. If you are importing products then you can either buy on terms documents thru bank with credit terms( ususally 30 to 90 days ) or alternatively by Letter of Credit drawn thru your bank on the supplier. Ensure you do not open a IR L/C as sometimes material could be deffective and the only way you can get back monies is to stop your L/C. Check with your banker about types of L/C

2006-12-27 12:00:16 by kilese

i think they are same. i've searched for universities courses . some of them are teaching global banking while some as international banking. i dont know whether they have same description. pls anyone.

They are one and the same.

2009-01-21 11:16:02 by Zaidi

I was looking into working from home and a website mentioned that you must obey National and International banking laws - well what does that mean? Who wouldn't obey those laws and why?

Thanks for any information - I don't want to sign up for some scam.

different countries have diffrent laws about banking, whether personal or business, so it's always good to learn and check them out before hand. (ex. interest rates, minimums to be held in accounts, transfers, etc). US banking standards are pretty straight forward, but its a good idea to check international banks, especially to avoid being scammed.

2006-09-25 09:59:24 by Stacy Mae

There are many but the most prominent was the Glass Stegall Act which was initiated in 1933 and separated savings and loans from banks and prevented banks from private investments like the brokerage houses . It was repealed by Clinton in 1992 a few weeks before he left office by Executive privelege and has contributed greatly to our problems today. It was prior to WW2 but it was a very big change.

Sarbanes Oxley was a major change in 2002 that changed accounting practices to protect investors from fraudulent accounting practices by corporations.

good luck

2008-12-11 23:21:13 by the real shaz