There are simple, lower risk means of gaining diversification out of the dollar, such as Everbank.com’s currency CD’s.
But, you need to have at least some degree of awareness of broader currency trends. Jumping in when the dollar is very strong is a better bet. Jumping in when the dollar is very weak is going to diminish your return. Political and economic factors enter into the picture.
These currency CD’s through Everbank are FDIC guaranteed, too. So, there’s an added level of security, provided the FDIC continues to be funded.
By choosing wisely and following broad trends, you can maximize your return with the rate of return on the CD itself, plus currency fluctuation. If you choose poorly, you’ll end up with less money than you started out with.
Like all CD programs, the funds must remain for a fixed period of time, or be penalized for early withdrawal.
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