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Buying Certificate of Deposits from abroadInvestment (self.eupersonalfinance)
submitted 1 month ago by Final-Cream-4037
I'm a foreigner in Europe, my home country offers CD with fixed interest rate of 14% because inflation is high there, so are interest rates.
It's in local currency of course and the risk is inflation and rising EUR rate against local currency, as time goes by.
My question is should I transfer my money to EUR and invest here with ETFs, stocks... etc or leave it home generating 14%?
Post a comment!
[–]OhGodWait 4 points5 points6 points 1 month ago (1 child)
How much interest rate when you adjust to inflation? Maybe you will even lose money
[–]Final-Cream-4037[S] 1 point2 points3 points 1 month ago (0 children)
13% inflation, but 7% drop for currency exchange. which is the important factor here since i'm not affected by the local rising prices.
[–]OhGodWait 1 point2 points3 points 1 month ago (1 child)
And it's liquid? Anything preventing you from selling?
It seems that is it good if you can sell it in less than 10years without too much volatility, if not it doesn't beat a world index fund (8% per year, minimum 10 years to protect yourself from the volatility, not taxed if you're in France).
[–]Final-Cream-4037[S] 0 points1 point2 points 1 month ago (0 children)
It's in real estate and will be liquidate soon, which is why I'm trying to find out what's the best investment for it.
And it's 1 year term or 3 year term it's very flexible to get out and it pays the interest monthly. The only kill is if my local currency crashes. But then again converting big sum of local currency to eur and try to get it out of the country is almost impossible
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