Submitted by Creveling & Creveling Private Wealth Advisory on January 31st, 2011
Submitted by Creveling & Creveling Private Wealth Advisory on January 10th, 2011
By Chad Creveling, CFA, and Peggy Creveling, CFA
At some point, those of us living overseas may consider investing in one of the many offshore investment schemes that are actively marketed to expatriates. And it’s understandable why—the promotional literature for these plans can be pretty compelling. The sales pitch might go something like this:
By Chad Creveling, CFA and Peggy Creveling, CFA
A chance to earn significantly higher interest rates on your deposits with the only downside being that you might be converted to a currency you could probably use anyway is pretty appealing, particularly given the paltry yields offered on cash these days. That’s what dual currency deposits promise.