Re: Puzzel of interest
In article <bbm4bu0cg1@drn.newsguy.com>, jet_boy@deja.com says...
> On Wed, 4 Jun 2003 11:50:01 -0400, "Kevin ...
> >
> >> 2. Where should I have put the money?
> >
> >Outside Japan. My checking accout has a 1.31% APY. Put the money there.
>
> The US dollar is at a 2 year low to the Yen.
>
> http://au.finance.yahoo.com/m5?&a=1&s=USD&t=JPY&c=2
>
> So you would seriously suggest someone put money in US dollars to get a 1.3%
> return in the face of a strong possiblity of an adverse movement in the exchange
> rate?
I'm guessing Kevin would advise everyone here to put money into his
checking account. Seriously.
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