Quote:
Originally Posted by manaboutown
I own two dividend oriented international ETFs, IQDG and EUDG. They comprise only a small percentage of my portfolio.
Back in the late 1970s, very early 1980s a colleague at work spent a lot of time in a small town a good ways down on the west coast of Mexico. He converted a substantial amount of his savings into pesos and deposited them into a CD or similar savings instrument in a Mexican bank as they were paying a very high interest rate, maybe 18 - 22%. Then the peso devaluations started. The bank would not return his money as he had time deposits. His losses were terrible.
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This is my fear in the states. I feel there's an elephant in the room and everyone is in denial.