Garett Goh (teacher) shares his personal experience about investing in low cost funds.
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Saturday, October 16, 2010
Invest in Chinese yuan
Dear Sir,
I have an amount around 1.5k. I am currently a tertiary student studying in NUS. Is it advisable to invest in chinese yuan now? How do i invest in such currency? By buying from the bank?
REPLY
It is not worth the trouble to speculate in the Chinese yuan.
You have to open a bank account in China and transfer money there.
It is not easy and quite costly.
Keep your money in SGD which is one of the strongest currency in the world now.
Read my FAQ about "Invest in Foreign Currency" in www.tankinlian.com/ask.aspx
Direct link to FAQ
I have an amount around 1.5k. I am currently a tertiary student studying in NUS. Is it advisable to invest in chinese yuan now? How do i invest in such currency? By buying from the bank?
REPLY
It is not worth the trouble to speculate in the Chinese yuan.
You have to open a bank account in China and transfer money there.
It is not easy and quite costly.
Keep your money in SGD which is one of the strongest currency in the world now.
Read my FAQ about "Invest in Foreign Currency" in www.tankinlian.com/ask.aspx
Direct link to FAQ
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