Korean Job Discussion Forums

[steelhead]

Hey all,

Ive accumulated some US currency, and it is currently sitting in a US currency account, doing nothing.

I hate the idea of not having money my whole life and then finally I come by some, and its just sitting in there gaining its 32 cents a month.

Considering the terrible state of the US dollar, I wanted to put it into some low risk investments and sit on it till I, a) need it or b) the US dollar recovers.

I know nothing about managing finances. Being the starving student for the last 7 years isnt very condusive to learning about investments and money management.

Thanks

[mindmetoo]

[Newbie]

All of the big banks back home should offer a wide range of US dollar mutual funds for you to check out. Some risky, some not so risky and they have the potential for much better retuns than a simple Bond

Bond's are boring. Mutual funds are fun to keep track of and they give you the option you to start off small and just "get your feet wet" without risking too much. Even as US BOND MUTUAL FUND should be able to do better than plain old bonds.

TD Bank has a lot of options (I worked there for 7 years). Check them out at www.tdcanadatrust.com

[Hater Depot]

Whatever you do, for the love of everything holy don't go for an actively managed fund. Passively managed funds are less sexy but offer much better long-term returns -- the fees and costs associated with actively managed funds will eat away a sizeable chunk of your returns. Unless you're doing it for fun, don't fool yourself that you can beat the market.

[seoulshock]

You can invest that money into a real estate investment trust (REIT), and they are traded on the stock exchanges.

Washington REIT pays approx. 5.20% in annual dividends (paid quarterly). NYSE: WRE

Healthcare Property Investors pays approx. 6.40% in annual dividends (paid quarterly). NYSE: HCP

Weingarten Realty SBI pays approx. 4.70% in annual dividends (paid quarterly). NYSE: WRI

There are so many others, but these are three REITs that have a proven track record of higher annual dividends and/or higher earnings per share.

*esp. WRE, it has I believe a multi-decade success record, so that might be a good start for you.

Of course, you'd need to open a trading account, which you can do with an online discount broker, such as Scottrade (I believe $7/trade) or Firstrade (I believe $6.95/trade). Then there are other brokers that are maybe $30, $50, even $100. Of course, to get the deal on Scottrade and other online discount brokers you'd need to know what you're doing. For broker assisted orders, you may be charged like $30/trade or so.

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PS: You can also try investing in a bank. For example, Comerica (CMA) has increased their dividends to investors for the past 50+ years or so (something like that). Currently the yield is 3.70%. It's less than the REITs because in order for a company to qualify as a REIT, at least 90% of their earnings must be handed out as dividends, which is why I like them, but 3.70% is also good for a non-REIT, considering other big companies typically give less than 1% or so.

Wells Fargo has a dividend yield of 3.30% (NYSE: WFC). So if you're into banks, these two are good.

[Wrench]

[Newbie]

[RachaelRoo]

What are the tax consequences of investing your Korean money with a Canadian bank if you want to avoid paying taxes on your overseas earnings? If you have non-residency status is it basically no problem, or would investing your money with a bank back hope hurt your chances of getting approved for non-res status?
Anyone know?

[Newbie]

[4 months left]