FXE safe place to park $?

Discussion in 'Stocks' started by cwm9, Mar 17, 2008.

  1. cwm9


    FXE is an ETF that represents a trust holding EURO in an account.

    I currently hold some shares, but am wondering how safe this kind of arrangement is.

    I don't have quite enough $$$ to open a foreign bank account directly, plus even if I did that the rules all stink. (HSBC's No interest if you make a withdrawl, etc.)

    FXE seems safe because they pay interest and take expenses out of the interest (or out of the fund if interest doesn't cover it), but just want to make sure I'm not setting myself up here.