View Full Version : Purchasing More Dinars! Need Help???
Part-timer
07-31-2004, 06:20 AM
Hi all,
I need some suggestions as to how to split up my next purchase. I'm going to buy 10 to 15 mil more dinars...How do some of you think I need to split it up or not split at all. I want to open a bank account in Iraq, but have had second thoughts. Do I need to put half in an Iraqi bank and buy the rest cash in hand or what. I would like some insight from some of you because you all seem to be so knowledgeable. Just some suggestions. I've got an early tee time this morning, so I want get to see you responses until later this afternoon. I really enjoy this forum so much and you all are just GREAT!! Looking forward to what you have to say. Thanks! :huge:
fsm75
07-31-2004, 06:25 AM
Hi all,
I need some suggestions as to how to split up my next purchase. I'm going to buy 10 to 15 mil more dinars...How do some of you think I need to split it up or not split at all. I want to open a bank account in Iraq, but have had second thoughts. Do I need to put half in an Iraqi bank and buy the rest cash in hand or what. I would like some insight from some of you because you all seem to be so knowledgeable. Just some suggestions. I've got an early tee time this morning, so I want get to see you responses until later this afternoon. I really enjoy this forum so much and you all are just GREAT!! Looking forward to what you have to say. Thanks! :huge:
Partimer:
I think I would put save a third of the USD and wait until you make a decision on the bank account. By the time we are able to invest in the market, the prices will be higher already. In addition, if we do not find a bank that allows easier access to your account than just email, it is better to have the hard currency in your hand. The second reason it is better to have the hard currency in your hand: The stock market is sooo much more of a risk. A company you invested in could fold. There is much less chance of a currency change. I do intend to invest in the stock market, but i will keep the majority of my dinar in hard currency. Just my .02 cents.
Psycho for Dinar
07-31-2004, 10:14 AM
Hi all,
I need some suggestions as to how to split up my next purchase. I'm going to buy 10 to 15 mil more dinars...How do some of you think I need to split it up or not split at all. I want to open a bank account in Iraq, but have had second thoughts. Do I need to put half in an Iraqi bank and buy the rest cash in hand or what. I would like some insight from some of you because you all seem to be so knowledgeable. Just some suggestions. I've got an early tee time this morning, so I want get to see you responses until later this afternoon. I really enjoy this forum so much and you all are just GREAT!! Looking forward to what you have to say. Thanks! :huge:
As for myself, I have been getting the smaller denominations instead of the 25,000 notes. Don't know why, just wanted to diversify a little.
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