Lux Investing
does the type of currency matter when investing in an american based mutual fund?
I'm an American living and working in Thailand, and earning baht. In regards to currency, I would like to know what I have to do (exchange currency etc) to invest in a mutual fund like those offered by Vanguard. Cheers.
Public Comments
- payment is required in US dollars. so, you'll need a USD account somewhere in order to pay, or an account in a major bank that will exchange the currency of the account into US dollars. note that SEC regulations require settlement within three business days, which an ordinary account in a Thai bank may not make possible. of course, you could email Vanguard directly and ask them.
- I believe you can open your account on-line...but then mail your check to Vanguard...it should be a simple matter to go to the bank and have them write a check or money order in dollars... made out to Vanguard. Once your money is in the account... your trades and settlements will be made from that account. That's where " three days" comes in....
