I just want to share my research result here: Highest interest rate is in Iran (3rd World Country) Up to 24% per year that mean If you invest 100k$ your monthly income is 2k So I decied to invest 50k$ in Iran but first do you have any suggest? 50K$ = 1k$ income per month.
Isn't that interest rate applicable for the local currency only? I'd look up exchangerates first - there must be a certain risk to get this reward...
I suggest you to hire someone with more knowledge then this statistic - because its nothing for 50k investment
You also got to take into consideration the risk involved with investing in Iran, you don't want their government going bankrupt or their currency depreciating... if the value of their currency is deprecating vs your currency you should also take that into account. In addition any political & government problems which might occur. Third World Countries are also more likely to be corrupt, so you might have some issues. Do your research before investing in a foreign country.
What type of guarantees do you have? If there is a risk of losing your whole principal then I wouldn't do it. I've seen people do this with Puerto Rico and make a killing. Also can someone from the US do this?
This is called a carry trade (using funds to invest in foreign exchange interest rates) and has a lot of risk if you don't know what you're doing. 1. risk of default 2. regulations 3. currency exchange fluctuations source: work on wall street
In Russia interest rate almost 11% if you have $35,000, I don't think you have to worry about the Ruble tanking (just don't talk to Russian Lad!) For $1000/month income, without touching the principal, you would need about $116,000.
And invest in what vehicle? Currency, an EFT, plain bank account -- what kind of investment are you talking about?
