Currency "Investing" Is Ludicrous
Tiffany asks if investing in the Iraqi dinar is a good idea. Dave says no way.
QUESTION: Tiffany in Michigan asks if investing in the Iraqi dinar is a good idea. Dave says no way.
ANSWER: Tiffany, it’s the dumbest idea I’ve heard in I don’t know when. It’s borderline on a scam. A lot of military folks have fallen for this and it’s also running around the internet that you’re supposed to invest. Buying and selling currency of any kind is ludicrous. You’re playing with currencies. It’s a great way to lose the entire investment in an eyeblink.
Add to that the fact that Iraq is a war-torn country and fairly unstable. Did you notice that? No! You don’t bet on currency at all, but you sure don’t bet on that. You might as well throw your money out the window as you’re driving down the road.