Head's up re: Monex
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SunFan
HoneyBee
ferret
Trailrunner
Intercasa
RVGRINGO
gringal
CanuckBob
DaveP
coffeeguy
14 posters
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Re: Head's up re: Monex
Check this out:
https://www.xe.com/currencyconverter/convert/?From=USD&To=MXN
This is current.
https://www.xe.com/currencyconverter/convert/?From=USD&To=MXN
This is current.
gringal- Share Holder
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Join date : 2010-04-09
Re: Head's up re: Monex
A 28 day cete is paying 8%??? So per annum it is paying 84%????? Not likely.
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Re: Head's up re: Monex
CanuckBob wrote:A 28 day cete is paying 8%??? So per annum it is paying 84%????? Not likely.
At Intercam (Ajijic), cedes are paying 6.72 net, after taxes, per annum. (not per month or 28 days)
slainte39- Share Holder
- Posts : 9348
Join date : 2010-07-22
Re: Head's up re: Monex
Yes, thats what I thought so the example above by casa nada is in correct.
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Re: Head's up re: Monex
slainte39 wrote:CanuckBob wrote:A 28 day cete is paying 8%??? So per annum it is paying 84%????? Not likely.
At Intercam (Ajijic), cedes are paying 6.72 net, after taxes, per annum. (not per month or 28 days)
...which is a decent return on your money, provided that the institution does not do a "Monex" on you.
gringal- Share Holder
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Re: Head's up re: Monex
Or, you could leave your money in a US or CA bank and sleep at night.
addtocart- Share Holder
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Re: Head's up re: Monex
Yep.....the risks are there and the pesos is quite unstable.
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Re: Head's up re: Monex
gringal wrote:slainte39 wrote:CanuckBob wrote:A 28 day cete is paying 8%??? So per annum it is paying 84%????? Not likely.
At Intercam (Ajijic), cedes are paying 6.72 net, after taxes, per annum. (not per month or 28 days)
...which is a decent return on your money, provided that the institution does not do a "Monex" on you.
I watch things pretty closely, and I don´t let bank employees make decisions for me or give them a loose bridle with my account.
I´m just as leery of sending my "savings" NOB as some of you are sending them south. If you act like you are "out to lunch", and don´t police your investments and banking activity, I suppose there will always be those who will take advantage of the opportunity.
Just stay engaged and know how to monitor.
slainte39- Share Holder
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Join date : 2010-07-22
Re: Head's up re: Monex
CanuckBob wrote:Yep.....the risks are there and the pesos is quite unstable.
I´m a xenophobe and don´t trust foreign banks.

slainte39- Share Holder
- Posts : 9348
Join date : 2010-07-22
Re: Head's up re: Monex
Bank accounts in the US and particularly Canada are insured and their fraudulent employees go to prison. Sorry no comparison.
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