Currency Investing Is Ludicrous!

by | Jul. 12, 2010


Dear Dave,

What do you think about investing in the Iraqi dinar? According to the information, you get $250,000 in dinar for just $250. Is this a good idea?


Dear Tiffany,

This is the dumbest thing to come along in years. It's borderline on a scam! A lot of military folks have fallen for this, and there are ads all over the internet for the stuff.

Buying and selling currency of any kind, whether it's the yen, the pound, or the Euro, is ludicrous. Playing around with currencies is a great way to lose your entire investment in the blink of an eye. Add to that the fact that Iraq is an extremely unstable, war-torn country, and it makes it one of the dumbest things you could ever do with your hard-earned money.

Don't do it, Tiffany. You might as well just throw your money out the window while you're driving down the road. At least then you'll get a laugh watching everyone go wild trying to pick it all up!

- Dave

* For more financial help, please visit

Comments and feedback can be sent to