I've consistently had a lot of money spread across a lot of sportsbooks and Neteller over the past few years. They are all in US Dollar currency accounts. I know that Neteller and many sportsbooks out there allow you to open accounts with other currencies such as the Euro.
Being that the US Dollar is, and most likely will continue to be shaky, my question is whether or not it would be wiser to have all that money offshore in another currency rather that the dollar.
The one obvious setback that I can see is that, because I use so many sportsbooks, I'm sure there are many that only allow you to choose a Dollar based account. That means that if I have a Neteller account that is set to Euros, I'd have to pay the ridiculous exchange fee that Neteller charges when depositing and withdrawing from the book.
Would it still be worth it?
Being that the US Dollar is, and most likely will continue to be shaky, my question is whether or not it would be wiser to have all that money offshore in another currency rather that the dollar.
The one obvious setback that I can see is that, because I use so many sportsbooks, I'm sure there are many that only allow you to choose a Dollar based account. That means that if I have a Neteller account that is set to Euros, I'd have to pay the ridiculous exchange fee that Neteller charges when depositing and withdrawing from the book.
Would it still be worth it?