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realtime · 10-31-2007, 07:35 PM

How can I protect clients from the dollars devaluation. Can one buy in dollars to get paid ultimately in Rupees? I am insurance licensed in Maryland, Virginia and Florida.<br />

goodMOnk · 10-31-2007, 07:35 PM

your visit in this site

hansen · 10-31-2007, 07:35 PM

If they have NRI status in India, they can get through LIC's mail order business.

Good Luck !

goodMOnk · 10-31-2007, 07:35 PM

If you want to protect against currency risk, you can do this on the options market. Options are securities, not insurance products. You will need to register with NASD for your series 7 and 63 as a minimum. Talk to a good stock broker before you do this so you can understand how it works and how feasible it is. Good luck.

getnick · 01-08-2008, 04:36 AM

Quote:

Originally Posted by goodMOnk

If you want to protect against currency risk, you can do this on the options market. Options are securities, not insurance products. You will need to register with NASD for your series 7 and 63 as a minimum. Talk to a good stock broker before you do this so you can understand how it works and how feasible it is. Good luck.

Even though i have the power to delete these type of posts, i'm going to leave it because they show the true value of bad advice. word of warning, there are people out there that have no clue what the hell they are talking about and will lead you to a bad decision.

If you want to protect against teh value of the dollar, check into forex. if they are simply saving the money, find a solid money market or cd.

P.S. Why the heck would anybody want to invest in rupees?

reckedracing · 06-25-2008, 10:02 PM

Cause the indian economy is booming?
i that thats where rupees come from

getnick · 06-25-2008, 10:08 PM

the only reason i want a rupee...

Quote:

The Rupee was the main currency in the hit Nintendo video game series

reckedracing · 06-25-2008, 10:12 PM

Quote:

The Rupee (₨ or Rs.) (Hindi and Urdu: Rupiya, from Sanskrit rupyakam meaning coins of silver) is the common name for the currencies used in India, Pakistan, Sri Lanka, Nepal, Mauritius, and Seychelles; in Indonesia the unit of currency is known as the rupiah and in the Maldives the rufiyah. The Indian rupee and the Pakistani rupee are subdivided into one hundred paise or pice (singular paisa), the Sri Lankan rupee into 100 cents and the Nepalese rupee can be subdivided into one hundred paisa or pice (both singular and plural) or four Sukas (sing. Suka) or two Mohors (sing. Mohor).

boya

getnick · 06-25-2008, 10:21 PM

eh, i would have rather invested in the euro.

reckedracing · 06-27-2008, 09:19 PM

this thread cracks me up everytime i read it in the main forum view

I want to sell my clients....

I have many days like that

getnick · 06-27-2008, 09:22 PM

i think the same thing. then i see rupees. this thread is full of failure.

nootrac22 · 06-29-2008, 04:06 PM

10-31-2007, 07:35 PM	#1 (permalink)
realtime Greenhorn Join Date: Jul 2006 Posts: 27 Rep Power: 3	I want to sell my clients annuities/insurance that they buy in dollars and get paid in Rupees. How/Where? How can I protect clients from the dollars devaluation. Can one buy in dollars to get paid ultimately in Rupees? I am insurance licensed in Maryland, Virginia and Florida.<br />

10-31-2007, 07:35 PM	#2 (permalink)
goodMOnk Greenhorn Join Date: Jul 2006 Posts: 18 Rep Power: 0	I want to sell my clients annuities/insurance that they buy in dollars and get paid in Rupees. How/Where? your visit in this site

10-31-2007, 07:35 PM	#3 (permalink)
hansen Greenhorn Join Date: Jul 2006 Posts: 17 Rep Power: 0	I want to sell my clients annuities/insurance that they buy in dollars and get paid in Rupees. How/Where? If they have NRI status in India, they can get through LIC's mail order business. Good Luck ! Last edited by briansol; 01-10-2008 at 06:11 AM.

10-31-2007, 07:35 PM	#4 (permalink)
goodMOnk Greenhorn Join Date: Jul 2006 Posts: 18 Rep Power: 0	I want to sell my clients annuities/insurance that they buy in dollars and get paid in Rupees. How/Where? If you want to protect against currency risk, you can do this on the options market. Options are securities, not insurance products. You will need to register with NASD for your series 7 and 63 as a minimum. Talk to a good stock broker before you do this so you can understand how it works and how feasible it is. Good luck.

06-25-2008, 10:02 PM	#6 (permalink)
reckedracing Greenhorn Join Date: Aug 2006 Age: 28 Posts: 26 Rep Power: 3	Cause the indian economy is booming? i that thats where rupees come from

06-25-2008, 10:21 PM	#9 (permalink)
getnick Super Moderator Join Date: Aug 2006 Location: West Coast Posts: 545 Rep Power: 4	eh, i would have rather invested in the euro.

06-27-2008, 09:19 PM	#10 (permalink)
reckedracing Greenhorn Join Date: Aug 2006 Age: 28 Posts: 26 Rep Power: 3	this thread cracks me up everytime i read it in the main forum view I want to sell my clients.... I have many days like that

06-27-2008, 09:22 PM	#11 (permalink)
getnick Super Moderator Join Date: Aug 2006 Location: West Coast Posts: 545 Rep Power: 4	i think the same thing. then i see rupees. this thread is full of failure.

06-29-2008, 04:06 PM	#12 (permalink)
nootrac22 Piggy Bank Join Date: Mar 2008 Location: pa Age: 32 Posts: 79 Rep Power: 1

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