CosmicMind
Saturn Sedan and PT Cruiser enthusiast.
FASTLANE INSIDER
EPIC CONTRIBUTOR
LEGACY MEMBER
MEMBER
Read Rat-Race Escape!
Read Unscripted!
So back when I was in college(studied finance) I used to supplement my income with currency exchange arbitrage. How? Simple. I would go to the money exchange houses(Casa de cambios) by the border and buy pesos and then run into Mexico and buy dollars.
Of course only if the buy price for pesos in the U.S was higher than the sell price for dollars in Mexico(wasn't everyday, but would happen at least once a week usually on a Monday or Tuesday). I used to average about a 3%-5% return per trip. I used to do it with about $4-5k. Whats 3% of $5k? $150. Do two trips=$300. Do three? $450. Not bad for being some college kid nobody wanted to hire
.
A few months back the peso hit 22. I knew it was undervalued.
Now its at 17.8. Imagine if you would have invested some money.
Anybody else here mess around with the peso?
Of course only if the buy price for pesos in the U.S was higher than the sell price for dollars in Mexico(wasn't everyday, but would happen at least once a week usually on a Monday or Tuesday). I used to average about a 3%-5% return per trip. I used to do it with about $4-5k. Whats 3% of $5k? $150. Do two trips=$300. Do three? $450. Not bad for being some college kid nobody wanted to hire
.A few months back the peso hit 22. I knew it was undervalued.
Now its at 17.8. Imagine if you would have invested some money. Anybody else here mess around with the peso?
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
