Is FXE a good hedge against the US dollar or can you outline a better stock strategy?
Saturday, April 10th, 2010 at
9:18 am
My reservation with ETF’s is that sometimes they are too thinly traded to be practical. Help?
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Filed under: Stock Trading Strategy
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I suggest staying away…. try getting into some CLM
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I believe I might be able to suggest a better strategy. Look carefully at GIM. It is a closed end fund that invests in foreign government debt instruments. Unfortunately, during the last month or so it has become discovered, so to speak. It is now selling at a premium to net assets. There are several other alternatives. SWZ is an equity fund that invests in Swiss stocks, so the assets are in Swiss francs. CHN is an equity fund that invests in Chinese companies so the assets are in Chinese currency. IIF invests in Indian companies so the assets are in Indian currency. All of these have returned better than 15% during 2006 whereas FXE has returned about 9.6%. There is also an idex fund that might suit your fancy. ADRD. It invests in developed foreign market stocks. This year’s return is 19%. Largest holding is BP at 4%. There are many other options that I believe would serve you better, but these should serve to point the way.
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Yes.
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Hey you finally asked a question in the correct category! BIG BOY!!! Good for you!!!
Now you don’t have to lash out at people who point out your mistakes!
Paxil. Up the dosage.
References :