mb
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The scope of your question is so vague I can only guess at what you mean. I'm assuming you mean that you'd like to participate directly in currency positions, going long either the dollar or the Euro. And further, that you want to know which is going up from here. Along those lines there is an interesting mutual fund with the symbol MERKX. It is a hard currency fund which invests in the money market funds of countries "pursuing healthy monetary policy." It pays about 5% interest and is basically moves inversely to the dollar. Gold is another inverse dollar play. There are a couple of gold ETFs-- IAU and GLD. The Euro currency ETF is symbol FXE.
Keep in mind that you may very well see a bounce in the dollar once these fearful times start to pass. When fear reigns people put more money than usual in money market funds which in effect, increases the money supply. As assets are allocated out of money market funds and other cash like investments- CDs for instance- the dollar will probably rise. I don't see this happening until after the November elections. |
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cityzen
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You should diversify, of course, but I would tend to favor Euros and other foreign investment funds if I were you.
As long as the US is spending so much on wars and other stuff it can't afford, the US currency is expected to decline. It'll be a while before responsible fiscal policy can get us out of this mess. |
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fullblastus
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USD will be a really long-term investment. Perhaps 40-50 years. USD could tank should the Arabs insist on Euro for barter -- not likely, because Europe would have to forgo budget administration / oversight by Brussels. Europe cannot afford to drop their social programs.
On the other hand, Euros are overpriced, and I don't see much maneuver room. However, unlike American banks, the European banks are seeking depositors and paying healthy dividends.
Lastly, it depends on your tax number id. America won't allow investment (legally) without your country's tax ID number. Europe wants close to 45% of any profits you make for tax purposes. |
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BRENDA
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It's hard enough to choose the right sector, are you really such a sophisticated investor that you can also manage FX risk effectively?
I recommend investing in the currency of the country you intend to live in. |
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Sectionator
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Hmm tricky.
How large are your investments?
And would you really make large investments based on anonymous information from this forum?
How about you just send me a check and I'll invest it for you
nigerianscams@ripped.off ?
(heh .. I see I am not the only nigerian here) |
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digitalchinky
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You should have invested in Euro already, that way you'd be raking in some good greenback right now, then you would sit on that until their economy recovers. Bam, you're rich. (Or so the theory goes) |
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Frankenstein's Punguin
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Invest in bomb shelters.
Actually, invest in solar power and firms that are researching nutational energy. |
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Kacey
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The US economy is in a fair amount of trouble. This is why the US dollar has been falling against other currencies in recent times. I would invest in Euros. |
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Ash
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ignore the other 2 nigerians above. i'm king abdullah bullah lullah of nigeria. My late cousin died leaving me 10million pounds. If you give me 1000 pounds then i'll give you 5 million pounds backs. This is just a small fee to pay to release the funds. You can trust me..... |
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Formerly known as Frank Castle
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Euros. |
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Dan-TheYoungInvestor
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Definitely Euros! The American dollar will continue its decline!
Dan
http://theyounginvestor.net |
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NotEckyBoy
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I'm glad you asked me that. I am a Nigerian Businessman, part of the Nigerian High Commission.
Give me your sort code and a/c number and I will invest the money in an appropriate location. |
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diogenes
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A fool and his money are soon parted.
Its astonishing how ignorant people like to throw their 2 cents in and present their opinions as if they were knowledgeable.
All fiat currencies are in deep trouble. Study central banking history. 'money masters' on google video is a good start. Its 3.5 hours long and well worth the time.
I'm invested in oil and silver futures. The economy as we know it is about to head off a cliff. The USD will drop before the Euro. Get out of the stockmarket if you're in. We're in peak oil right now so oil is a good bet.
After you make solid returns in this, cash out and buy physical silver and gold before the fed pulls the string and contracts the money supply creating another engineered depression like they did in 1929.
I'm so angry and disappointed at humanity. Oh well, our hubris is our population control. |
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