I have a moneymarket accnt that is losing as the dollar falls. Is it logical to move some or all into foreign currency?
2007-11-07 23:47:28 · 4 answers · asked by MrNeutral 6 in Business & Finance ➔ Investing
Yes it is logical. You could buy a foreign bond fund, which would supplement the currency effect with income, foreign currency futures, or at an account in a bank that offers accounts in foreign currency.
2007-11-08 01:11:11 · answer #1 · answered by OPM 7 · 0⤊ 0⤋
You can probably find funds or ETFs that deal in currency speculation, but it it just that: speculation. I would keep an such speculative investment to a small percentage of your portfolio.
2007-11-08 09:57:42 · answer #2 · answered by npk 7 · 0⤊ 0⤋
Open an acct at an int'l bank, and fund it in Euros. This would be an unleveraged position.
2007-11-08 12:09:24 · answer #3 · answered by Anonymous · 0⤊ 0⤋
don't their markets in trouble
2007-11-09 15:31:58 · answer #4 · answered by Anonymous · 0⤊ 0⤋