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Zecco.com » General Investing » ETF & Mutual Fund Investing » So is this the right or wrong time ...
Last post 03-21-2008, 7:17 PM by justinslot. 4 replies.
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  •  02-29-2008, 9:24 PM 24438

    So is this the right or wrong time to get into a currency-based ETF?

    Reply Quote
    Like FXE? I was thinking maybe the dollar would keep dropping, but then again it's dropped so much already so a lot of people are already on the Euro train. And chasing performance is supposed to be a no-no. But Bernanke is promising to print even more money....

  •  02-29-2008, 10:37 PM 24440 in reply to 24438

    Re: So is this the right or wrong time to get into a currency-based ETF?

    Reply Quote
    The risk you take is not worth the expected rewards you might get. While there is no guarantee that the government will print more money, there is a good chance they will try to avoid it, because trashing dollar even more may destroy the US economy to an irreversible point. I expect it stay near the current level for a while (maybe a little lower), and then start picking up as the war is over. Instead you may try to make some money in the bear market we are in. It looks like it will continue for at least another 6 months.

  •  03-01-2008, 6:32 AM 24444 in reply to 24440

    Re: So is this the right or wrong time to get into a currency-based ETF?

    Reply Quote
     I agree. When we crossed the Canadian dollar, there was significant concern about a depreciated currency and the potential for inflation. On the other hand, remember the Canadian dollar 5 years ago that it was depressed and it has since rebounded.
    Aqua

  •  03-03-2008, 2:33 AM 24508 in reply to 24444

    Re: So is this the right or wrong time to get into a currency-based ETF?

    Reply Quote
    Thanks for the replies, guys. I will not press the Euro panic button.

  •  03-21-2008, 7:17 PM 25504 in reply to 24438

    Re: So is this the right or wrong time to get into a currency-based ETF?

    Reply Quote
    New currency-based ETNs! Elements and Market Vectors. I might take a gamble on CNY, which goes up as the yuan gains in value against the dollar. Long-term it seems like a no-brainer, the yuan almost has to go up, but short-term it seems risky since you're at the mercy of whatever China decides to do with their monetary policy. And the yuan is still a pegged currency (the basket includes dollars, euros, yen and won) so if the dollar rises against those currencies--I think that means CNY still goes up but not as much as it would? That's what my total armchair economist theory is telling me.
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