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Oct 16, 2008 12:49 AM ET | Feedback | Site Changes | Help
Exchange traded fund to reflect Swiss Franc in USD
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porkbellyfuture (26.21) Submitted: 5/18/07 4:14 AM : Start Price: $79.98 FXF Score: -48.51
Unless you've been living under a rock the past few years, you no doubt have heard plenty of reasons why the US dollar is sure to drop. However:1) All the other people who aren't living under rocks have heard it too, so all the bearish arguments should already be factored into the price2) This is being compared to the S&P 500, which has returned an average of about 10% per year over the long term -- the Swiss Franc would have to average a 10% gain per year, every year, to match this3) On a purchasing power basis, the Swiss Franc and other major European currencies are currently significantly overvalued versus the US dollar
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LeoFender (< 20) Submitted: 8/08/07 2:58 PM
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Cheater!!! LOL!!!
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UCLAgrdstnt (92.42) Submitted: 5/09/08 8:48 PM
Regarding #2: Clearly this may not be a buy and hold for 50 years type investment. This represents a hedge or much like a short instrument a way to play a short to medium term trend. Actually the RMB is probably the best currency to hold for the long haul in my opinion. Jim Rogers has moved all of his money out of dollars. While most US citizens don't have the ability to do this moving some into a stronger currency when the time is right (dollar temporarily up) is a lot easier than opening a Forex account.
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