Foriegn Investment

[richw]

Anyone know of a fund either currency or stock that is no load and maybe emerging market stuff.

Maybe India because i don't think its currency is fixed like China

Anyway looking for a play that is end around USA dollar depreciation

Buehler ?

[ilikenapalm]

EWZ.... Brazil exchange traded fund. Not a bad choice if you ask me.

[snowborder]

your timing is not on your side here with Brazil currency or India or anyother currency other than China. All of the depreciation has been taken out. If the US govt depreciates it anymore we will go back to $140 oil and thus hurting our and the worlds economy even further. I give it till there next meeting and they will either prop it through a debt repurchase or interest rate hike. GM has pledge to pay back early the bailout as has most other firms thereby reducing our deficit. GM will do it with an IPO.

China will not continue its peg to the $, but would advise on caution on any single foreign currency. However I will tell you, this is where it is at! Brazil is doing fabulous as well, but how long....

[Eddie]

EWZ.... Brazil exchange traded fund. Not a bad choice if you ask me.

Anyparticular fund of this kind you recommend? I wish I had invested in a similar fund like four years ago when the local brazilian currency was close 4 to a dollar. Today it is about 1.70 to a dollar. You would have had a 235% rate of return ( assuming no front or back end load and other fees).

[BMFR6]

Anyparticular fund of this kind you recommend?

EWZ is the ticker for the fund he is referencing

[Eddie]

EWZ is the ticker for the fund he is referencing

Thanks...just looked it up 94.50% return in the past year....whatta deal

[richw]

I don't believe the China Yuan will be alowed to float even against a basket of currencies.

What would it move to from 7 to 3 yuans/dollar. if it floated
Would you expect a controled down to 6.5 or 6 . I had to chuckle when O man told the Chinese to buy American manufactured goods.

I just scanned about 15 currencies over 1 and 5 years

There was a gradual increase to a peak mid 2008 then a colapse back to about 2005 levels.

It raised over the 2009 but still is not back to the peak of early 2008 about 10% short

[Eddie]

I don't believe the China Yuan will be alowed to float even against a basket of currencies.

What would it move to from 7 to 3 yuans/dollar. if it floated
Would you expect a controled down to 6.5 or 6 . I had to chuckle when O man told the Chinese to buy American manufactured goods.

Either way it would whip any interest investment.

I am a putz cause when gold hit 990 I said when it goes down again near 950 i will jump in big

Brazil eehh

Why do you think Indian currency is done ?

Thats right man...the yan in on a hard peg to the dollar in order to keep US demand for Chinese goods. China is kinda the opposite to what happened to the Argentinean peso where they had a peg to the dollar and a currency that was losing real value. Eventually, the Argentinean central bank ran out of foreing reserves which prompted an huge domestic crisis due the the loss in exchange rate.