Re: Diversification in world curriencies
This is a reply to Shockwaves post more so than to the original poster(Everbank to answer your ? GTM,i have no experience with them).Several times ive re written this post to send,shifting my focus,but i just cant keep it concise,so how bout this.Take what you know(hugenormous debt),and listen to the news and parse out current and near future plans/agenda's.Does it sound like this debt is going up or down?
Theres only 3 ways out,deflate away the debt by way of currency devaluation or the mother of all econ booms,or slow politically painfull addressing of the issue.I prefer 2 assets as a hedge against the unlikely(foreign CD's would be another,there may be more).Foreign bond exposure and commodity exposure,since by default both(to a certain extent) will rise in terms of the dollar since it is/may fall further.Realize that since your definitely not close to the top of this trend that there will be some volatility.Ideally your equity side of the equation is/will take care of this to a certain extent at this time considering the rally underway.Hope this helps some,its very hard to get real econ data without some agenda or straight line farcicle(sp?) projection.So i spose thats a good reason to use the shotgun diversification method,its the %'s that may take a bit of dialing in.Which ill leave up to you engineer typesl.Cheers all---ak
real men dont use dryer sheets