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03-19-2009, 08:11 PM
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#1
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Recycles dryer sheets
Join Date: Jun 2007
Posts: 84
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Commodities
How would you invest if you wanted to play the upside of commmodities due to the depreciating dollar.
Any specific symbols or products?
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03-20-2009, 03:12 AM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2005
Posts: 6,115
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GSG DBC GLD for just gold play
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03-20-2009, 10:50 AM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2007
Location: Independence
Posts: 7,281
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Rental real estate. That's my commodity play.
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03-20-2009, 04:59 PM
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#4
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Recycles dryer sheets
Join Date: Nov 2005
Posts: 331
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Quote:
Originally Posted by Florida
How would you invest if you wanted to play the upside of commmodities due to the depreciating dollar.
Any specific symbols or products?
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Condoms, with all the STD's out there, condoms are in demand. No one wants those ity bity crabaceous thingys crawling on them.
Also, insecticide, bed bugs are on the rise, really, be careful when traveling, spray the bed with Raid, once you get bed bugs and bring them home, you may as well burn all your furniture.
Ammunition, here in Nevadi people cannot get enough, they feel the unemployed masses are about the invade.
jug
bagged, sprayed and locked and loaded.
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03-24-2009, 02:14 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Feb 2004
Location: Mid Hudson Valley
Posts: 1,781
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Look at PCRIX
__________________
In a panamax down by the river.
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03-24-2009, 03:16 PM
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#6
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Thinks s/he gets paid by the post
Join Date: Feb 2008
Location: Indialantic FL
Posts: 1,330
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I have added positions in MLPs and added shares in a Canadian Royalty Trust. I like getting a decent yield whether oil prices go up or not. Most oil stocks and energy funds are pretty well beaten up, although some have recently recovered a bit with oil up near 53.
Jim
__________________
JimnJana
"The four most dangerous words in investing are 'This time it's different.'" - Sir John Templeton
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03-27-2009, 11:53 AM
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#7
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Location: Dallas
Posts: 1,211
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I like the Templeton Global Income Fund (GIM) as a hedge against
dollar depreciation. I pays a decent monthly dividend (~6.8%) as
well.
Cheers,
charlie
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03-27-2009, 01:18 PM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 17,809
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Quote:
Originally Posted by charlie
I like the Templeton Global Income Fund (GIM) as a hedge against
dollar depreciation. I pays a decent monthly dividend (~6.8%) as
well.
Cheers,
charlie
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6.8% per month? Not too shabby. No relation to a guy named Madoff I take it?
Sorry 'bout that Charlie. Couldn't resist
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
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03-27-2009, 02:06 PM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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Since all asset classes save govt bonds are down right now due to credit problems and business weakness, I would expect all these markets to recover(or not) more or less simultaneously. IOW, a bet on copper is partly a bet on copper, but more just a bet on a general recovery. Ditto everything else. Oil may be asomething of an exception, as 80 million barrels get entropized pretty much every day.
So basically I don't buy the commodity portfolio diversification argument.
A few weeks ago it seemed as if no one did. But now I notice people starting to talk once again about "ässet rates of return" etc., as if these were not completely dynamic and depending on where you are starting, and how things evolve.
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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03-27-2009, 02:15 PM
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#10
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,635
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That is a better rate than Millennium Bank was paying.
__________________
Vietnam Veteran, CW4 USA, Retired 1979
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03-27-2009, 02:54 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Location: Dallas
Posts: 1,211
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Scoff if you like, unbelievers. Check out GIM on:
ETFConnect - Home
Then tell me what you think.
Cheers,
charlie
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03-27-2009, 03:13 PM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 17,809
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Quote:
Originally Posted by charlie
Scoff if you like, unbelievers. Check out GIM on:
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Sorry, Charlie. Wasn't scoffing. Thought it was a typo. If you say 6.8%/month, I'll take your word for it. I'd personally stay away from it just cause it sounds risky if ONLY because of the return. Hope it works for you. Thanks for letting us know.
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
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03-27-2009, 03:21 PM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Do 30 seconds of research before opening your mouth and inserting both feet. Charlie even provided a link that you could click, but you would apparently prefer to snipe over nonsense.
For everyone else, GIM is an unlevered closed end fund that invests in sovereign, non-USD denominated bonds. IIRC, the bulk is in developed nations, but there is a modest allocation in emerging economies. If you can buy the fund at, say, a 5% discount to NAV, I think its a nice diversifier and dollar hedge. But I would not go overboard with it. And the yield is more like 6.X% annually.
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"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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03-27-2009, 06:25 PM
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#14
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 17,809
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Quote:
Originally Posted by brewer12345
Do 30 seconds of research before opening your mouth and inserting both feet. Charlie even provided a link that you could click, but you would apparently prefer to snipe over nonsense.
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Actually, brewer, Charlie posted the link AFTER I inserted both feet - which is why I DID apologize to him. Maybe YOU should read posts before commenting on them. I was making a joke - inappropriate as it was, I meant no disrespect to Charlie. He's one of my RE heroes! Actually, so are you FWIW.
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
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03-27-2009, 06:57 PM
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#15
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Touche. But how much effort does ittake to stick a ticker into Yahoo finance or similar and find out what something is before spouting off about 6.8% a month and perceived levels ofrisk?
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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03-27-2009, 09:51 PM
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#16
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Location: Dallas
Posts: 1,211
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My poorly written post about GIM's 6.8% yield intended to say that
GIM pays a 6.8% dividend, on an annual basis of course, and has
a monthly payout, which I like.
Sorry about the confusion.
Cheers,
charlie
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03-29-2009, 03:10 PM
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#17
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Recycles dryer sheets
Join Date: Mar 2009
Location: Akron
Posts: 130
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Im in oil right now. (USO & USL)
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04-25-2009, 04:07 PM
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#18
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Dryer sheet aficionado
Join Date: Apr 2008
Posts: 27
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If the dollar falls, gold mining stocks may do well. Some of the juniors are undervalued, if you want to spend some time researching. I picked up some AGT earlier this week and it has had a nice bump.
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05-02-2009, 08:06 PM
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#19
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Thinks s/he gets paid by the post
Join Date: Aug 2006
Posts: 1,558
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I'm "investing" in 40+ year old comic books.
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