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They are exchange traded Asian curency warrants that IIRC expire in Jan. 2008 and are roughly at-the-money. I haven't quite had the gazungas to buy any of these things, but I suppose I could be convinced. Obviously speculative, though.
"All animals are equal, but some animals are more equal than others."
I wouldn't worry about the holiday Friday. Monday will fix whatever was out of wack.
I have never understood why anyone would want to own a Euro. The self-righteous Europeans are debasing their currency worse than anything DC could imagine. It just doesn't seem to impact their exchange rate as much.
__________________ The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane -- Marcus Aurelius
Forget the dollar. Did anybody notice REIT's (as measured by VGSIX) were up 6% last week.
Yeah, I noticed. I belatedly rebalanced my portfolio and sold off almost a third of my VGSIX. It went up 4.5% over the next two days! But I wasn't trying to time things, so that's just the way things go.
Originally Posted by bpp
If you decide definitely to go to Europe, you could start buying some Euro traveller's checks every month in advance to protect yourself against a huge swing just before you go. DCA.
Interesting idea. I guess that should be obvious to someone investing via DCA, but I don't think I would ever have thought of DCA'ing into a foreign trip. Neat trick!
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