You are quite right. All asset classes have been correlated to the downside. I talked about this on my blog (livingoffdividends.com.../).
While UDN is a good idea, the one issue with inverse ETFs is that sometimes they aren't perfectly correlated and you might not make as much money as if you had been long the same basket of currencies. I'd be interested to see how it compares to the basket over the long term - might be a good pair-trade!
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Hi Rob,
Aug 24 22:00 pm
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All Comments by Investor Nirav »10 Solid Dividend Stocks Worth Considering [View article]
Thanks for commenting.
You are quite right. All asset classes have been correlated to the downside. I talked about this on my blog (livingoffdividends.com.../).
While UDN is a good idea, the one issue with inverse ETFs is that sometimes they aren't perfectly correlated and you might not make as much money as if you had been long the same basket of currencies. I'd be interested to see how it compares to the basket over the long term - might be a good pair-trade!