CNY Forum Topics
- All Comments on CNY
- General Discussion on CNY
- On China and What the World Won’t See During the Olympics [view article]
- China's Impending Financial Crisis [view article]
- Good Time to Buy Chinese Currency: Follow the 'Hot Money' [view article]
- Finding Your Comfort Zone with Currency Investing [view article]
- Six Ways to Trade Foreign Currencies [view article]
- Multinational Corporations Step Up the Search for the Next China [view article]
- Wednesday Currency Roundup [view article]
- Jim Rogers' Picks and Pans - Barron's Interview [view article]
- New Currency ETFs - Give Them Some Time [view article]
- How Bad Is the Dollar's Fall? [view article]
- Currency ETFs and ETNs [view article]
- Pause For Concern On Chinese Currency ETN [view article]
loading ...Recent CNY Articles
- Getting Through the Mess in the Markets
- On China and What the World Won’t See During the Olympics
- China's Impending Financial Crisis
- Good Time to Buy Chinese Currency: Follow the 'Hot Money'
- Finding Your Comfort Zone with Currency Investing
- Multinational Corporations Step Up the Search for the Next China
- Wednesday Currency Roundup
- Six Ways to Trade Foreign Currencies
- As Traders Prepare for the Long Weekend, Dollar Goes Soft
- New Currency ETFs - Give Them Some Time
- Full List of Articles »
Six Ways to Trade Foreign Currencies [view article]
The expense ratios are important, but with currency funds they are far from the complete story. Also check the bid/ask spreads among the various vendors and the spread between the interest earned and interest paid. Rydex and Wisdom Tree have the lowest ERs, although Elements are also about the same as Rydex. Van Eck is the highest, with a .55% ER. But, recall that ETNs all have futures to buy, and the costs of futures are not included in the overall expense ratio.In terms of tax implications, the interest earned on ETFs and ETNs is taxable for the year in which it is either paid or declared. But, with ETFs, you at least get the dividends. With ETNs they are added to the total value of your investment but are not paid our. You must sell the shares to capture them, and you must pay the tax on them even though they are not paid out. To me, this gives an edge to ETFs. Reply
Six Ways to Trade Foreign Currencies [view article]
What about the tax implications if held in a taxable account?Thank you. Reply
Six Ways to Trade Foreign Currencies [view article]
Very interesting article but I would appreciate your opinion of the relative merits of each etf when considering fees. Your future discussion of the various strategies being employed also sounds promising. Replyinvestor
New Currency ETFs - Give Them Some Time [view article]
To Kurt WalterYou can sell short these new currency ETF's.... Reply
How Bad Is the Dollar's Fall? [view article]
I never heard of any definition of a bubble that was so left field. A bubble is generally caused by a positive feedback mechanism where individuals observe and adopt the behavior of others. You don't need an increase in supply. In fact, an increase in supply would be a negative feedback response which could, if sufficiently large, collapse an existing bubble. ReplyNew Currency ETFs - Give Them Some Time [view article]
I am watching intently. This is an exciting asset class for diversification. Like the author, I am watching the China and Brazil currency funds. ReplyNew Currency ETFs - Give Them Some Time [view article]
I would like some ETFs that short all these currencies, too. Being about to go long and short gives more flexibility. ReplyNew Currency ETFs - Give Them Some Time [view article]
Its my impression that the currencies are held in NDF form (non-deliverable futures). i.e. you cant demand payment in the actual currency.While I dont know about the structure underlying the NDF (how are these issuers hedging? are they buying CNYs?) What this means is that during periods of high demand (rush into CNYs), they will likely incoporate some of the expected appreciation and trade at a premium fx rate. When everyone is selling, I expect a big discount.
There are too many unanswered questions as to what one actually owns. What happens if convertibility is restrictred/suspended? Reply
t
How Bad Is the Dollar's Fall? [view article]
Yes, oil and may I add gold.To put this in perspective, beyond paying for the war, trade deficit, pork barrel projects, global military build up.... do not under estimate what I consider the grandfather of all bear scenario:
The US ENTITLEMENT PROGRAMS (social security, medicare, medicaid, etc) was estimated to be at about 2/3 of the federal budget. This figure is in the trillions of dollars.
MSNBC: www.msnbc.msn.com/id/1.../
The Heritage Foundation: www.heritage.org/resea...
Wiki: wiki.answers.com/Q/Wha...
This will play itself out in the next 20 to 30 years, when 60 million boomers begin to retire. They will be collecting more and using more, and contributing less. Yes, it's payback time for them.
Make not mistake, the US government is bankrupt and has already dipped into the social security cookie jar for sometime. If history repeats itself in fiat currencies, there is a 99% chance that the US government is going to print more and more money. Why else do they stop publishing M3 money supply a few years back.
A second factor that will aggravate the dollar decline is oil, or the lack there of. There are no new and bigger oil fields discovered, there is vehement opposition on oil exploration within the borders of US. Oil can rise to $200, $300, $400.... and the cost of gasoline to string beans will sky rocket.
The public probably thinks that gasoline comes from gas station - NOT. It originates from oil fields. Oil can be at $1,000 a barrel and it is still not a bubble because by definition a bubble is when price increase when there is an excess supply of the item of interest. Again, where are the new and larger oil fields?
The future is bleak for all who holds US$, especially those who are retiring as they are at the end of their productive years and have most of their wealth in the 'safety' of cash.
Reply
Jackson
Currency ETFs and ETNs [view article]
Update: We just added the following new currency ETFs:WisdomTree Dreyfus Chinese Yuan Fund (CYB)
WisdomTree Dreyfus Brazilian Real Fund (BZF)
WisdomTree Dreyfus Indian Rupee Fund (ICN)
WisdomTree Dreyfus Euro Fund (EU)
WisdomTree Dreyfus Japanese Yen Fund (JYF) Reply
How Bad Is the Dollar's Fall? [view article]
Yes, once again, the dollar is backed by a hard asset: oil. Oil is the main inflation hedge to play. ReplyPause For Concern On Chinese Currency ETN [view article]
Question for edhui88:I have tried contacting banks in HK regarding opening a chinese renminbi account. They told be only HK ID holders can open one.
I will be in China mainland in a few months...I would prefer to open the account here if possible. Can you please confirm which domestic banks will definitely allow this, as I had heard this also was not possible for foreigners? Thanks Reply
Jim Rogers' Picks and Pans - Barron's Interview [view article]
I have been following Jim Rogers since 2005 so I'm a new fan. Because of his brilliant analysis - they say he can see around corners - myportfolio is at an all time high today. Every time I deviated from
his advice, I lost. I would love to meet him at some point in time.
In the last few years, I think my portfolio is up more than the Rogers International Commodity Fund. He is amazing. Reply
Jim Rogers' Picks and Pans - Barron's Interview [view article]
I like to advise every readers here; Mr Michael Petti worked in Bear Stern before, the information is on this website seekingalpha.com/autho...Thank you Mr Petti for your disclosure! You are a great American Reply
Jim Rogers' Picks and Pans - Barron's Interview [view article]
Stocks to play water:My best ideas -
LNN (best - big ag play)
FLS
BMI (know this one from inside, strong play)
CWCO
Reply