Comments on: How do you protect your stock portfolio during turbulent markets? http://www.theundergroundinvestor.com/2006/08/11/protect-your-stocks-during-turbulent-times/ The definitive investment blog for investment news not discussed in the mainstream media Tue, 06 Jan 2009 02:09:45 +0000 http://wordpress.org/?v=2.7 hourly 1 By: J.S. http://www.theundergroundinvestor.com/2006/08/11/protect-your-stocks-during-turbulent-times/comment-page-1/#comment-959 J.S. Sun, 24 Dec 2006 10:00:41 +0000 http://www.smartknowledgeu.com/blog/uncategorized/11/protect-your-stocks-during-turbulent-times/#comment-959 Hi Fran, There are ways to protect yourself against a falling dollar. You can start by looking at declining dollar funds which consist of a basket of foreign currencies, most usually heavily weighted in the Euro , the pound sterling and a basket of Asian currencies. Citigroup offers a couple, so does Rydex (the Rydex Dynamic Weakening Dollar Fund) as do other companies as well. Also some, like the Rydex one, utilize leverage to return twice as much as the decline. For example, if the dollar declines another 6% next year, then the Rydex fund should be up about 12%. So read the prospecti of the different funds to understand how they work. However, I think we are going to see a short term pop in the U.S. dollar (higher) right now so I might wait a little bit before shorting it. Lastly, check out www.everbank.com (I have no affiliation with them). They offer other foreign currency deposit accounts (I believe the Euro and pound sterling are the best, with the yen at some point next year probably not bad as well). Good luck. -J.S. Hi Fran,

There are ways to protect yourself against a falling dollar. You can start by looking at declining dollar funds which consist of a basket of foreign currencies, most usually heavily weighted in the Euro , the pound sterling and a basket of Asian currencies. Citigroup offers a couple, so does Rydex (the Rydex Dynamic Weakening Dollar Fund) as do other companies as well. Also some, like the Rydex one, utilize leverage to return twice as much as the decline. For example, if the dollar declines another 6% next year, then the Rydex fund should be up about 12%. So read the prospecti of the different funds to understand how they work. However, I think we are going to see a short term pop in the U.S. dollar (higher) right now so I might wait a little bit before shorting it.

Lastly, check out http://www.everbank.com (I have no affiliation with them). They offer other foreign currency deposit accounts (I believe the Euro and pound sterling are the best, with the yen at some point next year probably not bad as well).

Good luck.

-J.S.

]]> By: Fran Barnes http://www.theundergroundinvestor.com/2006/08/11/protect-your-stocks-during-turbulent-times/comment-page-1/#comment-945 Fran Barnes Sat, 23 Dec 2006 06:42:29 +0000 http://www.smartknowledgeu.com/blog/uncategorized/11/protect-your-stocks-during-turbulent-times/#comment-945 Gassho. Here researching/deeply contemplating the diminishing dollar. I've not much $ but am wondering HOW to protect what I have as in opening some kind of OFF SHORE savings or checking acc't to be able to invest in stocks in some foreign currency...hopefully one that will at least not crumble when the $USD does crumble. Have you any ideas on this? Beginner's mind - is this even possible? Have been looking at EuroPac.com but don't know if this is the answer. Thanks, Fran Gassho. Here researching/deeply contemplating the diminishing dollar. I’ve not much $ but am wondering HOW to protect what I have as in opening some kind of OFF SHORE savings or checking acc’t to be able to invest in stocks in some foreign currency…hopefully one that will at least not crumble when the $USD does crumble. Have you any ideas on this? Beginner’s mind - is this even possible? Have been looking at EuroPac.com but don’t know if this is the answer. Thanks, Fran

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