The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: NOW who wrote (41182)	9/9/2005 6:51:58 AM
From: Wyätt Gwyön	of 110194

the return is not certain (how could they guarantee a return which is around four times the cash rate?). but they are certain to charge you a lot of fees for exchanging. they charge 5.1 yen for round-trip exchange into NZD and back to JPY. that's more than 6.5%. add in a USD/JPY round trip and that's another 2 JPY. my cursory back of the envelope calculation suggests that the return after taxes and exchange fees in this scenario, even assuming no change in APR or exchange rates, is around 15%. since their "campaign" period is only from July through September, i am very curious if their high APR will continue after September.

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