SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Prudent Bear Fund (BEARX): contrarian investing
BEARX 4.050-0.5%Nov 3 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: AuBug who wrote (791)7/19/2004 2:54:43 PM
From: Tommaso   of 793
 
>>>What do you think about funds like FAX, FCO & GIM or BEGBX, ICPHX & PSAFX to get some foreign income?
<<<

I own or have owned all those, except for ICPHX.

Recently, I have begun to conclude that commodities may be the real store of value and that all major currencies may be subject to inflation since they are all fiat currencies.

So I favor PCRDX, which is PIMCO's fund that is structured to duplicate the D-J commodity index. They keep their cash in inflation-protcted bonds (TIPS) and use that as collateral for futures contracts and options on futures. They pay out very good dividends out of profits (so far). Because of the fast turnover of their positions, you cannot really see what they have their money in, but the fund does a good job tracking the index. And as Jim Rogers says, lead is a bigger mover than gold. Here's the Dow site (pdf format):

djindexes.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News