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Strategies & Market Trends : 50% Gains Investing

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To: Cogito Ergo Sum who wrote (83153)	10/6/2009 4:58:31 PM
From: Johnny Canuck	Read Replies (1) of 118717

The currency exchange loss on USD denominated stocks the last few years for Canadian investor has been pretty punishing and it is not that easy to get access to other exchanges through Canadian brokers. It is getting better, but in many case Canadians as still forced to buy ADR's through New York and other exchanges. ADR's are again subject to some currency losses plus in some cases a discount to the value of the underlying. It used to be good idea to switch to USD, but with the devaluation, other currencies are just better. There is a fundamental shift happening as many have commented before. What the new currency is is anyone's guess and it will take a decade to emerge if the switch from the British pound is an good example.

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