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Strategies & Market Trends : 50% Gains Investing

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To: Cogito Ergo Sum who wrote (83153)	10/7/2009 10:12:03 AM
From: Tapcon	Read Replies (1) of 118717

You can remove the exchange rate risk in your CDN account when you buy US securities if you have a proportion of your portfolio in US money mkt. When you make a purchase of US securities, you have to simultaneously sell US money mkt in a wash trade. If you sell US security, then wash with a US money mkt buy. Right now, as I'm sure you're aware, 1.06 CDN dollar for US buck. Not bad by historical levels. Unless you are saying you are staying away from US market because you think the US buck will continue to deteriorate. I share that view, but think there are still more opportunities on the US side to invest those US bucks in some China and Brazil or emerging mkt plays. I bought DSWL and CETV for example. I think for one day back in Nov, 2007, CDN dollar spiked to .91 or so. Would have been a great day to take a position in US money mkt to play on the US side going forward.

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