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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: patricia c. reilly who wrote (91596)	8/5/2001 10:53:39 AM
From: Tommaso	Respond to of 132070

The most direct and investment-quality vehicle I know for betting on the euro, as a way of betting against the dollar, is the bond fund, BEGBX. I have put 80% of my cash reserves in that. Of course there is risk even here, but the risk is of possibly losing 10% (after interest income) rather than losing everything you own in currency futures, or losing everything you chose to put into euro warrants (which I also own some of). Betting against the dollar hasn't been a healthy thing to do for the last few years, but neither was betting against tech stocks until a year ago.