FT.com / Your money - Philip Coggan: Rates solution may be hidden behind the fringe
This is a good article about the high yielding currencies and some of the problems they are encountering right now.
One important note to add here is that I find most of these places to be interesting investment destinations which is why I write about them. However this is not the right time to be heavy in them. I touched on this the other day and I would add that this is a time to learn, watch and above all be patient.
A little exposure is fine and at some point they will become more attractive and have less risk than they have now. Going heavy right here would be a gutsy contrarian play, and not one I am making.
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1 comments:
Roger, until a foreign bond ETF comes out, IMHO the best way to profit from the weakening of the dollar is to invest in foreign dividend stocks though PID. The last dividend was $0.11, vs. the Q(t-1) dividend of $0.07. A portion of this QoQ dividend increase is because of the weak dollar.
I've written an article about why I think PID is an excellent macroeconomic hedge against the weakening dollar.
The wisdom tree Broad market World (Ex-US) Dividend ETF will also become an essential part of any portfolio that wants to have some protection against a dollar meltdown.
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