Wikinvest Wire

Wednesday, November 21, 2007

Great Quote!

A reader named dWj left the following comment on Felix Salmon's blog.

Gold is for optimists. I'm diversifying into canned goods.

Hat tip to Alphaville.

I would suggest whiskey and shotgun shells for better diversification.

14 comments:

Anonymous said...

I thought that gold was for pessimists.

sami said...

Happy Thanks Giving Roger, and fellow readers... thanks for sharing your thoughts with us.

Go PACKERS!!!!!

Anonymous said...

The other saying is that the three precious metals are gold, silver, and lead.

Lead comes in those neat individual dispensers called cartridges.

Is it grim in here or is it just me?

Anonymous said...

Pass the shotgun and hold the whiskey!

And happy Thanksgiving to you Sami and all the other folks here including our friend The Heckler.

JackS

RW said...

Murphy's Law: "Whatever can go wrong, will go wrong."
Flanagan's Precept: "Murphy was an optimist."

Is it my imagination or are the wheels starting to come off in Asia?

Oh well, TANSTAAFL

Anonymous said...

Roger:
I've looked and have not located any intermediate term foreign bond ETF's
that would provide some income and currency protection from the dollar. I have my account with Fidelity. They had no suggestions. Any ideas?
Thanks,
Sam

Leisa said...

Roger and fellow Blogers...Happy Thanksgiving. It's a wonderful time to be with friends, family and FOOD--and I guess your favorite sport (hunting, football!). A nice respite from the market to remember and show gratitude for our blessings.

Anonymous said...

Sam.
BWX is an International Treasury Bond ETF. It seeks to track the total return performance of the Lehman Brothers Global Treasury Ex-US Capped Index. The Index tracks fixed-rate local currency sovereign debt of investment grade countries outside of the US.

http://tinyurl.com/33qk7a

JackS

Anonymous said...

My question is how do double short s and p etfs generate such high dividend? thanks

Anonymous said...

In particular sds 3.8 % thanks.

sami said...

double short ETFs use futures to achieve their goal. Futures require margin due to leverage.
For example, an ETF may have 5% of its holdings in Futures and the other 95% in margin reserve. Instead of keeping the money in cash, they would buy short term (typically 3-month) T-Bills with the cash.
T-bills pay interest which translates to dividend paid by the ETF.

HoosierDaddy said...

Just be sure to include a little exposure to can openers....

Anonymous said...

Thanks Jacks. I'll look it up.
Sam

Roger Nusbaum said...

hey Hoosier,

while we are at it you will need some flint for after the matches run out.

Proud Member Of