thinking AUD, CHF might be a reasonable diversification along with PMs and Bitcoin
best easy way to own Foreign currencies
Posted 30 June 2020 - 06:59 PM
maybe you can open a bank account there and deposit in their currency?
I am thinking to do it in Canada and another country where i want to purchase a house later on.
Posted 19 July 2020 - 06:01 PM
I've made small purchases in FXA and FXF, Fidelity Currency funds
Posted 21 July 2020 - 09:32 AM
So, my bad. Since all Fidelity Funds start with 'F',and I trade in with them, I assumed. But,they are Invesco Currency Trust shares. That said, they do seem to fit the requirement. Also, I see today that the Aussie dollar is performing better that the Swiss Franc. I'll track them in case the dollar goes over the cliff as many are predicting.
Posted 28 August 2020 - 10:46 AM
These two continue to appreciate as the dollar loses value. Not going to be 10-baggers, but they're up 2-3 % in just over a month. So, in my mind, another place to consider to protect capital.
Posted 29 August 2020 - 10:09 AM
About a decade ago I used this fund to hedge my dollar cash position instead of opening foreign bank accounts and because I personally thought this was a cheaper/easier and a "liquid" alternative. Now, with easy access to forex markets, I do not need to make a long term hedge in such a fashion. Do your own due diligence of course and it may not be a good fit for your situation.