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best easy way to own Foreign currencies


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#1 dougie

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Posted 17 June 2020 - 12:20 AM

thinking AUD, CHF might be a reasonable diversification along with PMs and Bitcoin



#2 Smithy

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Posted 17 June 2020 - 08:05 AM

AUDUSD better than CHFUSD



#3 traderx

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Posted 17 June 2020 - 01:20 PM

AUD:USD looks good on Big Mac Index



#4 dougie

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Posted 17 June 2020 - 09:16 PM

but how do folks suggest owning these  assets?



#5 ryanoo

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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.



#6 sea-bill

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Posted 19 July 2020 - 06:01 PM

I've made small purchases in FXA and FXF, Fidelity Currency funds

 

Bill



#7 sea-bill

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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.

 

Bill



#8 sea-bill

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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.



#9 CHAx

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Posted 29 August 2020 - 10:09 AM

https://www.merkfunds.com/fund/mhcf/

 

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.