Q: I have a fairly large chunk of US cash invested in a 'High-Interest Savings Account' which earns 3.15% interest. The interest has not kept up with the loss in value of the US dollar. Can you suggest a similar kind of investment based on Euros or Swiss Francs which can be purchased through TD Direct? Or do you have a better low-risk idea for this money? (I am pessimistic about both the USD and CAD keeping their value against other currencies.)
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: Hi, with everything going on in the world I was thinking of moving a sizeabamoule nt of Cdn $$ into a Swiss Franc Bank account in Canada through UBS.I just want to diversify away from the US$$ and the Cdn $$. And it seems the Swiss Franc is a really stable currency.
Then I saw the FXF:US Trust and wondered if you thought that was a better idea. I prefer to have less paperwork and easy access to tax docs at tax time. I'm not trying to avoid taxes in any way.
Then I saw the FXF:US Trust and wondered if you thought that was a better idea. I prefer to have less paperwork and easy access to tax docs at tax time. I'm not trying to avoid taxes in any way.
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Invesco CurrencyShares Swiss Franc Trust (FXF $113.37)
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Invesco CurrencyShares Japanese Yen Trust (FXY $58.49)
Q: I am concerned that the next few months will be as volatile as the past month as the US continues its tariff agenda. Do you think it is a good strategy to invest in other currencies. If so what is your opinion of these two ETF's. (Swiss Franc & Japanese Yen)
Thanks Stew
Thanks Stew
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Invesco CurrencyShares Swiss Franc Trust (FXF $113.37)
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Invesco CurrencyShares Euro Trust (FXE $107.40)
Q: I am holding some cash on the sides. I was wondering if there was a way to put some of it into an ETF, perhaps a money market fund that holds foreign (non US) currency. Either a basket of stable currencies or something like the Euro or Swiss Franc. The idea is risk avoidance against a sudden sharp drop in the CDN dollar (and perhaps US$ too) given the current situation. I already hold several ETFs that hold Euro stocks but would like lower risk.
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Invesco CurrencyShares Swiss Franc Trust (FXF $113.37)
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Invesco CurrencyShares Japanese Yen Trust (FXY $58.49)
Q: As a follow up to previous question about currency diversification. What would be your preferred vehicles for both the Swiss franc and the Japanese yen. Thanks
Q: I one " strongly believes" that swiss money could be a protection against US or CDN dollars ( for various economical reasons..),would it then make sense to invest in a swiss multinational Cie to obtain benefits from a future growing exchange rate ,if yes what Cies (2-3) listed on US market would be interesting at the présent time?
Q: Hello Peter and Team,
Is there a smart way to hold investments denominated in Swiss Francs that generate yield?
The goal is to diversify some funds to currency in a stable country that isn't printing money unabated like in Canada, the US, and the Euro to avoid loss of purchasing power. Even better if we can be invested in decent stocks or get dividend yield while we are at it.
Thanks!
Is there a smart way to hold investments denominated in Swiss Francs that generate yield?
The goal is to diversify some funds to currency in a stable country that isn't printing money unabated like in Canada, the US, and the Euro to avoid loss of purchasing power. Even better if we can be invested in decent stocks or get dividend yield while we are at it.
Thanks!
Q: Half my money is in U.S. funds and half Canadian. Do you recommend diversifying a small amount of U.S. currency by owning some Yen (FXY) and/or Swiss Francs (FXF) or some other currency? Thank you.
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Sprott Physical Gold Trust Unit (PHYS $39.17)
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Invesco CurrencyShares Swiss Franc Trust (FXF $113.37)
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Sprott Physical Gold Trust (PHYS $53.45)
Q: Do you have a favorite gold bullion fund or etf that is either long one of the following currencies CDN, CHF, JPN, or the Singapore dollar?
Q: Hi Team,
In the pursuit of finding assets that are not all correlated, it occurred to me that owning Swiss Francs might provide a counterbalance to Canadian and US dollar denominated assets. Swiss Francs may also serve as a hedge against large market corrections.
Do you see any value in owning an ETF such as FXF in a diversified portfolio?
Thank you.
Michael
In the pursuit of finding assets that are not all correlated, it occurred to me that owning Swiss Francs might provide a counterbalance to Canadian and US dollar denominated assets. Swiss Francs may also serve as a hedge against large market corrections.
Do you see any value in owning an ETF such as FXF in a diversified portfolio?
Thank you.
Michael