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Protect Your Retirement Portfolio From A Declining Dollar

Thursday, May 5, 2011 - 8:03 PM
This US News article describes four options that could "provide protection or take advantage of positive movement of foreign currencies against the dollar".

One of the options mentioned is currency hedged CDs such as those offered by EverBank.
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708
1. Thursday, May 5, 2011 - 9:04 PM
Ok, let's not assume that this is an info ad for Everbank. However, the result in putting your funds into their accounts may result in a significant loss of principal due to currency exchange rates plus fees if the dollar increases in value versus foreign currencies. Those that think long term and don't react to panic induced by self described pundits will remain profitable staying the course without putting their funds into risky equity and commodity speculation.
ShorebreakShorebreak2,695 posts since
Apr 6, 2010
Rep Points: 14,611