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Author: peterxyz Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 297  
Subject: Re: Lessons from 2001 Date: 1/7/2002 2:24 AM
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Todd

"#4 Currency Risk: I calculate my returns in Canadian dollars, so my U.S. port did better than expected in part due to the Cdn dollar tanking against the U.S. dollar. Right now I'm more worried about the U.S. $ collapsing than I am about further losses in the Cdn $, but I'm not really sure how to address this. "

I'm not a hige fan of margin as such, but if you hold some cash in Canadian dollars and borrow in US dollars (yeah, I know margin rates range from not-cheap to exhorbitant) you are in effect shorting the US dollar and long the Canadian.

It's not free, it's not cheap, but it is comparatively simple and accessible to lots of people.

peter xyz
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