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Another investment question. I live in the US and earn
money in USD. Keeping in mind that I may want to
return to Europe at some point, I would like to invest
my spare cash in a way that it retains its value even
if the dollar keeps dropping with respect to CHF and
The most obvious solution would be to transfer my cash
to an account in Switzerland or elswhere in the EU
and buy mutual fund shares there. Unfortunately, this
seems to have recently become illegal (see my previous
Another way would be to buy from a US mutual fund
focused on foreign securities. Common sense tells me
that if such a fund holds shares of e.g. Swiss
securities and the USD slips with respect to CHF, then
the value of my mutual fund shares (denominated in
USD) should increase by the same ratio.
Does anyone know whether this works in practice?
Happy new year,
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Received on Tue Jan 06 2004 - 12:17:06 PST