Re: Where to invest the falling US dollar?

I was half-listening to CNBC last week and heard something about
Everbank having exposure to the credit mess. I didn't bother to
investigate that, but it might be worth the effort if one was
considering putting money there.

"lubow" <lubow@xxxxxxxxxxxxxxxxxxxx> wrote:

Mrs. L and I had a marvelous vacation at Niagara Falls two years ago.
Besides a great hotel room overlooking the Falls at the Sheraton, and
getting autographs from the Raptors players who were also at the hotel for
pre-season training, we set up a CAD account at the Bank of Montreal BMO (in
Canada, you must set up the account in person). Not only have we gotten at
least 25% appreciation on our money in Canada we also get a little bit of
interest too!

I must admit that making loonies on the devaluation was not our goal in
setting up the account. Our goal was to invest into the Rio-Can REI-UN.TO
and Suncor SU DRIPs. Canadian law specifies that only those with Canadian
bank accounts can invest optional funds into a DRIP where the DRIP custodian
is located in Canada. Rio-Can gives the investors a 5% bonus if they take
the dividends in stock instead of cash. Those two DRIPs together with the
BMO account have proven to be among the greatest long term investments we
have ever made.

Also consider www.everbank.com ... Everbank can open FDIC insured accounts
in many different currencies.

My latest canvass of our company's pension fund (of which I'm the portfolio
manager) shows we have just as much stock ownership in Canadian companies
as in US companies. If I buy a Canadian dividend paying company that is
also traded in New York, *most* of the time I will buy the stock on the
Toronto exchange because I want the dividends in loonies. Sometimes,
however, you can get a better deal on price and yield if you buy the stock
in New York.

--
Lubow
<seversont@xxxxxxxxxxx> wrote in message
news:1187538349.682477.239310@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
What options are available to US citizens looking to get some money
working for them outside the US to take advantage of the falling value
of the US dollar?

What are some conservative options as well as more aggressive options?

I would also appreciate any recommended sites to visit to learn about
the issue of investing in a falling US dollar environment.

TIA




.

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