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  • "The fragility of today's economy demands that we, as investors, allocate our assets with more prudence and focus than ever before. The authors' prescience in their first book lends credence to their new warnings. This book deserves our attention."

    Robert Friedman , Former CFO , Goldman Sachs

  • "Aftershock is a superb exegesis of how our damaged economy is in for further difficulties. Since the authors hedge their predictions not at all, a second event in which they will have been proven correct will lead to a very special stature."

    Stanley Goldstein , Founder , New York Hedge Fund Roundtable

Chapter 6 - Euro Government Bond Funds

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There are three major ways to buy euros:


Euro ETFs

A very simple way is the euro ETF which can be bought through any stock broker and trades just like stock. The symbol is FXE and the price is set at the value of 100 euros. The downside is that ETFs don't pay interest.

Euro Government Bond Funds

If you are looking for an interest-bearing method of investing in euros, we recommend the following funds. They are a mix of foreign government bonds and some corporate bonds, but that mix can change, so watch their makeup. We are biased toward government bonds because when the bubbles pop, foreign corporations will be vulnerable to the downturn and may default on their bonds. However, that won't happen for a while, so the risk of corporate bonds at least through the next two years is not that significant.

 

  • T. Rowe Price International Bond Fund (RPIBX)
  • American Century International Bond Fund (BEGBX)
  • Pimco Foreign Bond Fund (PFODX)


European/Asian Stocks

Right now these euro-denominated stocks are doing well and could continue to do well for a while long. However, we know that at some point they will significantly lose value and we don't think the risk outweighs the potential for profits. However, if you think you can time this bubble, go for it. There's always lots of money to be made in a rising and falling bubble if you time it correctly.

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