Randy W Posted February 12, 2008 Author Report Share Posted February 12, 2008 Okay Randy I took your advice and invested a "chunk o' change" in the Matthews China Fund. I 'splained to laopo that you were standing behind any losses incurred by members who did this and she's satisfied... So I'll let you know how it goes... Now that they've had this sudden extra infusion of capital, it should be no problem! I'll update my charts to include the recent plunge! RECENT PLUNGE... Now you tell me it can go down... It's a "BUYING OPPORTUNITY", Roger! A "BUYING OPPORTUNITY" !!?! Link to comment
Randy W Posted February 13, 2008 Author Report Share Posted February 13, 2008 - or - Perhaps you'd be interested in the UltraShort FTSE/Xinhua China 25 Proshare (FXP), which is an Exchange traded fund designed to gain money while the others are losing money. The blue trace here is the FXP, while the red trace is its inverse sister ETF (FXI), which is designed to lose money along with everyone else. So you can choose whether you want to make money, or lose money. The green trace is the Mathews China Fund (last 6 months) http://i26.tinypic.com/2417azk.jpg It seems like these guys have quite a relationship - they can buy stocks in one fund while, at the same time, shorting them in the other. Link to comment
rogerluli Posted February 13, 2008 Report Share Posted February 13, 2008 - or - Perhaps you'd be interested in the UltraShort FTSE/Xinhua China 25 Proshare (FXP), which is an Exchange traded fund designed to gain money while the others are losing money. The blue trace here is the FXP, while the red trace is its inverse sister ETF (FXI), which is designed to lose money along with everyone else. So you can choose whether you want to make money, or lose money. The green trace is the Mathews China Fund (last 6 months) http://i26.tinypic.com/2417azk.jpg It seems like these guys have quite a relationship - they can buy stocks in one fund while, at the same time, shorting them in the other. Sorry too fancy for me...Mine is part of a 457 account so everything has to be available in Schwab... B) Link to comment
Randy W Posted February 13, 2008 Author Report Share Posted February 13, 2008 (edited) Sorry too fancy for me...Mine is part of a 457 account so everything has to be available in Schwab... B) Just for you, Rogie - http://www.schwab.com/public/schwab/non_na...;lvl2=marketing Enter FXP - it's on the AMEX, and Scwab has it I thought you'd love to be able to make money everyone else loses it Edited February 13, 2008 by Randy W (see edit history) Link to comment
rogerluli Posted February 14, 2008 Report Share Posted February 14, 2008 Sorry too fancy for me...Mine is part of a 457 account so everything has to be available in Schwab... Just for you, Rogie - http://www.schwab.com/public/schwab/non_na...;lvl2=marketing Enter FXP - it's on the AMEX, and Scwab has it I thought you'd love to be able to make money everyone else loses it Nahhh...I'll stick with Matthews...Hey I made $305.25 the first day... Link to comment
Randy W Posted February 14, 2008 Author Report Share Posted February 14, 2008 Nahhh...I'll stick with Matthews...Hey I made $305.25 the first day... WOW! You were SERIOUS! I'm impressed ! Link to comment
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