Tuesday, December 14, 2010
Just the FAX
I do not fully understand the dynamics in play that have caused this Asia Pacific income (bond) fund to lose its correlation to the Aussie and that is the problem. If you don't have a high probability understanding of something, shoot first and ask questions later.
For now, I retain a supposedly higher quality global bond fund as USD diversification. Maybe FAX will turn and burn after duping a blogger into making a rookie move. But I wanted a higher cash level and I got it, without having to touch the hair on a single gold stock's head.
Win some, lose some.