Reader Q&A

I always like getting e-mails from readers. I get a lot so I try to respond to as many as I can. Please feel free to e-mail me if you have any questions or comments. If I do post you e-mail, I will not include your name.
Here’s a recent e-mail I got. I’m posting it because it’s a good question and slso because my responses kept getting bounced.

I am a frequent reader of your blog and have enjoyed many of the entries. Your investment style appears sound and a handful of your tips and articles have been quite conducive to my financial situation. Thank you. I have a question for you. I would like to find a fairly simple means of playing a rally in the US dollar. It may be versus a basket or a particular currency, for example, the euro. This may not be your cup of tea and so a simple ‘I do not know’ will suffice. If you have an opinion please email me at this address.
Thanks for the kind words!
You’re in luck! There is a simple way to play the U.S. dollar. PowerShares has an exchange trade fund that tracks the dollar. It’s the PowerShares DB US Dollar Index Bullish (UUP).
Here’s the description from Yahoo Finance:
The investment seeks to track the price and yield performance, before fees and expenses, of the Deutsche Bank Long US Dollar Futures Index. The index is comprised solely of long futures contracts. The futures contract is designed to replicate the performance of being long the US Dollar against the Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc. The fund is nondiversified.

Posted by on December 4th, 2007 at 1:53 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.