Lesson Seven Free Course on Currency Investing
By
Gary Scott
Most investors are always alert for ideas on how to gain
profit. Yet few know much about currency investing basics.
The first rule of currency investing basics is to look
at risk as well as potential profit. Only when you face potential
rewards and risks, can you make a truly sound currency investing
basics investment decisions. This special report begins by
looking at ways to view currency investing basics risk. Then
future lesson look at what I have written about the Multicurrency
Sandwich over the past five years and some Multicurrency
history that goes back a decade.
The sixth lesson continued looking at currency investing
basics risk assessment data I sent my readers about currency
investing basics in 1993.
This
lesson comes to an important currency investing basics conclusion.
Steep, green gables and ancient roof lines
cut sharply in the clear blue sky. Antique walls reflect
on the morning's brilliance and are decorated by wild
parrots that flash lime and screech through the dawn.
They squeak noisily now seated amidst ancient oak. Caressed
by a fresh sea breeze, we listen to the sun awakening
and feel its excitement rise. This is a new day, wise
in its uncertainty and offering riches for all.
Merri
and I were at water's edge near the Belleview Mido Resort,
in Clearwater, Florida strolling in the dawn near this wonderful
old hotel known as "The White Queen of
The Gulf". Built in 1897, it sits high on a bluff and
combines old world charm, from the antique-filled Henry library
to the Tiffany Ballroom with its priceless skylights of stained
glass, to its private resort setting. The hotel offers many
accommodations that include cozy sun parlors, charming balcony
suites and was the site of one our international investment
courses.
I
will never forget this hotel because I learned perhaps
the most valuable lesson
about currency investing basicsof all about calculating risk
from two of the delegates at that course. As I arrived at
the Belleview to check in, even before I reached the registration
desk, one of the delegates, a heart surgeon, approached me
and vigorously shook my hand. " Gary
," he said, "I cannot thank you enough. I have
followed your recommendations about borrowing yen to invest
in pesos and shares and have made so much money, I have been
able to buy a house on the beach in my homeland and can now
retire."
Currency Investing Basics Glow
I felt a glow as I walked away headed for the check-in
counter of the hotel. One always feels good having helped
a client and friend. I was happy that the doctor had made
a lot more profit than I did. I am conservative with my own
investments and had only borrowed two to one. This doctor
had borrowed four to one and had held on during the yen rise.
Currency Investing Basics Freeze
The
warm feelings did not last. Still before I could check
in another delegate, also
a medical professional, collared me. " Gary ," he said, "I
am not even sure if I should be here. I followed your advice
borrowing the yen to invest in peso and shares and lost every
single penny."
It turned out he had chosen to borrow six to one. When
the yen appreciated and he was faced with putting up substantially
more money, he decided to cut his losses.
Jyske Bank
Currency Investing Basics Lesson
The lesson is clear. Three investors (two doctors
and myself) with similar backgrounds and exactly the same
information had three totally different results!
Know
your risk and know yourself before you speculate and especially
before you use leverage.
With this lesson in mind we’ll look at various messages
I have shared with my readers about the multicurrency sandwich
over the past five years.
Gary Scott
Join Gary Scott and
Jyske bank at an International Investing and Business Course.
Details at GaryScott.com
To understand currencies you need to understand countries.
Understand currency risk
better
Jyske Bank specializes in
currency investing basics. Attend Jyske
investing seminars in Copenhagen. Details available from
Thomas Fischer
at FISCHER@jyskebank.dk
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