Anonymous wrote:Are you looking for a carry trade?
Anonymous wrote:Anonymous wrote:I am sure there is a JP product, priced in yen, that tracks the SP500 that you can purchase on the JP exchange, similar to the foreign country funds that trade here on the NYSE. They will of course take your yen and promptly convert to it to US dollars to make the SP500 buy. (Reverse on the sell). So you will go through the currency translation twice, incurring the associated fees.
But technically, you can tell your friends you invested in the US market using JP yen. I am sure they will be impressed.
Thanks, I'll try this.
Anonymous wrote:I am sure there is a JP product, priced in yen, that tracks the SP500 that you can purchase on the JP exchange, similar to the foreign country funds that trade here on the NYSE. They will of course take your yen and promptly convert to it to US dollars to make the SP500 buy. (Reverse on the sell). So you will go through the currency translation twice, incurring the associated fees.
But technically, you can tell your friends you invested in the US market using JP yen. I am sure they will be impressed.
Anonymous wrote:Just trying to preserve my investment's value as the dollar drops in relation to Europe and Asia.