by winston » Thu Apr 20, 2017 1:51 pm
The Worst Investments You Can Make: CurrencyShares British Pound Sterling Trust (FXB)
Expenses: 0.4%
Another of the world’s worst investments is currencies.
Just like gold, currencies are a function of supply and demand, as well as the macroeconomic fortunes of a given country.
Not only that, they are subject to the political stability of a given country and even a given region.
There’s no investment to be made unless, like gold, you somehow manage to jump into a currency at a time when it begins a sustained upward move. That’s market timing, also known as gambling, and that is not an investment.
Currencies, like gold, may act as a hedge in certain sophisticated circumstances, but good luck on timing that investment correctly.
Think about the United Kingdom. It seems like the UK is thriving, with great economic growth, good times, and soaring real estate prices. Yet Guggenheim CurrencyShares British (NYSEARCA:FXB) has fallen about 40% since 2008.
Stay away from all of these. They are as bad as dropping money into a slot machine.
Source: Investor Place
It's all about "how much you made when you were right" & "how little you lost when you were wrong"