At the time when we need more overseas expertise most overseas banks have abandoned US investors… due to the complications the US government has thrown in the way of banks.
Since I have worked with and personally used Jyske Bank for around 25 years I am most thankful that Jyske was one of the few overseas banks that went to the trouble of creating a subsidiary (Jyske Global Asset Management – JGAM) that can serve US investors.
Having this overseas experience has grown in importance because multi currency investing now requires more than just investing in various currencies.
I have introduced thousands of investors to Jyske over the years and continue to do so. Here is a recent introduction, Jean Marie Butterlin from France, who just moved to Cotacachi and will who conduct our shamanic tours… meeting in Quito with Peter Laub of Jyske Global Asset Management Copenhagen.
In the 1970s-80s choosing a strong currency was easy. The US government was conducting a “Guns and Butter” policy that cost more than the government’s income.
This was bad on the dollar’s value and this deficit spending caused the US dollar to fall versus industrialized currencies where governments (especially Germany and Japan) were more fiscally prudent.
Then the prudent governments learned deficit spending as well…Germany to finance the buy back of East Germany….Japan to bail out an economic meltdown. Other (most in fact) governments hopped on the deficit spending band wagon as well. Plus the euro was invented… a real mess… as the investing world is seeing now.
So today we face the loss of purchasing power of many currencies, all over the world, all at the same time.
Investing in the playground of currencies is like trying to choose the rising end of the teeter totter, when all the teeter totters are going down a slide.
Since the yen is up and the euro low, for the moment. I am still betting on the dollar’s fall… especially since I can borrow dollars at 1.75% and invest in other currencies that earn 4.5% to 6%.
Recently Thomas Fischer Senior VP of JGAM and my account manger Anders Nielsen visited Merri and me at our home near Mt. Dora, Florida.
We reviewed my foreign exchange tactic which has been and remains to invest in a spread of European (non euro) and emerging currencies that pay a higher yield that the US dollar. Plus we are buying good value real estate.
I am currently not leveraged much (about 5% of my portfolio) but am looking at shifting my loan from dollar to yen.
My portfolio is aimed at fighting inflation and US and Ecuador real estate is a part of my armory.
You can see my personal currency breakdown as a Multi Currency Investing subscriber
I will review my portfolio and look at the latest ways to fight inflation and take advantage of foreign exchange loans at JGAM’s April-May Foreign Exchange Seminar in Laguna Beach, California.
There are two important additions that have been added to this seminar.
First, JGAM has finished preparations so they can offer a new Foreign Exchange Managed Portfolio. They will introduce this portfolio and present this product for the first time in Laguna Beach.
JGAM will offer this Managed FX Portfolio to clients with a risk profile of medium risk and higher.
Thomas and Anders are on the new investment committee that will manage JGAM’s foreign exchange portfolio.
Medium risk investors can have 100% leverage, high risk, 200% leverage and speculative investors 400% leverage with a minimum of $100,000.
This portfolio will be managed by an investment committee that includes… JGAM, senior VP Thomas Fischer, a former currency trader, plus my account manager Anders Nielsen along with Bente Larnkaer and Henrik Tjott.
The portfolio will take positions in different currency pairs using stop losses to limit downside risk. Profits will be protected by trailing stop losses that protect positions.
The portfolio is founded on strategic positions rather than shorter term day trading and the committee regulates leverage depending on their view and confidence any any one position. Any single position in a currency pair cannot exceed 25% of the overall position.
This first addition is important because Jyske Bank’s Jyske Markets is one of the most active currency traders in the world. JGAM is independent and has access to Jyske Market’s great knowledge and trading facilities as well as other major trading firms.
About Jyske Markets
Jyske Markets is the financial trading center of the Jyske Bank Group, trading, equities, bonds, foreign exchange, commodities and providing macro economic analyses. Forex trading is run from Jyske’s global trading hub in Silkeborg, Denmark on a 24 hour trading basis. They trade over $50 billion a day.
Recently Jyske Markets added Front Arena, IT systems by SunGard that provide global solutions for position control across multiple asset classes and business lines. This extension provides Jyske’s 24-hour foreign exchange spot trading desk with real-time positions, P&L and risk management.
Front Arena helps Jyske manage its positions and risk for a wide variety of FX instruments through the provision of a single platform for all its trading activity. This helps Jyske ensure that it has transparency, and helps reduce the risks that can occur when operating more than one system. Jyske went live on the system on the 29th November, 2009 with the FX trading capabilities added to the bank’s use of Front Arena for interest rates, fixed income and equity trading.
SunGard’s Front Arena helps customers to build a true cross-asset class platform – extending from low volume exotic transactions all the way through to the high volume dealing activities of the FX and cash equity markets, including exchange connectivity and order management.
Second, delegates participating in Laguna Beach can deduct the fee from the cost of Jyske’s full blown International Investment seminar in Copenhagen this August. This will be a real seminar and I have learned that Bjorn Lomborg, author of “The Sceptical Environmentalist. has now been confirmed as one of the speakers.
I have spoken at seminars with Bjorn before and his excellent insights into green investments should be required reading for all investors in the environmentally sensitive era.
You can get full details about JGAM’s April 30 t May 2 Foreign Exchange seminar in Laguna Beach from Thomas Fischer at firstname.lastname@example.org
I hope to meet you in Laguna Beach!
Or meet Merri and me this Thursday in Mt Dora. We have three spaces left for March 11-14 Super Thinking + Spanish Course, Mt. Dora, Fl.
Learn Spanish in four days as you increase your intelligence. Join Merri and me in Mt. Dora this week!
Then join our Ecuador Living team and travel to Quito March 15, 2010.
March 16 Travel Quito to Cotacachi
March 17-18 North Andes, Imbabura & Cotacachi Real Estate Tour
March 19-20 Cotacachi Shamanic Tour
March 21 Travel Cotacachi to Manta
March 22-23 Manta & Mid Coast Real Estate Tour
March 24 Travel Manta to Cuenca
March 25-26 Cuenca Real Estate Tour
March 27 Travel Cuenca to Salinas
Mar. 28-29 Salinas & South Coast Real Estate Tour
The Ecuador airfare war makes it cheaper to get to Ecuador than ever before… and there is still time to enjoy great Ecuador tour savings.
You enjoy discounts by attending multiple seminars and tours. Here are our multi tour adventure discounts.
Even Better. Greater Savings. Our 2010 International Club membership allows you and a guest to attend as many of the 51 courses and tours we’ll sponsor and conduct in 2010 (fees would be $40,947 for all these courses individually) is only $3,500.
International Club Three Monthly Payments of $1,190
Our Spring 2010 schedule starts April. 12-15 with our Ecuador Export Expedition Tour ($499 or couple $749)
Here are clay figurines that you will see on the Ecuador export tour.
These clay necklaces at the gallery are great models for Ecuador exports as well.
Stay on and look at Ecuador real estate opportunity.
Here is the balance of our 2010 schedule.
May 9-12 Super Thinking + Spanish Course, Cotacachi Ecuador
May 13-14 Ecuador Shamanic Mingo
May 16-17 Imbabura Real Estate Tour
May 19-20 Coastal Real Estate Tour
May 22-23 Quito Real Estate Tour
May 25-26 Cuenca Real Estate Tour
June 24 Quantum Wealth North Carolina
June 25-27 International Investing and Business North Carolina
June 28-29 Ecuador Travel & Andes=
June 30-Jul 1 Imbabura Real Estate Tour
July 3-4 Coastal Real Estate Tour
July 6-7 Quito Real Estate Tour
July 9-10 Cuenca Real Estate Tour
Sept. 3-6 Ecuador Export Tour
Sept. 8-9 Imbabura Real Estate Tour
Sept. 11-12 Coastal Real Estate Tour
Sept. 14-15 Cuenca Real Estate Tour
Sept. 17-18 Ecuador Shamanic Mingo
Oct. 7 Quantum Wealth North Carolina
Oct. 8-10 International Investing & Business North Carolina
Oct. 11-12 Travel to Quito and Andean Tour
Oct. 13-14 Imbabura Real Estate Tour
Oct. 16-17 Coastal Real Estate Tour
Oct. 19-20 Quito Real Estate Tour
Oct. 22-23 Cuenca Real Estate Tour
Nov. 4-7 Super Thinking + Spanish Course Florida
Nov. 8-9 Travel to Quito and Andean Tour
Nov. 10-11 Imbabura Real Estate Tour
Nov. 13-14 Coastal Real Estate Tour
Nov. 16-17 Quito Real Estate
Nov. 19-20 Cuenca Real Estate Tour
Dec. 3-5 Ecuador Shamanic Mingo
Dec. 7-8 Imbabura Real Estate Tour
Dec. 10-11 Coastal Real Estate Tour
Dec. 13-14 Quito Real Estate Tour
Dec. 16-17 Cuenca Real Estate Tour