IFO’s Swatch wristwatch, bought in Switzerland almost exactly one year ago for $50 (SFrs 50 at the time as well) is now ‘worth’ $56.41. A couple of days ago, it was ‘worth’ $56.74.
New site added to blog roll: the Online Forex Trading site. This is a very new concept for IFO – one we are not sure we will pursue. It looks like grad school for individual investors. OTOH, what the heck? Couldn’t be any worse than real estate, right?
We will study this subject very, very carefully before embarking on an added investment path. Based on the currency changes noted above in our wristwatch example, we’re not sure it is a good idea.