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How to Buy a Glider Afordably, or Euro vs ContraFund
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November 24th 05, 07:50 AM posted to rec.aviation.soaring
Andy Blackburn
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How to Buy a Glider Afordably, or Euro vs ContraFund
At 04:06 24 November 2005,
wrote:
I am not sure what you are recommending - if ANYTHING!
It sounds like
you are in the 'hide it under a mattress' crowd. Be
my guest,
especially if you hide it under MY mattress! What I
recommended a year
ago wasn't backwards, it was forwards. Guess what?
I was right. Your
use of the perjorative word 'scam' clearly indicates
your bias. Still,
the question is, what is the best strategy for buying
a glider
afordably. Do you have any REAL suggestions, or are
just passing gas?
Only point was that one would need to know your predictions
for what to do for, say, the past 10-20 years to know
if your 2005 prediction was good or just lucky. Stock
newsletter writers have used 'survivor bias' in market
forecasting for years - trumpet your successful calls
and hide from the rest.
But rather than trying to go back a decade, we can
just start now. For those considering buying gliders
later in 2006, what's your forecast for the $/Euro
rate 12 months from now?
My recommendation is, if you have a glider on order,
hedge the FX rate, but if you think you can out-guess
the market, you're probably only half right.
9B
Andy Blackburn
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