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Or you can now use TapaTalk again!Big Oil vs Dollar
- Thread starter Artist
- Start date
imported post
Welcome Artist!
I don't have a quantitive value of how much oil has affected the I fund but I would still say the dollar. So far in 2005 the EAFE index is up 25.6% in local currencies (local to the country of each market index)and in U.S. dollars the EAFE is up "just" 11.4%.imported post
Since starting this year jumping in and out of stocksI noticed that every time oil went up so did the I fund. Same in reverse. I never noticed during this year any major spikes up or down otherwise. Maybe I just wasn't looking at the dollar. Matter of fact I know I wasn't. Have there been any recent spikes up or down due to the dollar in the I fund this year? When I say spikes I'm talking 10 or 20 cents up or down posted to the I fund.
Show-me
Well-known member
imported post
Look at how heavy the I fund is weighted in oil. BP, Total, and Royal Dutch.
http://www.tsp.gov/rates/fundsheet-ifund.pdf
Birchtree
Well-known member
imported post
Energy is weighted to 9.5%.
Financials however are weighted to 24.8%. I'd watch global interest rates for an indication of future performance. The same applies to the C fund. Only the C fund is more heavily weighted in energy - which is now a secular play.imported post
I saw the hurricanes coming. Jumped in the I fund and found guilty pleasure in making 10K. Obvious influence on the I fund. Couple weeks ago the price at the pump went up a quarter at the pump and the I fundjumped twenty cents same day. This happened numerous times during the year especially when gas was near $3.00 a gallon. Has the dollar had that kind of impact at all during this year? I believe Birchtree when he says 25% financial, 10% energy but I guess I missed the impact of the dollar this year on the I fund.imported post
Artist wrote:
Yes, many times. Like Tom, I can't speak to the impact of oil on the I fund but I'd be willing to bet that the doallar has a far greater and more direct impact on the I fund. Here's just one recent example. On December 14th the EAFE returned a negative .45% in local currencies. Without the impact of the dollar the I fund would have went down about 8 cents that day. But the dollar dropped big that day so in U.S. currency the EAFE returned .63% instead. The I fund went up 11 cents. A 19 cent swing in one day. To repeat Tom, the EAFE is up over 25% in local currencies butbecause of the strengthening dollar this year, the I fund is up only 11%. I doubt there is such a relationship between oil and the I fund.
Dave
<><imported post
I had noticed that on the American Stock Exchange Mogan Stanley EAFE that when it posted anything within .25% up or down I couldn't tell weather the I fund was going to post up or down. Where is a good web site to check the dollar in real time? You guys now have me convinced that I need to keep an eye on the dollar as well as big oil.
Show-me
Well-known member
Show-me
Well-known member
imported post
Artist wrote:
Oil as a whole is traded on the world market and is bought and sold in U.S. dollars. So just watch the per barrel price on the home page. As far as the I fund goes the top ten holdings are in the link. BP, Total (with a French accent), Royal Dutch Petroleum Company are in the top 10 for a grand total of 5.13% of I Fund holding. Big slice of the pie when oil is $70 a barrel.
http://www.tsp.gov/rates/fundsheet-ifund.pdfSimilar threads
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