Converting US Dollars to more stable currency

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I have always had half of my portfolio in a typical international mutual fund that is unhedged. That's an easy way to get currency diversification. If you are a US resident, not sure of the benefit.

That's not the same as keeping your money or investments in a non-US bank to avoid the Trump destruction of the USD.

Correct, chicken little.

Super helpful, jacka$$. Doubt you even have two nickels to rub together but probably post here all the time about how much money you have to make yourself feel good.

Why would you think that your little scheme is going to work. US stock market is down so I think I'll buy foreign currency! Great plan, go for it genius!

[Anonymous]

Both Switzerland and the European Union look a lot more stable than the US right now. The EUR is up more than 10% against the USD since January.

[Anonymous]

Anonymous wrote:Both Switzerland and the European Union look a lot more stable than the US right now. The EUR is up more than 10% against the USD since January.

That is not stable. You do not seem to know what stable means.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I have always had half of my portfolio in a typical international mutual fund that is unhedged. That's an easy way to get currency diversification. If you are a US resident, not sure of the benefit.

That's not the same as keeping your money or investments in a non-US bank to avoid the Trump destruction of the USD.

Unless you have dual citizenship somewhere else, I don’t think you can have a non-US bank or brokerage account.

[Anonymous]

Anonymous wrote:Silver and gold

The actual gold bars/coins, or something like Barrick?

[Anonymous]

Not OP, but Trump aims to actively devalue the American dollar.

https://economictimes.indiatimes.com/news/international/us/will-donald-trump-devalue-the-mighty-dominant-global-reserve-currency-dollar-heres-what-a-report-states/articleshow/119123467.cms?from=mdr

[Anonymous]

No one on dcum seems to notice but the us is BROKE.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I have always had half of my portfolio in a typical international mutual fund that is unhedged. That's an easy way to get currency diversification. If you are a US resident, not sure of the benefit.

That's not the same as keeping your money or investments in a non-US bank to avoid the Trump destruction of the USD.

Unless you have dual citizenship somewhere else, I don’t think you can have a non-US bank or brokerage account.

You don't need a non-US account. Schwab Global accounts let you hold foreign currency and trade in EU markets. I'm sure there are others.

[Anonymous]

I would not put money into the Euro. Europe is in demographic collapse and the EU will probably break up

[Anonymous]

Anonymous wrote:I would not put money into the Euro. Europe is in demographic collapse and the EU will probably break up

They won't as long as the US is giving them something to rally around.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I would not put money into the Euro. Europe is in demographic collapse and the EU will probably break up

They won't as long as the US is giving them something to rally around.

+1 a hateful enemy (US) will cause them to band together

[Anonymous]

Anonymous wrote:I would not put money into the Euro. Europe is in demographic collapse and the EU will probably break up

This. It's inevitable at this point the EU will end soon.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Silver and gold

The actual gold bars/coins, or something like Barrick?

If you don't have it in your hands, you technically don't own it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I have always had half of my portfolio in a typical international mutual fund that is unhedged. That's an easy way to get currency diversification. If you are a US resident, not sure of the benefit.

That's not the same as keeping your money or investments in a non-US bank to avoid the Trump destruction of the USD.

Correct, chicken little.

Super helpful, jacka$$. Doubt you even have two nickels to rub together but probably post here all the time about how much money you have to make yourself feel good.

Why would you think that your little scheme is going to work. US stock market is down so I think I'll buy foreign currency! Great plan, go for it genius!

You don't seem to understand that foreign currencies are not linked to the US Stock market, and that the original question appears to be more of one concerning the devaluation of the dollar. Not really about the stock market.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I have always had half of my portfolio in a typical international mutual fund that is unhedged. That's an easy way to get currency diversification. If you are a US resident, not sure of the benefit.

That's not the same as keeping your money or investments in a non-US bank to avoid the Trump destruction of the USD.

Unless you have dual citizenship somewhere else, I don’t think you can have a non-US bank or brokerage account.

I do. At the rate the US is going, I'm going to go there and I'd rather put my money there now before my $1 buys .50 Euro.