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.

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.

so does WISE and a bunch of other platforms...

[Anonymous]

Anonymous wrote:

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.

The OP is obviously triggered by the stock market. Playing the currency game, especially when you obviously don't know what you're doing, is not worth the effort and unlikely to be effective.