Anonymous
04/07/2025 14:41
Subject: Re:Converting US Dollars to more stable currency
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.
Anonymous
04/07/2025 11:29
Subject: Re:Converting US Dollars to more stable currency
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
04/07/2025 11:25
Subject: Re:Converting US Dollars to more stable currency
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.
Anonymous
04/07/2025 11:23
Subject: Re:Converting US Dollars to more stable currency
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
04/06/2025 19:32
Subject: Converting US Dollars to more stable currency
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
04/06/2025 19:31
Subject: Converting US Dollars to more stable currency
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
04/06/2025 11:48
Subject: Converting US Dollars to more stable currency
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