Hey there, I'm from EU.
Oddly enough, more than 90% of what I earn is in USD. I'm not a spender, I have quite a pile of cash accumulated during last years.
For my future plans that money are essential.
I need your advice about what to do with USD at this moment. It seems that USD is going down against euro, but is it a temporary downfall or a slow tendency?
I know it's hard to make any accurate predictions, but given the situation, what would you advice?
I'm not spending these money in a year for sure anyway. So, convert to EUR while it's still 1.13 or wait it out?
Thanks.
>>1092513
yes, take all your USD and buy Euro!
if you have a high tolerance for risk, you should actually be buying the Russian Ruble!
>>1092518
I'm quite retarded at these things and I'm not trying to be pretentious here. From my perspective, EUR and USD were proven to be quite stable.
Question is, am I losing money long-term if I'm not converting it now. After all, USD wasn't so strong in years.
>>1092513
No. Don't sell USD you idiot.
>>1092525
So here is why you shouldn't sell USD (just yet):
USD: Multiple fixed currency pegs in the Middle East (oil producing nations), biggest equities market in the world in terms of market cap, and one of the best (albeit slowly eroding) systems of property rights. As well as investor friendly.
Europe: Bureaucratic nightmare full of lunatic unelected politicians who think they can will the economy to improve with a pen. Flawed currency regime. Multiple regions sat on monstrous debt that isn't aggregated at the federal level (this is pretty much an economic powder keg arrangement.)
USD pegs: weakening with a good chance to come uncoupled, sending the US higher.
EUR pegs: weakening with a good chance to send the EUR lower.
Don't do it. Just. Don't.
>>1092880
thanks.
