24-08-2011, 05:40 PM
Hi there,
I have no idea what the mean will be like in the next few years. My main point is that from a historical perspective, anyone who buys USD now will be buying it very cheap based on the historical exchange rate.
There are 3 main scenarios which I see happening:
1) USD stays about the same - Not much difference to me here.
2) USD appreciates in value -> No real benefit to me as I have already allocated these funds to US equities.
3) USD continues to depreciate -> Alright with me since I plan to add to my positions over the years
As a bottoms up investor, I pay much more attention of the fundamentals of companies so I don't try to predict what's going to happen on a macro level. In either case, the USD appreciating or depreciating has no real impact on my investment strategy - nor does predicting the eventual exchange rate.
I have no idea what the mean will be like in the next few years. My main point is that from a historical perspective, anyone who buys USD now will be buying it very cheap based on the historical exchange rate.
There are 3 main scenarios which I see happening:
1) USD stays about the same - Not much difference to me here.
2) USD appreciates in value -> No real benefit to me as I have already allocated these funds to US equities.
3) USD continues to depreciate -> Alright with me since I plan to add to my positions over the years
As a bottoms up investor, I pay much more attention of the fundamentals of companies so I don't try to predict what's going to happen on a macro level. In either case, the USD appreciating or depreciating has no real impact on my investment strategy - nor does predicting the eventual exchange rate.