Value of USD

[tmm99]

USD has come a long way (the tables have turned since this thread was posted in 2009)... My USD has been doing so much better against CAD (I am in Canada now..)

I imagine some of you are happy that USD is stronger while some are unhappy... It feels kind I am riding some kind of roller coaster... (Making a huge purchase could be tricky...)

[unno2002]

Currencies may fluctuate against each other, but overall it seems all government officials like to spend money they don't have, and create inflation.

[alaska55]

Running_man called it back in 2009, he called for for right reasons. The yuan and the euro are in the tank. All those people saying the yuan was going to be a reserve currency "Ha" fat chance of that happening

[Fermion]

Is RunningMan some sort of financial god or a psychic? That was a pretty great 2009 prediction. I will have to go look at some of his other posts to see if this was just a fluke.


Nevermind. He predicted the DOW would be at 4900 at the end of 2009 and it ended up being over 10,000.

[Totoro]

Quote:

Originally Posted by alaska55 Running_man called it back in 2009, he called for for right reasons. The yuan and the euro are in the tank. All those people saying the yuan was going to be a reserve currency "Ha" fat chance of that happening

Don't know the odds, but I wouldn't dismiss the yuan as reserve currency in the near future.

The yuan and the SDR: China knocks on the reserve-currency door | The Economist

The USD / EUR ratio has gotten me confused a bit as to what my actual portfolio performance has been the past two years.

[JoeWras]

I click on this thread and think: "What is wrong with OP, this post doesn't make sense." Then I notice it is from 2009. Oh!

USD value is always a plus/minus, depending on your situation. As a US Citizen touring abroad, it is "whoo hoo" right now. But if I were an exporter, I might be crying.

I was reading about the yuan, and how this may affect production of Mercedes in the USA. A lot of US build Mercedes are exported to China. This may throw a wrench in the works.

[jetpack]

So when will the up trend turn around? Sell high.

[soupcxan]

Who dares bump this thread from six years ago!?

[eta2020]

Strong dollar makes investing in overseas markets attractive.....
Time to add to international exposure.

[NYEXPAT]

I just filed for SS last week and my payment ( in Dollars) will be worth 20% more (in local currency) than just 18 months ago. The probability of no COLA this year is ok as inflation (here) is running below 3%.

[marko]

Quote:

Originally Posted by JoeWras I click on this thread and think: "What is wrong with OP, this post doesn't make sense." Then I notice it is from 2009. Oh!

I had the same reaction! "What are these people talking about?!"

Back to 2015, all this gives weight to the investing axiom: "Over time"

[tmm99]

Quote:

Originally Posted by soupcxan Who dares bump this thread from six years ago!?

So sorry! I am the OP. I was browsing through my old threads and found this particular thread. I apologize if I confused some of you.

The value of USD going up is making a huge impact on my finance since I hold all my assets in USD while living in Canada. It's like the stock market went up by 30% and my assets are now worth much more (if I spend my money in Canada) but just like the stock market, we don't know how long it will last (Only 4 years ago, USD $1 was weaker than CAD $1).

I decided to bump this thread up because it is affecting everyone else who is holding USD's living in a foreign country (or frequent foreign countries), and I wanted to know what they thought about this huge change in the last several months.

[MichaelB]

I think it's fun to see old threads. What we thought would happen, what did happen. Not so much who got it, more like "why was I thinking that"?

[NW-Bound]

I love to see old threads. How time flew!

[Bestwifeever]

Quote:

Originally Posted by MichaelB I think it's fun to see old threads. What we thought would happen, what did happen. Not so much who got it, more like "why was I thinking that"?

Ditto.

[Meadbh]

Ditto +1

I didn't know you could still bump a thread that old. Perhaps if you were the OP it is allowed.

[NW-Bound]

Anybody can bump an old thread, not just the OP.

Back on how many of us got it wrong, perhaps it should not be surprising. The market always has a way to confound the majority. Else, everybody would be rich, and we know that cannot happen (who would be left to work?).

And when the majority is right, we collectively bid up an asset so much there is little upside left. Even when you are right, the timing is still important. You've got to beat the crowd getting in first, then beat them out the door when things turn sour.

[Meadbh]

Quote:

Originally Posted by NW-Bound Anybody can bump an old thread, not just the OP.

That has not been my experience. I have had error messages like "this thread is more than 299 days old and you cannot post to it". And yes, I did once donate to FireCalc.

[eta2020]

Quote:

Originally Posted by NW-Bound Anybody can bump an old thread, not just the OP. Back on how many of us got it wrong, perhaps it should not be surprising. The market always has a way to confound the majority. Else, everybody would be rich, and we know that cannot happen (who would be left to work?). And when the majority is right, we collectively bid up an asset so much there is little upside left. Even when you are right, the timing is still important. You've got to beat the crowd getting in first, then beat them out the door when things turn sour.

Lot of people were advocating to buy Foreign equities and Commodities.

They should had loaded up on US equities which had lost decade behind it.

And right now we should probably load up on underperforming assets like Emerging Markets and Oil. (That means add to positions in those areas)

[MichaelB]

Quote:

Originally Posted by Meadbh That has not been my experience. I have had error messages like "this thread is more than 299 days old and you cannot post to it". And yes, I did once donate to FireCalc.

At the bottom of the page on these old threads there is a dialog box titled "Old thread warning" and allows you to select "I am aware that this Thread is rather old but I still want to make a reply".