Will the dollar continue it's weaking trend? If so where should I invest to preventthis from happening?
Some people say foreign stocks are the ways to go. Forex scares me as it is more trading less investing. Should I buy some European property?
I am afriad at the current rate the dollar(On Bloomberg they mentioned it breaking Technical barriers) is going it will be worth as much as a Mexican Peso.
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Tagged with: bloomberg • current rate • Forex Questions • Mexican • mexican peso • peso • rate • stocks • technical barriers • trend
Filed under: Forex signals
As a protection against the dollar, in the past many traders have bought into gold, but this doesn’t prove itself correct all the time, I have seen the dollar weak and gold prices go down for a short time, but at the end it always adjusts. A great way to play gold is GLD.
gold & silver
There is probably nothing you as one investor can do to keep the value of the dollar from declining. The best you can do is to keep the value of your money from declining by transferring it into non-dollar-denominated investments.
It is very unlikely that the dollar will decline to the value of the Mexican Peso. The value of the peso is closely connected to the value of the dollar. The dollar could conceivably decline to be on a par with the Canadian dollar at most.
The US is spending a lot of money in Iraq, and taxes collected are insufficient to make up for this.
I would suggest that you buy ETF’s and mutual funds that are invested outside the US
Check out the following: DODFX, DREGX, PRLAX, UMEMX, JAOSX, MCHFX, SWOIX, IEV, FEZ, EWA, FEMKX, SSAIX, EZU. Go to Yahoo Financial and Morningstar and do your own research.
I would expect the dollar (and dollar-denominated investments) to rise as soon as Juniorbush leaves office. How long this lasts will depend on actual measures taken by the next president.
You can buy the mutual funds (5 letter ticker symbols) at no charge, and the others for $7.00 an order through Scottrade.
Good luck.