Since interest rates are now finally going up, the dollar is increasing in value against other currencies.
For example, GBP is down 11% from this time last year, whilst the S&P is down nearly 2% and the NASDAQ nearly 11%. Add those together and that’s a lot of red.
On the bright side, the FX conversion for previous investments actually result in a temporary lower loss (or gain if you’re that good) but moving forward, investing in the US markets with the dollar this strong is not looking very attractive at all.
E.g Buying Google now at $2,300 would be the equivalent of buying it at $2,550 a year ago. Adding to that your own currency will hopefully go back up eventually, it’s all very depressing. Great company and $price for the stock but the return is looking poor.
Anyways, just my thoughts currently. At least with this FX I can sell my ARK I bought in January 2021 for 10% more than they’re worth :).
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