I'm British, fairly new to investing and am holding mostly cash right now. I sold almost all my shares a couple of months ago to prevent going deeper into the red when it looked liked the big downturn was on its way.
However I decided to hold onto my MSFT shares because that company is gonna be solid for a long time, and so far it seems to be weathering things much better.
Those MSFT shares are down a little, but over this past week I've noticed that my trading app (T212) is showing I'll get a positive return because the UK pound has weakened, so the FX difference against the dollar offsets the loss.
It's got me thinking: Where is best to hold shares to combat inflation right now?
My mind immediately jumps to Chinese companies, simply because they're as far away from the west's new economic situation as possible, and the CCP makes a strong effort to have it's own contained economy. Plus they've just come out of covid lockdown so things are presumably on the up too.
Or maybe Australian companies? I really don't know.
Input and ideas appreciated.
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