4 ms·
So it's probably a good idea to have some investments that aren't tied to USD right now, yeah?
by yosito 8y ago
So it's probably a good idea to have some investments that aren't tied to USD right now, yeah?
- qaq 8y agoUS due to its unique position can offload it's problems on the world at large it had -3% GDP in 2009 for some countries it dropped 10X that.
- tryptophan 8y agoGlobal markets have at least .5 correlation with each other. Doesn't matter which country or money you buy investments in. If you want to avoid market risk then just stick to short term bonds(arguably the safest investment).
- pretendscholar 8y agoRecessions in other parts of the world don't always affect the US but recessions in the US always affect other parts of the world.
- mabbo 8y agoIt's almost always smarter to have a geographically diverse portfolio, and to invest for the long term. I use a low-fee robo-investor, WealthSimple[0], that has me invested in a variety of ETFs (Canadian, American, international) and bonds, and will rebalance my portfolio when any specific market falls or grows more than the others. I prefer this kind of investing because it's stupid, cheap, and works. [0]https://wealthsimple.com/ https://wealthsimple.com/ Or https://wealthsimple.com/invite/FCU4AG https://wealthsimple.com/invite/FCU4AG for a referral that gets you both of us some additional cash managed for free.