> Cam wrote: > You are betting your retirement on the economy - ok. I thought you > were asking about exchange rates. >
I was, but it's all the same thing for me. I keep cash for emergencies, but I could invest it. Rather than just hold it in a savings account I try to make some small amount of money on it so I've been keeping it in foreign currencies (as well as some CDs, etc depending on how the year is going). Anyway, Sam and I have this thing going about the sky falling so I'm hoping I can convince him to lay a number down for the dollar exchange and then at the end of year we can see who was closer. But, either way, right now my non-CD type cash is in Euros and Yen. If I'm right, at the end of the year I could make a decent return on that cash (5% would be glorious). If Sam's right, I'll be neutral or negative and Sam can rejoice in my loss. This year I was just over 1% gain although I would've been higher had it not been for my Euro loss. Or, from Sam's view, I would've lost a lot more had I not pulled my money out of loss-leading Euros. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Message: http://www.houseoffusion.com/lists.cfm/link=i:5:190649 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
