Quote:
Originally posted by Rich
lol, CDSmith no offense but you need a new financial advisor. The USD has been overvalued for years, it probably won't get to 1.5 again in our lifetime. Keeping money in a USD account hoping the exchange rate will eventually increase a couple percent is about that stupidiest thing you can do with your money. No offense, you're getting bad advice bro.
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Well, rich, no offense here but if you're not prepared to offer or suggest an alternative, why spout off at all?
Okay I'll ask.... what are YOU doing with your US money?
Again, for those that are mentally deficient... all I said was that IF YOU CAN FUCKING AFFORD IT.... then leave some US money in your US account for a while. It ain't rocket science, and it isn't bad advice at all. If you have some fund that you can sink your US bucks into without taking such a loss then by all means do it, and share it with the class if it's not too much trouble.
Anyone can say it *probably* won't get to such-and-such in our lifetime.... then again once this whole war thing is behind us and the oil situation again changes, who's to really fucking SAY what the hell is going to happen with the US and CDN dollar values? Every mouthpiece in existance has an opinion, so what? No one can intelligently argue that markets (especially including money markets) go up and down constantly. That means that for every "up" there is going to be a "down", and guess what?..... that means every "down" is usually followed by an "up" at some point.