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Originally posted by Monk
Where did I say that planning for the future is wrong? What are you talking about? How old are you? I am talking about planning for the future..... just not based on sheer hope, like you do.
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You said it loud and clear in your last post. Plainly, you can't understand your own words. How can I expect you to grasp mine?
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Aren't you the guy who said "Like I say, up and down, So if you need to move some US over to your Cdn, move only what you need and leave the rest in your US account.... and wait." - Why would you give this advice if you are so unsure.
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Again you misunderstand. I looked at your "30 year" numbers, and I provided you a link to a chart that covers the past 2 years. BOTH show a basic rise and fall patter. Why is it that you are so sure that the #'s will continue to go down down down? I am quite sure the state of the US dollar has a lot to do with the situation in Iraq, and I am confident that it won't last forever. I am also confident that things will take an upswing for the US dollar eventually, regardless of what the Canadian dollar does. I have little faith in the Canadian dollar's ability to continue to aquire value. Call me cynical.
How can any of that escape you? It boggles.
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Bottom line is, unless you play the markets and know what you are doing, the best long term strategy is to dollar cost average your money by moving your money over on a regular basis.
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For the Nth time here..... by all means do so. Possibly in a year some of us will still be around to compare notes. I've been in the industry since late '98, and I'm in for the long haul.
You?