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Should I invest in foriegn money because of ...

Should I invest in foriegn money because of falling dollar? I think I'm being unpatriotic or betting againts my country if I do. But I see the dollar weakening and the pattern our economy is taking.


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I wouldn't feel bad about it but perhaps the fact the dollar is low means it's exactly the time to buy dollars. That's what I would do if I had money to invest. It's a risk of course but there is no way to make money in foreign currency without a little risk.

Posted 2008-01-10T11:06:47Z
Aardvark was invited by Yedda to answer this question.

 
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If you want to invest in something and not damage your country invest in something that will not change it's value try real estate.

Posted 2008-01-10T12:48:50Z
gabriwa was invited by Yedda to answer this question.

 

I personally think you will find some good buys in China-related stuff. China tech is gonna go crazy, too.

Posted 2008-01-10T17:21:57Z
yragcom1 was invited by Yedda to answer this question.

 
258 helpful answers

First off, I am going to assume you are an American (the dollar really gave it away).

You are a capitalist, that is what America was built on.  Pour your money into any currency, stock, or futures purchase you want.  If it is a good investment, your government will get it's cut off your income.  That's the american way.

 As for feeling bad...really?  American good and services look relatively cheaper compared to other goods and to the same american goods and services a short while ago.  That means more units sold for just a small dollar dip.  America would actually make more money.

So don't feel bad, seize the opportunity. 

Posted 2008-01-11T19:31:26Z
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