Comments on: Poll: With the Weak U.S. Dollar, What Action Are You Taking? http://genxfinance.com/poll-with-the-weak-us-dollar-what-action-are-you-taking/ Helping a unique generation achieve financial independence. Thu, 24 May 2012 01:09:21 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: jenny http://genxfinance.com/poll-with-the-weak-us-dollar-what-action-are-you-taking/comment-page-1/#comment-38730 jenny Sun, 18 Nov 2007 23:26:47 +0000 http://genxfinance.com/2007/11/15/poll-with-the-weak-us-dollar-what-action-are-you-taking/#comment-38730 I'm as well positioned with my investments as I think I can be, though I don't have much confidence that that will be enough. The most significant thing I am doing is that I am supporting Ron Paul for President. Rather than being a "nut", he is the only candidate who seems to have a grasp of finance beyond the smoke and mirrors blather of the Fed. His election would not prevent our having to deal with the bill that is going to come due to my children and grandchildren, but he is knowledgeable enough and honest enough to lead us out of what's coming. I’m as well positioned with my investments as I think I can be, though I don’t have much confidence that that will be enough. The most significant thing I am doing is that I am supporting Ron Paul for President. Rather than being a “nut”, he is the only candidate who seems to have a grasp of finance beyond the smoke and mirrors blather of the Fed. His election would not prevent our having to deal with the bill that is going to come due to my children and grandchildren, but he is knowledgeable enough and honest enough to lead us out of what’s coming.

]]> By: Jeremie B http://genxfinance.com/poll-with-the-weak-us-dollar-what-action-are-you-taking/comment-page-1/#comment-38206 Jeremie B Sat, 17 Nov 2007 19:39:35 +0000 http://genxfinance.com/2007/11/15/poll-with-the-weak-us-dollar-what-action-are-you-taking/#comment-38206 I am buying more US stocks that have more potential growth overseas. I also purchased Canadian stocks that trade directly with American companies. I think ETF's won't provide as good as a return as the U.S. "best of breed stocks." I am buying more US stocks that have more potential growth overseas. I also purchased Canadian stocks that trade directly with American companies. I think ETF’s won’t provide as good as a return as the U.S. “best of breed stocks.”

]]> By: David http://genxfinance.com/poll-with-the-weak-us-dollar-what-action-are-you-taking/comment-page-1/#comment-37848 David Fri, 16 Nov 2007 16:41:15 +0000 http://genxfinance.com/2007/11/15/poll-with-the-weak-us-dollar-what-action-are-you-taking/#comment-37848 I like European and Pacific ETF's. You could also throw in some Emerging Markets to round things out. I like European and Pacific ETF’s. You could also throw in some Emerging Markets to round things out.

]]> By: Fecundity http://genxfinance.com/poll-with-the-weak-us-dollar-what-action-are-you-taking/comment-page-1/#comment-37440 Fecundity Thu, 15 Nov 2007 19:24:38 +0000 http://genxfinance.com/2007/11/15/poll-with-the-weak-us-dollar-what-action-are-you-taking/#comment-37440 I voted other, as I've got an outsider view. Your currently weak dollar means cheaper imports for many of the rest of us. The holidays can be relatively cheap this year for Canadians between buying straight from US retailers, and because many Canadian retailers are currently dropping prices to compete with cross border shopping. My portfolio is already diversified globally, which is a wise move for everyone, and downright necessary for people living in smaller market countries with more variable currency. I'm tempted to try trading currency, as the Canadian Dollar is currently strong, but I'm probably too much of a chicken. I voted other, as I’ve got an outsider view. Your currently weak dollar means cheaper imports for many of the rest of us. The holidays can be relatively cheap this year for Canadians between buying straight from US retailers, and because many Canadian retailers are currently dropping prices to compete with cross border shopping.

My portfolio is already diversified globally, which is a wise move for everyone, and downright necessary for people living in smaller market countries with more variable currency.

I’m tempted to try trading currency, as the Canadian Dollar is currently strong, but I’m probably too much of a chicken.

]]> By: Stu http://genxfinance.com/poll-with-the-weak-us-dollar-what-action-are-you-taking/comment-page-1/#comment-37420 Stu Thu, 15 Nov 2007 17:47:50 +0000 http://genxfinance.com/2007/11/15/poll-with-the-weak-us-dollar-what-action-are-you-taking/#comment-37420 I vote other; I'm becoming more frugal (am not in the position to acquisition 24k gold bars or pump oil in my backyard so I can only do the small things). I switched to shaving with a safety razor the old fashioned way over the mach3 way. The savings are immense ($1.54 for a pack of 10 blades at walmart each giving about 10 shaves, vs $10 for a 4 pack of mach3... lol!) I vote other;

I’m becoming more frugal (am not in the position to acquisition 24k gold bars or pump oil in my backyard so I can only do the small things).

I switched to shaving with a safety razor the old fashioned way over the mach3 way. The savings are immense ($1.54 for a pack of 10 blades at walmart each giving about 10 shaves, vs $10 for a 4 pack of mach3… lol!)

]]> By: Stock Advice http://genxfinance.com/poll-with-the-weak-us-dollar-what-action-are-you-taking/comment-page-1/#comment-37417 Stock Advice Thu, 15 Nov 2007 17:30:37 +0000 http://genxfinance.com/2007/11/15/poll-with-the-weak-us-dollar-what-action-are-you-taking/#comment-37417 With most foreign markets not looking so great, Gold or currency trading seems to be the way to go. But also consider that we might be somewhere near the end of the dropping dollar. There is probably still more downside but the dollar has already dropped a lot. Strong US based global companies are also still a good play. With most foreign markets not looking so great, Gold or currency trading seems to be the way to go. But also consider that we might be somewhere near the end of the dropping dollar. There is probably still more downside but the dollar has already dropped a lot.

Strong US based global companies are also still a good play.

]]> By: Jeremy http://genxfinance.com/poll-with-the-weak-us-dollar-what-action-are-you-taking/comment-page-1/#comment-37405 Jeremy Thu, 15 Nov 2007 16:58:53 +0000 http://genxfinance.com/2007/11/15/poll-with-the-weak-us-dollar-what-action-are-you-taking/#comment-37405 Steve, thanks for mentioning FXE. I was actually unaware of these ETFs that track currency directly. This is very interesting! I need to look into these more. Steve, thanks for mentioning FXE. I was actually unaware of these ETFs that track currency directly. This is very interesting! I need to look into these more.

]]> By: mjmcinto http://genxfinance.com/poll-with-the-weak-us-dollar-what-action-are-you-taking/comment-page-1/#comment-37403 mjmcinto Thu, 15 Nov 2007 16:54:56 +0000 http://genxfinance.com/2007/11/15/poll-with-the-weak-us-dollar-what-action-are-you-taking/#comment-37403 I voted "nothing, part of the cycle", but I thought I should note that I've been putting a decent amount in international investments for several years now. I voted “nothing, part of the cycle”, but I thought I should note that I’ve been putting a decent amount in international investments for several years now.

]]> By: Steve http://genxfinance.com/poll-with-the-weak-us-dollar-what-action-are-you-taking/comment-page-1/#comment-37398 Steve Thu, 15 Nov 2007 16:46:27 +0000 http://genxfinance.com/2007/11/15/poll-with-the-weak-us-dollar-what-action-are-you-taking/#comment-37398 I bought FXE, an ETF that tracks the Euro against the dollar. I only put 5% of my portfolio into this but it's helping to offset the declines in the US market. I'm also upping my international exposure a bit. I bought FXE, an ETF that tracks the Euro against the dollar. I only put 5% of my portfolio into this but it’s helping to offset the declines in the US market. I’m also upping my international exposure a bit.

]]> By: rstlne http://genxfinance.com/poll-with-the-weak-us-dollar-what-action-are-you-taking/comment-page-1/#comment-37388 rstlne Thu, 15 Nov 2007 16:13:32 +0000 http://genxfinance.com/2007/11/15/poll-with-the-weak-us-dollar-what-action-are-you-taking/#comment-37388 I've had foreign stocks since 1996 and precious metal bullion since 2004. Whether or not you anticipated the crisis, it has always been a good idea to diversify outside of the US stock market. I’ve had foreign stocks since 1996 and precious metal bullion since 2004. Whether or not you anticipated the crisis, it has always been a good idea to diversify outside of the US stock market.

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