buying dollars

Financial Planning - Financial planning in general. (Moderated) 

  Yahoo!   Google   Windows Live   del.icio.us   digg   Netscape

Subject Author Date buying dollars Mike 07-04-2008  Re: buying dollars Ron Peterson 07-05-2008  Re: buying dollars Mike 07-06-2008
Posted by Mike on July 4, 2008, 7:18 pm I'm an American who's living in Norway currently, and I'm getting paid in kroners. The kroner is doing really well compared to the dollar, and so I'm wondering if it might be a good idea to use some of my kroners to buy a pile of dollars, hoping that the dollar will eventually recover. I could put maybe the equivalent of $5000 into this, with perhaps upwards of another $700 or so each month. Thoughts? I should note that I do have about $50k in student loan debt that I need to pay off, and perhaps that would be a better investment for me. However, the rates on the loans are really low (2% or so)... Thanks in advance. -------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. Posted by Ron Peterson on July 5, 2008, 9:59 pm > I'm an American who's living in Norway currently, and I'm getting paid > in kroners. The kroner is doing really well compared to the dollar, > and so I'm wondering if it might be a good idea to use some of my > kroners to buy a pile of dollars, hoping that the dollar will > eventually recover. I could put maybe the equivalent of $5000 into > this, with perhaps upwards of another $700 or so each month. Thoughts? > I should note that I do have about $50k in student loan debt that I > need to pay off, and perhaps that would be a better investment for me. > However, the rates on the loans are really low (2% or so)... it would make sense to buy CDs or other bonds denominated in US dollars since your loans are in dollars. Just make sure you get more than that 2% + taxes. -- Ron -------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. Posted by Mike on July 6, 2008, 5:04 am > it would make sense to buy CDs or other bonds denominated in US > dollars since your loans are in dollars. Oh, right, I completely neglected the CD option. Cool. Thanks. -------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. Similar Threads Posted turn kroners into dollars? February 25, 2008, 3:46 pm OT Buying A Townhouse May 30, 2007, 4:59 am renting vs. buying May 27, 2008, 6:54 pm chinese buying us equities May 14, 2007, 5:12 pm buying a house without an agent February 14, 2008, 2:23 pm Help info on buying into a business April 14, 2008, 12:14 pm Buying Stocks (or ETFs) for Kids July 5, 2007, 11:07 pm Buying a bank owned home July 12, 2007, 5:04 am buying,selling shares within retirement accounts March 31, 2007, 8:27 am Economics of retaining an older car, versus a buying a new car July 5, 2008, 5:15 pm