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#1
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Say you're working overseas in Asia but getting paid in US dollars. With concerns of the dollar's continual decline, what sort of strategies would be good with a long-term outlook in mind (at least 5-10 years)? opinions on short-term? Assume that your salary is at least $200,000. If that amount is still too small to worry about moves in currency, at around what amount does it begin to matter?
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#2
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it definitely matters. Buy some forward/futures contracts?
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#3
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you're getting discrete payments every couple of weeks, so you can just switch up the currencies then (most credit cards will let you charge in either currency for a nominal fee). If you plan on returning to the states, having most of your assets in the dollar still makes sense.
Plus you have an embedded option: if the dollar continues to get killed, your salary is actually going up. If the dollar outperforms, then you can ask for more money or leave and get a job in the US. |
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