Two Plus Two Newer Archives  

Go Back   Two Plus Two Newer Archives > Other Topics > Business, Finance, and Investing

Reply
 
Thread Tools Display Modes
  #1  
Old 11-04-2007, 02:55 AM
aslowjoe aslowjoe is offline
Senior Member
 
Join Date: Mar 2004
Location: Vancouver
Posts: 906
Default US dollar is killing me. How to fight back

Like many Canadians the US dollar is killing. Besides having a fair amount of US cash and investemnts my $ per hour playing poker is also getting slapped. Not to mention my day job is getting crushed by cheap US imports.
What is the best investment in the US to take advantage of this. I guess any manufacture that relies on exports but I have to think that there is very few examples of this. I know I am missing the boat somewhere.
Reply With Quote
  #2  
Old 11-04-2007, 03:57 AM
spino1i spino1i is offline
Senior Member
 
Join Date: Jul 2005
Location: im a tagfish that always folds
Posts: 2,429
Default Re: US dollar is killing me. How to fight back

short dollar.
Reply With Quote
  #3  
Old 11-04-2007, 04:34 AM
ArturiusX ArturiusX is offline
Senior Member
 
Join Date: Sep 2004
Posts: 9,762
Default Re: US dollar is killing me. How to fight back

If you go short on the dollar, in a way it'd be like hedging.
Reply With Quote
  #4  
Old 11-04-2007, 12:25 PM
Guest
 
Posts: n/a
Default Post deleted by Mat Sklansky

Reply With Quote
  #5  
Old 11-04-2007, 12:27 PM
tolbiny tolbiny is offline
Senior Member
 
Join Date: Mar 2004
Posts: 7,347
Default Re: US dollar is killing me. How to fight back

[ QUOTE ]

What is the best investment in the US to take advantage of this.

[/ QUOTE ]

The best investments to counter the falling dollar are outside the US. You get the growth potential of the company + the gains in the exchange rate of the currency.
Reply With Quote
  #6  
Old 11-04-2007, 02:27 PM
lozen lozen is offline
Senior Member
 
Join Date: Mar 2005
Location: Great White North
Posts: 2,071
Default Re: US dollar is killing me. How to fight back

Us Stocks Look for for some shares that are low and have decent balance sheet. I love Duke Energy and Pfizer. When the dollar rebounds you will see the stock gain as well as the dollar swing. I sold both of these 6 months ago as I saw our dollar hitting new highs. Never thought it would get this high. Couple big hurricanes and it will rise even further as does Oil. On the plus side I bought a new car in Vegas and saved $10,000 Some are saving up to $30,000 on luxury vehicles
Reply With Quote
  #7  
Old 11-04-2007, 04:49 PM
leo. leo. is offline
Member
 
Join Date: Apr 2007
Location: Cardiff, UK
Posts: 57
Default Re: US dollar is killing me. How to fight back

[ QUOTE ]
Like many Canadians the US dollar is killing. Besides having a fair amount of US cash and investemnts my $ per hour playing poker is also getting slapped. Not to mention my day job is getting crushed by cheap US imports.
What is the best investment in the US to take advantage of this. I guess any manufacture that relies on exports but I have to think that there is very few examples of this. I know I am missing the boat somewhere.

[/ QUOTE ]

Surely you want to be keeping your invesments out of the US if the dollar is tanking?
Reply With Quote
  #8  
Old 11-04-2007, 11:14 PM
ArturiusX ArturiusX is offline
Senior Member
 
Join Date: Sep 2004
Posts: 9,762
Default Re: US dollar is killing me. How to fight back

You guys are way overthinking this. All he has to do is go short and he's hedged against any movements.
Reply With Quote
  #9  
Old 11-05-2007, 02:09 AM
bmxicle bmxicle is offline
Senior Member
 
Join Date: Sep 2005
Posts: 456
Default Re: US dollar is killing me. How to fight back

how exactly do i go about shorting the dollar? I only wanna protect some of my future income, i'm not all that interested in taking an investment position.
Reply With Quote
  #10  
Old 11-05-2007, 02:36 AM
Masakik Masakik is offline
Member
 
Join Date: Jan 2006
Posts: 94
Default Re: US dollar is killing me. How to fight back

I'm a Canadian, and i have a large portion of Poker money in U.S... Should I take money out cause the dollar is just going to get worse? Or do you think i should wait it out and it'll get better?
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 08:15 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2022, vBulletin Solutions Inc.