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Date: Sat, 5 Jul 2008 20:59:01 -0500
From: Ron Peterson <r...@s...core.com>
Newsgroups: misc.invest.financial-plan
Subject: Re: buying dollars
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On Jul 4, 6:18 pm, Mike <r...@g...com> wrote:
> 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

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