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Number of messages in the thread: 3

1. Date: 2008-07-04 23:18:53
Subject: buying dollars
From: Mike <r...@g...com> Search message by this author

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.

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2. Date: 2008-07-06 01:59:01
Subject: Re: buying dollars
From: Ron Peterson <r...@s...core.com> Search message by this author

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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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.

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3. Date: 2008-07-06 09:04:16
Subject: Re: buying dollars
From: Mike <r...@g...com> Search message by this author

> 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.

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