Is it time to sell USD?

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Anonymous
Is it time to sell USD? 2016-02-13 19:21:00 Post No. 1092513
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Is it time to sell USD? Anonymous 2016-02-13 19:21:00 Post No. 1092513 [Report]

Hey there, I'm from EU.
Oddly enough, more than 90% of what I earn is in USD. I'm not a spender, I have quite a pile of cash accumulated during last years.
For my future plans that money are essential.
I need your advice about what to do with USD at this moment. It seems that USD is going down against euro, but is it a temporary downfall or a slow tendency?
I know it's hard to make any accurate predictions, but given the situation, what would you advice?

I'm not spending these money in a year for sure anyway. So, convert to EUR while it's still 1.13 or wait it out?

Thanks.

Anonymous 2016-02-13 19:24:41 Post No.1092518
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Anonymous 2016-02-13 19:24:41 Post No.1092518 [Report]

>>1092513
yes, take all your USD and buy Euro!

if you have a high tolerance for risk, you should actually be buying the Russian Ruble!

Anonymous 2016-02-13 19:28:59 Post No.1092525
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Anonymous 2016-02-13 19:28:59 Post No.1092525 [Report]

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>>1092518
I'm quite retarded at these things and I'm not trying to be pretentious here. From my perspective, EUR and USD were proven to be quite stable.
Question is, am I losing money long-term if I'm not converting it now. After all, USD wasn't so strong in years.

Anonymous 2016-02-13 23:44:17 Post No.1092872
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Anonymous 2016-02-13 23:44:17 Post No.1092872 [Report]

>>1092513
No. Don't sell USD you idiot.

Anonymous 2016-02-13 23:48:09 Post No.1092880
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Anonymous 2016-02-13 23:48:09 Post No.1092880 [Report]

>>1092525
So here is why you shouldn't sell USD (just yet):

USD: Multiple fixed currency pegs in the Middle East (oil producing nations), biggest equities market in the world in terms of market cap, and one of the best (albeit slowly eroding) systems of property rights. As well as investor friendly.

Europe: Bureaucratic nightmare full of lunatic unelected politicians who think they can will the economy to improve with a pen. Flawed currency regime. Multiple regions sat on monstrous debt that isn't aggregated at the federal level (this is pretty much an economic powder keg arrangement.)

USD pegs: weakening with a good chance to come uncoupled, sending the US higher.

EUR pegs: weakening with a good chance to send the EUR lower.

Don't do it. Just. Don't.

Anonymous 2016-02-14 07:50:52 Post No.1093440
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Anonymous 2016-02-14 07:50:52 Post No.1093440 [Report]

>>1092880
thanks.

I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible. Read more on this topic here - https://archived.moe/talk/thread/1694/

I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible.
Read more on this topic here - https://archived.moe/talk/thread/1694/