Ted Bauman Blog | Time Is Running Out To Turbocharge Your Investments | Talkmarkets
Editor, The Bauman Letter
Contributor's Links: Banyan Hill Publishing

Ted Bauman joined Banyan Hill Publishing in 2013 and serves as the editor of The Bauman Letter, Plan B Club and Smart Money Alert, specializing in asset protection, privacy, international migration issues and low-risk investment strategies. He lives ... more

Time Is Running Out To Turbocharge Your Investments

Date: Monday, November 20, 2017 9:38 PM EST

In the real world, ninety-nine cents will not get you into New York City. You will need the full dollar. ― Bruce Springsteen, Born to Run

I remember the first time I set foot in South Africa. It was 1984. During a layover in Johannesburg on my way to Cape Town, I waited to board with a young South African.

“Theengs are getting expaynsive in this country,” he said, in a classic Capetonian twang. “Ah just paid two bucks for a beer.”

Bucks? I thought the dollar was a “buck.” It was strange to hear a foreigner refer to his own currency that way. Eventually, I became accustomed to people adopting American financial slang. It was everywhere.

But I brought more with me to South Africa than preconceived notions about our currency. I brought enough of it to invest in something priced in a foreign currency … something that has paid off extremely well for me over the years.

I was able to afford this valuable asset because the dollar was strong at that time compared to the foreign currency in question.

That’s a play you should consider making, too … before it’s too late.

Like most people, Americans have a contradictory relationship with their currency.

On one hand, many of us are proud of the strength of the dollar. It’s a reflection of the strength of our economy and our position in the world. Cheap overseas vacations in countries with weaker currencies don’t hurt, either.

On the other hand, a strong dollar is bad for many of us. It makes American exports more expensive, hurting job-producing manufacturing industries. It makes imports cheaper, encouraging consumers to buy foreign goods, and harming our trade balance.

On balance, we’d all probably be better off if the dollar were a bit weaker. And that’s definitely going to happen … especially with another $1.5 trillion in federal deficits on the way, thanks to the tax cut passed by the House on Friday.

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