For the last several years we’ve been saying that when the dollar surge returns it will wipe out everything in its path.
“…the die is cast for an eventual transition from the dollar to a new world reserve currency.
Before that happens the vast majority of investors will miss out on one of the greatest moves in history fueled by the US Dollar.
It will also be one of the greatest paths of destruction to our global monetary system.”
~Financial$Matter post 08/06/2020~
So, guess what?
Contrary to popular belief, the dollar is NOT dead.
READ: The Dollar is Not Dead May 16 2018 (HERE)
We’re not saying I told you so about the recent rise in the dollar.
Well, yes, we are…kinda…sorta.
And if we fail to point this out then we’re doing our readers a disservice.
Huh?
You see, the problem with most investors is that we only look at the world through our American eyes.
As a result, we’re clueless as to what affects the global markets.
And the lapdog media presstitutes will be the first to say things like: “I’m shocked, I tell you…Shocked. Who could have foreseen this happening?”
But what they’re really clueless about is why a strong dollar – which is what we’re seeing today – cripples most global markets.
Especially Emerging Markets (EM).
They won’t tell you – mostly because they don’t understand the reason – that most of the world’s bond market is denominated in…wait for it…DOLLARS.
So, when the dollar rises, it becomes a double whammy against bond prices…especially when interest rates are rising.
Question: Do you own any foreign or emerging bond funds?
If so, then get out…NOW!
Even if it means taking a loss.
Because of the Dollar Surge
And don’t bother asking your financial advisor why they didn’t tell you to get out.
Why?
Chances are they’re clueless to the risks involved and probably sold you on the idea of “Diversification” as the reason to own it in the first place.
BTW, diversification is the most abused word on Wall Street and should be classified as ‘di-worse-ification’ because the Dollar Surge destroys that myth.
To understand this better, be sure to read How Diversification Can Be Your Worst Enemy in the October edition of “…In Plain English” (HERE).
And we’ll also show you a simple and easier way to diversify and avoid the pitfalls of most financial advisors’ recommendations.
What are you waiting for?
Get your copy today (HERE).
And share this with a friend…especially if they own foreign bond funds.
They’ll thank YOU later.
At Financial$Matter We’re Not Just About Finance.
But we use finance to give you hope.
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