what will you do if you have $50,000 now??

**Innova_Boy** · October 5th, 2007 02:25 PM

I know some of you will answer ( I will buy these and that etc....)..

But my question is with regards to foreign currency exchange now and the future... have read that by year end, the forecast is 1USD=42PHP, then by next year it will be around 38-39 to 1USD..

SO will it be wise to exchange it now to Peso? than wait coz the value of USD will even go down and I'm gonna lose some more peso...

Or just wait til the USD will go back to 50+ levels which we do not know when will happen again??

WBR,

**oldblue** · October 5th, 2007 02:31 PM

i'll buy 1 54" Wide Format and 1 100" Wide format Printer.

**shadow** · October 5th, 2007 02:44 PM

^^^ang kulit, nilinaw na nga ni innova boy yun question eh....

I think if extra naman yan itago mo na lang muna, kahit anong sabihin mas safe pa rin pag nasa dollars ang pera mo or convert it to euro siguro..

**claRkEnt** · October 5th, 2007 05:33 PM

Originally Posted by oldblue

i'll buy 1 54" Wide Format and 1 100" Wide format Printer.

Originally Posted by BlueGirl

Hmmm..Let's see.. magtour

Originally Posted by shadow

^^^ang kulit, nilinaw na nga ni innova boy yun question eh....
..

bro shadow, magkamag-anak ba yang dalawa? parehong BLUE, parehong sablay.

:peace:

well, keeping it in Euro form would be safer and less risky.

**niky** · October 5th, 2007 06:19 PM

50k dollars? Real estate... ;)

Seriously, if you're worried about your savings, diversify your portfolio.

But then again, in business, money in the bank is wasted money, because you aren't using it, you're losing bits and pieces all the time to inflation.

**dopamine101** · October 5th, 2007 02:45 PM

trade to euro siguro

**mazdamazda** · October 5th, 2007 02:49 PM

I'd just think that a decade ago the exchange rate was something like P25:$1.

Seriously, you can diverse your assets by investing some in dollars, euros, yen, peso and pound. It's really hard to speculate on currency, it wasn't too long ago that financial "experts" were predicting that the peso would slide down to P70:$1.

**Horsepower** · October 5th, 2007 02:58 PM

Change it to more stable currency. Right now, Euro is gaining.

I also told that to my friend who keeps a multi-million dollar acct. Told her to just change it to Euro to cut her losses. Also told her about the plans of Arabs to change their reserves to Euro from Dollar (which will further bring down the USD).

**1D4LV** · October 5th, 2007 03:00 PM

i would still hold it and invest it in Dollar bonds or dollar denominated t-bills.
and yes, the idea of diversifying it to other currencies like JPY, Euros, Aussie Dollars is also good.