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

[Innova_Boy]

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]

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

[shadow]

^^^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..

[dopamine101]

trade to euro siguro

[Galactus]

US$ 50,000 roughly translates to P2.3M

I'd deposit 2M in a 5-year TD with monthly accrual of interest (~16.6k), then spend the rest (40" LCD, car wash-over, travel, etc.)

Seriously, the dollar is weak (but it doesn't equate to the peso being strong), kaya best to exchange it right now. I think ang forecast ng most analysts ay US$1 = P44 by the end of the year.

[mazdamazda]

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]

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]

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.

[JaMiH]

since malapit na mag xmas.. exchange ko na to peso tapos sa xmas.. bibili ng USD ulit kung kelan mas mababa na yung exchange rate... :P

[BlueGirl]

Hmmm..Let's see.. magtour

[Flagg]

Investment ba kamo?

Bili you ng Shelby GT500KR... di babagsak ang presyo, magagamit mo na, ang fogi mo pa...

[Horsepower]

50,000 USD lang ba yun GT500KR? i thought it was more than twice than that.

[DonT]

I had $ in some investment...but because of the trend in the Peso to USD exchange rate, a few months ago, I decided to change my all my $ to Peso, I had to cut losses, but still I lost almost 20% in value.

But I was again able to recover my losses coz I invested them in some Peso funds which did pretty well the last few weeks.

I also do feel that the USD is weakening while our economy is getting a little bit better. If one wants to keep some foreign curreny savings, the euro might be better to keep.

[gildred]

Withdraw ko siya at ipalit ko sa Euro. Yong iba siguro, invest ko sa stock market.

[torque2006]

invest in a business.

[Mile2]

I'll put it in investment funds whether in dollar or pesos.

http://www.icap.com.ph/factsfignavps.asp

it is better than TD.

[VtEC]

trade the 25k into euro and the remaining will be on peso.masyado mahina ang $ ngayon.

[Isuzoom]

give it to me and i will teach what to do with it.....

[claRkEnt]

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

Hmmm..Let's see.. magtour

^^^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]

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.