Taking advantage of the strong US dollar

[autoque]

I had about $40,000 USD exchanged to Canadian dollar so when Canadian dollar is back up again (maybe not at par), I can sell it at a higher price. Also sometimes I stay in Canada for months (have a residence), so it's good to have some CAD in the account.

I was thinking of buying up some Euro but CAD seemed more relevant to me. And I don't think this high U.S. dollar craze won't go too long.

What do you guys think? I think this was a better move than buying up some stocks of failing companies...

[JCL]

My US stocks are down (of course) but I am up significantly on the exchange. I am thinking of moving back to CDN currencies for that portion of my portfolio as I think Canada will do better over the coming year than the US will.

[autoque]

[lakai]

Nice move. I've been doing the same thing in terms of taking advantage of the strength of the USD because it won't last. I took some drastic measures and cashed out my entire 401K and half of IRA early last week total around $620k after penalties and taxes. I used most of it to pay off the rest of my mortgage in my Vancouver home as well as additional principal payments on my place in Hong Kong. I exchanged around $100K USD into HKD and RMB, and $20k into CAD.

I plan to move whatever cash left in my margin and forex accounts within a month into either CAD or RMB by the end of the month, there is still money to be made with options and forex. I wouldn't go into the EURO unless you have a specific reason to.

[autoque]

Originally Posted by lakai

I wouldn't go into the EURO unless you have a specific reason to.

I thought the same.

[bozo]

The pound is at like a buck and a half or something..Unbelievable...When I left a few months ago, it was at $2.12....I just told my tenant the rent is going up...