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Rmann@Epi
7Mes
In my normal GTAA model, I bet on the hedged Nasdaq100 ETF. That didn't work. 😕

Fortunately, gold pulled that out. 😀

I think the currency effects are still far too little taken into account in most strategies here. That can quickly backfire, as you can see
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PowerWordChill@PowerWordChill
7Mes
@Epi Yes, especially if you have a high US share + gold / BTC...
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Rmann@Epi
7Mes
@PowerWordChill And that's what most people here have.
But if the USD drops 30%-50% because of the debt in the US or something like that, then some portfolios will bleed. 🧐
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PowerWordChill@PowerWordChill
7Mes
@Epi ALL will then bleed, some more others less...
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Rmann@Epi
7Mes
@PowerWordChill No, not all of them. There are also sectors and asset classes that perform very well. Classics: commodities, EM.
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PowerWordChill@PowerWordChill
7Mes
@Epi I also meant all investors, because there is probably no one who has less than 40% USD in their portfolio.
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Rmann@Epi
7Mes
@PowerWordChill Who do you mean by "none"? My USD share across all portfolios and assets is somewhere between 5 and 10%.
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PowerWordChill@PowerWordChill
7Mes
@Epi Did you have all that?
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Rmann@Epi
7Mes
@PowerWordChill No, the 3xQQQ and the QQQ in my annuity wrapper are unhedged. Also 2-3 shares. The rest is in monetary assets or in other currencies (AUS, CAN).
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Ayecaramba@Ayecaramba256
7Mes
@Epi No, exactly the wrong way round. A weak USD is good for our portfolios. At the moment we need 1.06 US dollars for one euro. If it were to fall by another 50%, we would only need 0.53 US dollars for one euro --> our US dollar assets would rise by 50% without the assets actually rising. Unless I have just made a blatant error in my thinking
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PowerWordChill@PowerWordChill
7Mes
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