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View Diary: New: concern trolling the euro (241 comments)

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  •  Savings (1+ / 0-)
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    bigchin

    When I changed jobs a while back, I started an IRA with a local financial services guy.  I started putting the whole thing in international funds because of the outlook for the dollar.   THe guy recommends each year that I shift my savings back into US equities for safety.  But I tell him I have much more confidence in the euro as long as the current administration insists on piling up ever increasing debt, thus weakening the dollar.

    So far, so good.  Barring the onset of the dark times, its comforting to have some savings denominated in a lower risk currency.

    Thanks for the diary.

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