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Re: Where to Park USD
Posted: Thu Feb 22, 2024 7:23 am
by Gulliver
Tkydon wrote: ↑Wed Feb 21, 2024 3:49 pm
Gulliver wrote: ↑Wed Feb 21, 2024 3:31 pm
Am I over estimating the significance of the exchange rate? For example: $300,000= approx. ¥45,033,600. That’s a 50% profit, if I am calculating that correctly?
Today it is worth that. That is actually about a 30% profit over what it would have been worth Pre-COVID...
Who knows in the future?
Without any growth, …
It depends if ultimately you want the money in Yen or Dollars...
I guess inflation/deflation in Japan vs US would also have an effect. But forecasting that is probably an impossibility?
Re: Where to Park USD
Posted: Fri Feb 23, 2024 10:10 am
by Tsumitate Wrestler
Gulliver wrote: ↑Thu Feb 22, 2024 7:23 am
Tkydon wrote: ↑Wed Feb 21, 2024 3:49 pm
Gulliver wrote: ↑Wed Feb 21, 2024 3:31 pm
Am I over estimating the significance of the exchange rate? For example: $300,000= approx. ¥45,033,600. That’s a 50% profit, if I am calculating that correctly?
Today it is worth that. That is actually about a 30% profit over what it would have been worth Pre-COVID...
Who knows in the future?
Without any growth, …
It depends if ultimately you want the money in Yen or Dollars...
I guess inflation/deflation in Japan vs US would also have an effect. But forecasting that is probably an impossibility?
If you could forecast it, you would not tell anyone how, and you would be a billionaire.