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zhang

16 Aug 2020

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I have USD50K in saving. The intention is to hedge against the impending drop of USD. Any advice on how to deploy USD?

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Forex Coach Aik

16 Aug 2020

If you take the view that USD is going to drop, the obvious step would be to convert it into another currency which is likely to appreciate. However, doing such conversions with banks are costly because of the spread. The more cost effective approach is to deposit the USD50K with a reliable forex broker. Then open an account to trade.

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I am turning 18 and would like to have some perspectives and guidance for investments and savings. I have a steady monthly saving about $600+ and a part of my savings in FD. Any advice?

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