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<p>[QUOTE="medoraman, post: 1161355, member: 26302"]Trying to be nice. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> </p><p><br /></p><p>First, yes if you buy all of your position at once you run an extreme risk of choosing your timing poorly. Any type of time delayed process of acquisition will help minimize this specific risk though, like DCA. Second, I do not agree that US businesses getting more orders because the dollar is lower is making items at "fire sale prices". The world is not static, and if our factories can win orders because our dollar is lower it is in fact beneficial to us. We do benefit. The downside is that consumers have to pay more for imports or exportable items, but remember that a lot of your monthly expenses are not tied to international currency markets. Real Estate is local, you cannot export your condo to China. Overall, business and employment benefits by a lower currency, while fixed incomes and consumption of imports suffers. This is exactly why many countries manipulate their currency to stay more competitive in world markets.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1161355, member: 26302"]Trying to be nice. :) First, yes if you buy all of your position at once you run an extreme risk of choosing your timing poorly. Any type of time delayed process of acquisition will help minimize this specific risk though, like DCA. Second, I do not agree that US businesses getting more orders because the dollar is lower is making items at "fire sale prices". The world is not static, and if our factories can win orders because our dollar is lower it is in fact beneficial to us. We do benefit. The downside is that consumers have to pay more for imports or exportable items, but remember that a lot of your monthly expenses are not tied to international currency markets. Real Estate is local, you cannot export your condo to China. Overall, business and employment benefits by a lower currency, while fixed incomes and consumption of imports suffers. This is exactly why many countries manipulate their currency to stay more competitive in world markets.[/QUOTE]
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