All investors with holdings in foreign assets are doing macro investing – but very few have decided which macro trade they are actually running. So argues long-time Monevator reader and commenter Ho Simpson [1] in this special guest Moguls post on FX hedging for retail investors.
There’s a popular myth in personal finance: remove FX volatility [2] from your portfolio – that is, the ups and downs of currency swings – and you’ll sleep better at night.