Currency risk arises from exchange rate moves between pairs of currencies. If you have investments or assets in a foreign country with a different currency, you face currency risk, unless the foreign currency is pegged to your domestic currency or your exposure is hedged. A simple example shows how currency risk affects your returns. Suppose [...]
The Investor
Why it might be time to rename ‘dumb money’ the smart money, and for the smart money to get new jobs. Plus the week’s other reads.
How bad could things get in retirement — and how good could it go? Two UK bloggers add their two pence, plus other good reads.
Veteran UK investor Jim Slater is known for his penchant for high-flying growth shares. But that doesn’t mean he’s always optimistic. Slater has lived through many market cycles in his five decades of investing, and like any great investor he knows that shares go down as well as up. Back in 2008 I found his [...]