Hi all,
I am receiving some income in USDs. My base currency in which I want to retire is EUR. There is a slight chance that I will spend in USD in the future, as I travel/move abroad for work reasons, but who knows.
Question for anyone in similar situations: do you exchange any income in a foreign currency into your base currency right away, or do you keep a small part of your holdings/portfolio in a foreign currency? It could fit in my emergency funds, for example
My current procedure is to just exchange USD in EUR as I get it. This avoids having one more ETF or cash in USD, and for a small % of my portfolio.
Thanks for any thoughts!
[Eur] Income in other currencies (vs. base currency)
Re: [Eur] Income in other currencies (vs. base currency)
Hi,
I have invested some earnings paid out into dollars into dollar denominated funds, for example SGLU which is a global government bond fund hedged back to dollars, + some other funds like short term bonds in dollars and some TIPs all through UCITS etfs. I can cash in and exchange any time but it isn't a significant portion of the overall. I also have some BRK and MKL in order to get up to the $60K limit on estate tax for US domicile. When exchanging dollars to euros I would watch the rate and try and avoid negative dips/rises.
DJN
I have invested some earnings paid out into dollars into dollar denominated funds, for example SGLU which is a global government bond fund hedged back to dollars, + some other funds like short term bonds in dollars and some TIPs all through UCITS etfs. I can cash in and exchange any time but it isn't a significant portion of the overall. I also have some BRK and MKL in order to get up to the $60K limit on estate tax for US domicile. When exchanging dollars to euros I would watch the rate and try and avoid negative dips/rises.
DJN
Yah shure. |
Have a look at the Bogleheads Wiki in the first instance.