Strategizing US Stock Investments Amid Strong USD: A Singaporean perspective
@Spiders:
As a Singaporean investor focusing on the US stock and ETF markets, I often face the added complexity of currency exchange rates. Since the US dollar (USD) is strong right now, largely due to the Federal Reserve's hawkish stance, it has been trading at approximately 1 USD to 1.363 SGD. This makes converting my Singapore dollars (SGD) into USD less favorable at the moment. Current Strategy: Holding Off on Conversions To mitigate the impact of the strong USD, I’m currently investing only with the USD I already hold in money market funds rather than converting fresh SGD into USD. These funds not only preserve my USD capital but also provide a small return, allowing me to maintain liquidity for potential investment opportunities. Considerations Before Buying Stocks The strong USD presents a di