What is Pat’s commentary for the week of January 30, 2024
Article Excerpt
Here’s the text of my latest letter to our Portfolio Management clients, sent in November 2023:
“As I began work on this letter to our portfolio clients, an interesting and thought-provoking question came in from a member of our Inner Circle.
The member asked,
“Pat, I know you recommend diversification among individual stocks and stock groups, and between the U.S. and Canadian markets. But right now, the U.S. dollar is way above the Canadian dollar in foreign exchange markets—higher than I’ve ever seen it. Shouldn’t we hold off on buying more U.S. stocks? I’d like to wait till the U.S. dollar goes back down to where it was a few years ago.”
Generally speaking, this is not a good idea. To start, the foreign exchange value of a U.S. dollar is one step removed from the U.S. dollar value of U.S. stocks. The U.S. dollar and U.S. stocks don’t move up and down together, like a bunch of people in an elevator. Some U.S….
Privacy Policy and Terms of Use
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
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