Monday, September 14, 2009

To take loss or hold USD?


Hello Mr Tan
I am retired. I am currently holding US Dollars converted from Dual Currency Investments. At the current low exchange rate and low interest rates, what should I do with the US Dollars to minimise my loss of about S$60k.

REPLY
If you think that USD will go lower, you can take your loss now. If you think that it will go up, you can hold on. But, I do not know whether it will go up or down. So, I cannot advice. Sorry.