Is the U.S. Dollar On its Way Out?

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Investing, Education, Business

4.7 • 3.1K Ratings

🗓️ 15 May 2023

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

There's been a lot of conversation recently about the U.S. Dollar and other currencies/economies. So what should you make of it all, and how should this impact your financial strategy? We'll walk you through that question and more in today's Q&A episode! Jump start your journey with our FREE financial resources Reach your goals faster with our products Take the relationship to the next level: become a client Subscribe on YouTube for early access and go beyond the podcast Connect with us on social media for more content Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	First up, we've got a question from Joey.
0:09.0	It's a spicy current events one.
0:11.3	Are you ready for this?
0:12.7	All right.
0:13.7	The US dollar doesn't seem as dominant as it once was.
0:18.5	And with China's economy potentially overtaking ours, I'm worried about investing so heavily
0:24.5	in US stocks.
0:26.1	Is the dollar on its way out?
0:28.1	And should we go heavier in international stocks?
0:31.1	What do you think?
0:32.1	Yeah, Joey, this is an interesting one.
0:34.2	This seems to be commending a lot of headlines right now, right?
0:37.7	There's conversations around world currency and people pulling out of contracts and what's
0:43.2	going to be the base currency and all that sort of thing.
0:46.2	And here's what makes me nervous about these big seismic shifts that people think that
0:52.4	could happen.
0:54.3	While something could take place and it could have long term impacts, the amount of time
0:59.7	that it takes for that to actually manifest is significant.
1:03.3	It takes a long time for that to take place.
1:05.3	And you have to ask yourself, all right, when I'm investing, when I'm going out and buying,
1:11.4	what am I making a choice on?
1:13.1	Like I'm saying, okay, I want to go out and work and I'm going to go trade my time doing
	...

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