I’m receiving a relatively large inheritance from the US - but CHF keeps growing!

[jsmalls]

I’m receiving approximately $100’000 USD in a few months which I’m deciding to either send to Switzerland (where I live and invest), or send to my home country of Canada where I still have some money saved. The bummer (in this particular case), is the CHF keeps growing rapidly compared to the USD, so I won’t be receiving as much CHF as I would have the previous 5 years.

Can anyone think of a way of going about this so as to maximise my gains? This is the first time I’ve been in this situation.

Thank you!

 

[wendysanderlin]

@jsmalls Keep in USD and invest in some us ETF, like VT. Then forget about it for some years and enjoy.

 

[john57]

@wendysanderlin Probably best.

 

[advertisehere]

@jsmalls Keep in USD, invest in tracker fund via IBKR.

 

[virtualhope]

@jsmalls The long term trend is that CHF becomes stronger and stronger compared to USD (https://tradingeconomics.com/switzerland/currency, change to 50Y or All) so best long-term plan would be to find something to use the money in $.

 

[chris457]

@jsmalls Are you still a Canadian citizen? Could consider putting USD into a TFSA account

 

[john57]

@jsmalls Sorry for your loss .

Read this some time:

https://www.bogleheads.org/wiki/Managing_a_windfall

 

[sharlovesyeshua]

@jsmalls Open an account in USD here in Switzerland and wire it there. Now when investing, buy securities that are denominated in USD (funds, ETF's, stocks etc.)