blessed2day
New member
I'm getting a 7 figure payment next month. I wanted to put it all into USD ETFs as per the Bogleheads philosophy. However, the exchange rate is so bad.
So my options are:
What are your thoughts?
Edit: Based on some insightful comments and useful links (1 and 2), I've decided to do the lumpsum approach because it wins most of the time. My timing could be sh*t and I could be losing here but odds are I'll be fine. Especially with my investment horizon of 10y plus. As put aptly by @mutambo, I'll not miss the forest for the trees. I'm not here to play FX, I'm investing in the underlying assets.
So my options are:
- Stick to plan. Convert lumpsum to USD; or
- Build a 12-mth FD ladder. Convert to USD upon maturity. In a way, this would average out the FX I experience over 12 mths.
What are your thoughts?
Edit: Based on some insightful comments and useful links (1 and 2), I've decided to do the lumpsum approach because it wins most of the time. My timing could be sh*t and I could be losing here but odds are I'll be fine. Especially with my investment horizon of 10y plus. As put aptly by @mutambo, I'll not miss the forest for the trees. I'm not here to play FX, I'm investing in the underlying assets.