Episode 09 — The Currency Question
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Episode 09 — The Currency Question
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Summary
Your basket grew 8%. The market went up. And you still lost money.
That is currency risk — and it is one of the most underestimated forces in long-term investing. Not because it is complicated. Because it is invisible.
In this episode I explain the difference between transaction currency and base currency, why the same basket can produce very different results for investors in different countries, and what two tools are available to manage the risk.
Including hedged ETFs — what they are, how they work, and whether the cost is always worth it.
Plus — why the US dollar is almost unavoidable in a globally diversified portfolio, and what that means for you.
The ingredients are known. The basket is understood. The currency question has been addressed.
I'm Jorge. I'm here because your child deserves the advantage we never had.