1.07.2023

Maybe it's the magic of Christmas

I wrote on October, 28 2018 that one of the reasons I like the weekends is that the stock market is closed.

This is a qualified truth, anyone who invests in an international stock market knows that the value of our portfolios fluctuates even during weekends because the exchange rates are never "closed".

The value of our portfolios can increase or decrease by 3% from the time we go to bed until we wake up. All depending on how the SEK performs against the $.

Since the currency hits the entire portfolio, there is no stop, neither up nor down. Waking up to a $10,000 increase is a good start to the day, the opposite not so good.

Recently, the SEK has remained reasonably stable against the $.


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