Everything was not better before

The current performance of the Swedish krona can be compared to British ski jumper Michael Edwards "Eddie the Eagle" who finished last in the 1988 Calgary Olympics, while the US dollar can represent Finnish ski jumper Matti Nykanen who won the same event.

At closing yesterday, the current exchange rate was 1 USD equal to 11.04 SEK, which can be compared to the exchange rate on November 24, 2014, which was 1 USD equal to 7.42 SEK. Although this development is fantastic for our portfolio value, which consists of 99% American stocks, it means that we Swedes are becoming significantly poorer compared to the rest of the world.

Thanks to the "newer" online banks such as Avanza and Nordnet, which provide a platform with a user-friendly interface for private individuals at competitive prices, today it is much easier to "currency hedge" your savings by buying American or European stocks compared to the dark ages when the world's most perfect husband bought his first stock.

AI generated image with Grok