Index Investors, Which Currency Should You Pick?
Imagine this for a moment. You’re a young, single person walking along a path and you stumble upon an ancient lamp with instructions on the side.
“Rub me,” it says, “and your dreams will come true.” Curious, you rub that lamp and a genie appears. She offers one thing.
She says, “Every young, attractive, eligible man or women [you get to choose the sex] will find you irresistible for life.” You rub the lamp excitedly. Unfortunately, this might spell plenty of trouble. With all the options to choose from, it might be almost impossible to choose a life partner.
Such is the case with investing. You might want a diversified portfolio of low-cost ETFs. But there are so many options. To compound the problem, they trade in different currencies.
So, which currency should you pick?
Image by Pixabay