$NVIDIA (NVDA.US)$ hi can anyone suggest if i should keep mo...
$NVIDIA (NVDA.US)$ hi can anyone suggest if i should keep money in US dollars or SGD?? i keep loosing i have kept in USD
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
102450266 : Why are you losing & how much?
103288715 OP : Lost almost 500$ since yesterday cos US dollar going down
696999 102450266 : cuz money exchange
103682217 : I keep in sgd, with interest rates cutting down. USD is gonna lose value for coming year
102450266 103288715 OP : I'm sure it will recover your losses in a short period of time
KKK ok : Even if u make profit in us shares u are losing in term of currency exchange if u convert to sgd. dun convert no loss
The Bunny Trader : but if want to buy new us stock postion have to switch back to usd, wont the fees eat your money too?
Michael Fong : Every time u convert from USD to SGD and back to USD when buying US stocks again u lose in commissions made by bank. There is always a buying and selling rate quoted by bank and the spread is what the bank make. I suggest u still keep your idle USD in cash-plus instead to earn some returns to negate the exchange loss due to depreciating USD. Unless u are quiting US markets for good then convert all USD to SGD to stop loss.
102514703 : Hold on, until the interest rate increases, ah haha
101667813 103288715 OP : How much cash are you keeping in the account to lose that much and why not use it to buy shares?
View more comments...