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buying dollars

I'm an American who's living in Norway currently, and I'm getting paid in kroners. The kroner is doing really well compared to the dollar, and so I'm wondering if it might be a good idea to use some of my kroners to buy a pile of dollars, hoping that the dollar will eventually recover. I could put maybe the equivalent of $5000 into this, with perhaps upwards of another $700 or so each month. Thoughts?

I should note that I do have about $50k in student loan debt that I need to pay off, and perhaps that would be a better investment for me. However, the rates on the loans are really low (2% or so)...

Thanks in advance.

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Reply to
Mike
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it would make sense to buy CDs or other bonds denominated in US dollars since your loans are in dollars. Just make sure you get more than that 2% + taxes.

-- Ron

-------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup.

Reply to
Ron Peterson

Oh, right, I completely neglected the CD option. Cool. Thanks.

-------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup.

Reply to
Mike

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