Hi all,
I’m from the US originally but I’m living long term in Europe (0% chance I will be moving back). I’ve recently received a gift of 30k USD - which is great - however I’m bummed about bringing it back into EUR given how weak the dollar is compared to a few months ago.
I have some significant expenses in the near future for which the money could be useful, but nothing where I would absolutely need it. Also, my wife is vehemently against stocks so that’s a no-go (we have invested in real estate).
Right now I’m between the two following options: 1. Put the money in a “high” yield savings (Amex has .5% a year for example) and wait until the dollar turns around, even if it’s a year or two down the line 2. Just bite the bullet and transfer the money to EUR. This would allow me to buy a used car 100% cash (instead of leasing as I’m currently planning to) or make a bigger down payment on an investment property I just bought (interest is .95% so it won’t be a huge savings)
Which of the options do you think is better (or do both suck)? Any other insight you could provide? Thanks very much for your help!!!!
Submitted December 26, 2020 at 09:32PM by je5046 https://ift.tt/3mPzBTZ
