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0 sats \ 5 replies \ @kilianbuhn OP 12 Jul 2022 \ parent \ on: Happy Euro-Dollar parity everyone 🥳🥳🥳 bitcoin
60% of my networth have been in USD for the past 5 years or so (stocks and cash),
Ownership of productive businesses isn't money in USD. Indeed, companies are often leveraged which is literally being shot USD.
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3 sats \ 4 replies \ @KingZing 12 Jul 2022
I have to get USD to trade in US stocks, including when I sell the stocks. They handle the FX risk on their business end.
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0 sats \ 3 replies \ @kilianbuhn OP 12 Jul 2022
The way your brokerage denominates does not affect the exposure of your positions - it affects your taxes at most.
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3 sats \ 2 replies \ @KingZing 12 Jul 2022
I don't think you understand what I am saying. It isn't how the broker denominate my position. You have to get USD to buy US exchange listed stocks, and when you sell, you get the USD. These aren't denominations, these are actual currencies swapped. i.e. I have to exchange into USD before deposit/through the broker. This is also why IB is a great broker since they have incredible FX rates.
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21 sats \ 1 reply \ @kilianbuhn OP 12 Jul 2022
Why do you hold it though? Immediately exchange it!
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0 sats \ 0 replies \ @KingZing 12 Jul 2022
Hold what? I am not sure what you are trying to say here lol
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