Should I invest in dollars?

@oyenkai (4394)
Philippines
September 15, 2008 9:56pm CST
The news today says that the stock market in the US is crashing. I want to know if it is wise to still invest in dollars. I know that the stock market of the US is crashing NOW but do you think it will recover soon? If it doesn't isn't it still stronger than the peso?
2 responses
juliefaye
@juliefaye (1214)
• Philippines
16 Sep 08
You should wait and see first how the dollars will recover in a matter of a month before you do your moves. It's hard to earn money nowadays and might as well be wiser to invest it into anything that will surely give us profits.
oyenkai
@oyenkai (4394)
• Philippines
16 Sep 08
You think a month is good length of time to wait? The stock market issue is really freaking me out. Well it doesn't really affect me but a lot of OFWs (Overseas Filipino Workers) are getting scared.
juliefaye
@juliefaye (1214)
• Philippines
17 Sep 08
I think so.. by that span of time you can see how the dollars swing against the peso. Thanks again for the BR.
oyenkai
@oyenkai (4394)
• Philippines
17 Sep 08
LOL, no need to thank me. I always rate my discussions. It's easier for me to review them when I actually forget an information that I already came across. Thanks for the advice, I found out that an office mate of mine is into stocks, and I've convinced him to coach me :D
POKALEANIL
@POKALEANIL (169)
• India
17 Sep 08
yes,oyenkai, This is very inteligent idea to invest in dollers. Now there streanthness in dollers it will go up gradually.Mostly foreign investers r interested in dollers. u can join with them also,Thsi is good idea,my dear. thanks anil