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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?

To: borb who wrote (1060)5/30/1998 12:39:00 AM
From: Step1  Read Replies (1) | Respond to of 3902
 
Sorry to butt in...

exchange rate will kill you, if it goes negative that is... That is definitely one of the worst part about investing in foreign equities, hey it could be worse, I work here and get paid in yen, in effect having taken a 50% pay cut in the last 3 years and it doesn't look too good for the next year either...

Hashimoto 's temporary tax cut will put about 14,000 yen more in my pockets this year...:-(
At today's rate, that is about 100 usd. Should I go out and spend it tonight and do my bit for the economy or should I wait for my next NTT bill (domestic calls only) to take half of it?

later
sg



To: borb who wrote (1060)5/30/1998 10:09:00 AM
From: chirodoc  Respond to of 3902
 
<<<<<Also, will you worry about exchange rate?

......absolutely!!!!!!!

.....yen could go to 150 and stay there for a while. why buy the stocks of a depreciating currency?

.....when japan turns, there will be an increase in the value of the yen!!!!

curtis


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