In this edition of your Quarterly Wealth Advisory, Jeff D. Opdyke sat down with international investing expert Kim Iskyan to discuss the current, rare opportunity to pick up high-quality foreign stocks at discount prices.
In recent months, the Federal Reserve has been aggressively raising interest rates to try to tame inflation in America. Since the U.S. has been raising rates faster than other economies, this has had the effect of pushing up the value of the dollar relative to other currencies. Indeed, just this week, the value of the dollar exceeded the value of the euro for the first time in 20 years.
That means we now have a situation in which 1.) foreign stock prices are down in terms of their local currencies because global stock prices are down and 2.) the cost of those stocks in dollar terms has fallen as well, because the currencies those stocks are valued in are down relative to the dollar.
In this edition of your Quarterly Wealth Advisory, Jeff spoke to Kim about why the dollar is so strong right now and the opportunities this presents for risk-tolerant investors.
They also discussed what will happen next with the dollar, including the impact of the Russia-Ukraine war on the greenback’s long-term future, and why it’s never been easier for Americans to invest in high-quality foreign stocks.