Subject: Re: Foreign currency predictions from HSBC
Thanks for pointing out WIP. I have been negligent in my efforts to always keep some investments in the currencies in which I spend, and I suffered some sticker shock at how much the USD dropped just before our annual trip to Europe. After a fair bit of travel in the US and seven weeks in Europe, my unscientific anecdotal opinion is that even at the current exchange rates, nice places in the south of France and Greece are bargains compared to the prices in mountain towns of the western USA. WIP was just what I was looking for to diversify.