Top 5 Ways to Take Advantage of a Strong Dollar

The U.S. Dollar is the strongest it’s been in 20 years. A strong dollar can produce winners and losers, both in America and on foreign soil. What can you do to ensure you’re among the winners?

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Certain activities will be relatively less expensive, as will some goods and investments. There are also business types that can prosper in this climate and others that will struggle.

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Let’s explore five ways you can take advantage of this strong dollar while it lasts.

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Top 5 Ways to Take Advantage of a Strong Dollar

#1 Travel Abroad

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Compare that to today’s costs outlined above, and you can see how a trip in the fall of 2022, which we’re currently taking, is much more affordable.

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As a current Michigander, it’s my duty to say buy American-made, but… I can’t ignore the fact that any auto priced in a foreign currency is a better deal now as compared to when the dollar was weaker.

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Since, by law, individuals can only import cars that are at least 25 years old thanks to the Imported Vehicle Safety Compliance Act of 1988, buying a foreign classic isn’t exactly hurting U.S. automakers, anyway.

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#3 Invest in Foreign Stocks (Rebalance)

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Top 5 Ways to Take Advantage of a Strong Dollar

The U.S. Dollar is the strongest it’s been in 20 years. A strong dollar can produce winners and losers, both in America and on foreign soil. What can you do to ensure you’re among the winners?

Certain activities will be relatively less expensive, as will some goods and investments. There are also business types that can prosper in this climate and others that will struggle.

Let’s explore five ways you can take advantage of this strong dollar while it lasts.

Top 5 Ways to Take Advantage of a Strong Dollar

#1 Travel Abroad

Compare that to today’s costs outlined above, and you can see how a trip in the fall of 2022, which we’re currently taking, is much more affordable.

As a current Michigander, it’s my duty to say buy American-made, but… I can’t ignore the fact that any auto priced in a foreign currency is a better deal now as compared to when the dollar was weaker.

#2 Buy That Classic Foreign Automobile

Since, by law, individuals can only import cars that are at least 25 years old thanks to the Imported Vehicle Safety Compliance Act of 1988, buying a foreign classic isn’t exactly hurting U.S. automakers, anyway.

#3 Invest in Foreign Stocks (Rebalance)

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