Top 5 Ways to Take Advantage of a Strong Dollar

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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.

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Let’s explore five ways you can take advantage of this strong dollar while it lasts. Note that I’m not saying that you should do any or all of these things, so this is not a list of recommendations, but rather a list of activities and ventures that make more financial sense to do now as compared to a time when the dollar is weaker.

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Taking Advantage of a Strong Dollar

Once you arrive to your foreign destination, you’ll find that your dollar goes a lot further than it once did. As an example, when I visited Europe with my then-fiancée in 2007, I recall trading about $1.35 for one Euro and over $2 U.S. Dollars for a British pound.

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.

Since a strong dollar is a bad things for most foreign stocks, this may be counterintuitive, but if your goal is to buy low and sell high, you might see foreign stocks as available at a discount in times with a strong dollar.

You can invest in foreign real estate in any number of ways. The easiest would be to invest in an international REIT like Vanguard’s Global ex-U.S. Real Estate mutual fund or ETF.

Once again, I’m not recommending you import or export any of these things, but a business that primarily imports goods to the United States will be better positioned to do well when the dollar is strong.

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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.

Taking Advantage of a Strong Dollar

Once you arrive to your foreign destination, you’ll find that your dollar goes a lot further than it once did. As an example, when I visited Europe with my then-fiancée in 2007, I recall trading about $1.35 for one Euro and over $2 U.S. Dollars for a British pound.

#1 Travel Abroad

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 a strong dollar is a bad things for most foreign stocks, this may be counterintuitive, but if your goal is to buy low and sell high, you might see foreign stocks as available at a discount in times with a strong dollar.

#3 Invest in Foreign Stocks (Rebalance)

You can invest in foreign real estate in any number of ways. The easiest would be to invest in an international REIT like Vanguard’s Global ex-U.S. Real Estate mutual fund or ETF.

#4 Invest in Foreign Real Estate

Once again, I’m not recommending you import or export any of these things, but a business that primarily imports goods to the United States will be better positioned to do well when the dollar is strong.

#5 Start an Import Business

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