Lets all agree that change is inevitable. The ability to detect or understand a specific change then act on it as an opportunity to make money is……exceptional.
For all types of creating wealth, we must remain cognizant of diversification.
This concept is very relevant and necessary when allocating to asset classes, geographical location, related industry, money manager, or project developer.

What about diversification by currency within your holdings?

Most millionaires and valuable corporations should have the four main currencies.
These include Canadian dollar, American dollar, Swiss Franc, and Euro.
Nobody knows for sure what will happen, only speculation as to the future of the Canadian dollar value. This currency diversification concept will make your investments safer, more stable, and may dramatically increase your return over time.

What are the chances either the American dollar gains back its value over time, or the Canadian dollar drops in value? Very good. How are the majority of your investments held? Everything on paper is exactly that until bought or sold. The United States has always been a powerhouse so accept they will always be around. Consider the undervalued businesses and buying opportunities in America right now because of the world state.

The Swiss Franc is the only currency in the world backed by gold. This is exactly why you should own S.F denominated investments. Having written that, do not consider gold to be an investment as it is only a resource, hedge against inflation, and lastly a tool to give the ultimate strength to a currency.
The Euro is the main currency of Europe. It would make more sense to hold all Euro denominated investments instead of Canadian because of its size.

In conclusion, you need outstanding, diversified investments in different currencies around the world.

An investment operation is one which upon thorough analysis promises safety of principal and an adequate return. Operations not meeting these requirements are speculative. –Benjamin Graham-

Produced by Cool Private Wealth Counsel Incorporated