Pardesi, Jeddah replied on Wednesday, February 3, 2010 02:34 PM
Friend is right. There is no match for a homeless person to build a house against keeping money in Forex. Financial loss means nothing against domestic, social & psychological benefits (peace of mind). Any way u can make up the loss by renting it out if u remain aborad.
For an expat, following is the solution to the given devaluation problem:
Keep ur money in Forex unless u carefully decide invest it in Pakistan. If u want to invest, do Istekhara beforehand. Future is not known to anybody thus psychological deception comes when we try to calculate it in Forex terms. Once it is invested, measure ur gain or loss in PKR only.
Think of a situation: u were analysing an investment 1.5 years earlier but afraid of currency valuation u had foregone the opportunity. Although, rupee depreciated & ur decision proven correct to that extent but on the other hand u might have missed an opportunity to secure a higher gain, had there been a great appreciation in that investment.
Infact, currency gain is not a real gain because else everything get adjusted over a period of time direct or in inverse proportion. |
