I've been following this site regularly and I try my best to follow advice that's published here. I think I'm a reasonably skilled investor and I honestly don't try to outsmart/time the market. I'm non-US and I had a reasonable portion of my savings invested in dollar based stocks. Couple of years ago my country's central bank decided to fix our currency to euro and then roughly 3 years ago they announced they would stop the intervention. The general expectations were, that the currency would get stronger by 15%, which would effectively mean a clean loss for me. The market seemed to be at its peak back then so I decided to pull out the money from stocks back to my currency. In retrospect it was not a good move as the end of intervention had smaller effect then anticipated and I missed the gains of last ~3 years.
So I have two questions:
- What I should've done differently back then (I guess I should've hedge against the currency risk and keep the stocks?)
- My assets have been sleeping on various low interest savings accounts. How to get back to market - especially now when the talks of recession are all around. I really feel uncomfortable to invest big sum to stocks at this climate