There are no stupid questions, only stupid answers 😊
Since I haven't had the experience yet, probably like when the Dmark € change came, you will be able to sell the shares with new currency 😊👍
Since I haven't had the experience yet, probably like when the Dmark € change came, you will be able to sell the shares with new currency 😊👍
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@Simpson is converted into the new currency accordingly. At the time of the DM to € exchange, shares that cost 100DM were worth 51.13€ (exchange rate 1:1.95583)
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•@Simpson Thank you!
So (too much) cash would probably always be the wrong choice with a long investment horizon. 😅🙏🏻
So (too much) cash would probably always be the wrong choice with a long investment horizon. 😅🙏🏻
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•@Dividenden-Sammler But could the shares have been exchanged for USD, for example?
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@zjusl In fact, the currency itself is the biggest danger that loses value 😂 It is not for nothing that you are on the better side with shares in real estate precious metals 😊
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•@zjusl You have to open a broker in the USA and buy there 😊
You're worrying too much 😂
You're worrying too much 😂
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•@zjusl it is exchanged into the new currency that would follow the euro. You can't choose.
What you can of course do is open a custody account in the USA, Switzerland, etc., then transfer your securities there and sell them there. Then there is USD or CHF on the clearing account, which you should also keep there.
What you can of course do is open a custody account in the USA, Switzerland, etc., then transfer your securities there and sell them there. Then there is USD or CHF on the clearing account, which you should also keep there.
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@Simpson true, although the shares were traded in euros even before the euro was introduced
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@Simpson did not have to. I have a free foreign currency account with my broker and convert USD into it to buy USD bonds, for example. I could also buy corresponding securities in USD on US stock exchanges and did so some time ago. However, the fees are hefty. The depository is not clearstream either. I had done this in part with $MO and $VZ and still hold them and also once had an ADR from Petrobas
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