No. of Recommendations: 1
Is there a simple way to diversify/hedge against the USD for a US based investor with all assets (stocks/cash) denominated in USD?
Like maybe a basket of currencies ETF?
BNDX, basket of bonds, not currencies, and seven years duration, so not short-term. Still, if other currencies go up, your USD interest will automatically go up.
I looked at buying currencies through my bank(s) and the Wise app, but the bid/ask spreads are really wide.
Haven't tried IBKR. Should I?
I already have accounts with Fidelity, Schwab, Vanguard, and RobinHood plus commercial banks. A bit reluctant to add one more but what you gonna do.
