I have received several questions from readers about how I exchange & move currencies for investments in the Euro Peer to Peer lenders I invest with. So instead of continuing to answer the same questions over and over via email, I decided to write a quick post on the subject as it appears to be ..
What if I told you that you could retire earlier than you ever thought. What if I told you that you could live comfortably by the beach on less than 1000 per month?
QUESTION 1 – “Why do you prefer to work with USD and not GBP or even EUR? Is it because of the Bonds, Stocks and Reits you choose?”
ANSWER – There are a few reasons:
1. The first is that I lived in the USA for many years so most of my assets are in US Dollars as that’s how I was paid. I haven’t seen any reason to change that as of yet
Towards the end of the last post on Wolfe Waves back in December, we identified a weekly bullish Wolfe Wave in the TLT (Long Term US Treasury Bond ETF). The wave completed just last week, then interestingly enough, turned back down. If you would have gone by the WW rules and got out at the target line, that would have been around a 10 point profit
On the 9th of December I posted about a potential bearish wave in the S&P 500 & VTI ETF. Yesterday (17-12-18) it hit the target line exactly in Both!
I noticed a bearish Wolfe Wave that looked like it was about to reach point 5. I continued to watch, and sure enough it looks like it may hit the target line!
Wolfe Waves Many years ago when I was still finding my feet with investments and looking to “get rich quick”, I took an interesting trading course by a gentleman called Bill Wolfe on an investment strategy called “Wolfe Waves” (named after himself obviously). It is similar to the Elliott Wave Theory, however much easier ..