There is no point in selling the American currency now unless absolutely necessary.
This advice was given to Russians by investment advisor Alim Gonov.
The expert's opinion is provided by Bankiros.ru .
Is it worth selling dollars now?
As Gonov explained, currency should only be sold if a rainy day has arrived or a large purchase is planned.
The expert strongly recommends against currency speculation.
The probability that you will end up in the black as a result of all the speculations is extremely low, Gonov noted.
According to him, dollars should be bought until the amount equal to 3-6 months of expenses is accumulated.
This is your financial safety cushion. Anything over 3-6 months of expenses should definitely not be saved in foreign currency, the expert said.
As Gonov explained, the dollar is not an investment tool, but a tool for saving. In order to increase savings, it is necessary to invest in reliable currency securities.
For reference
The United States dollar is the monetary unit of the United States and one of the world's major reserve currencies.
