By: Wilfred Ling

image-of-thinking-man-s-brain-through-bowler-hat-uid-1460691.bmpA client of mine was paid in US dollar. He asked me whether should he maintain a US dollar saving account and accumulate his saving there as he receives the US salary. The rationale is because of the declining US, he hopes it will “recover” in the future. If he converts all the money into SGD now, there is no “hope” of recovering.

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