Commodity Quote by Hedrick Smith
“I personally make sure that some of my investments are in foreign securities or in international commodity portfolios that are independent of the US dollar. But that's a personal preference. I do not invest in currencies because it's so complicated and so risky. I would not attempt that without excellent professional help.”
About This Quote
Source Interview: Financial Advice Segment, 1995
Investors often diversify by holding foreign assets and commodities to reduce reliance on the US dollar, but avoid currency trading due to its complexity and risk without expert help.
In simple terms: Diversify with foreign assets, avoid risky currency trades without experts.
Key Takeaway
Seek professional guidance before currency investments.
Themes
investment
diversification
risk management
Mood
cautious
pragmatic
Type
advisory
financial
When to use this quote
- personal finance planning
- retirement accounts
- wealth building
- risk assessment
Key Concepts
currency markets
foreign securities
commodity portfolios
Questions to Reflect On
- Do you understand the risks of currency markets?
- How can you find trustworthy professional advice?
A Different Perspective
Currency trading can still expose you to volatility despite diversification.
