Lots of people get bored looking at their near zero cash earnings when depositing. Yup, it seems like it only makes sense to stick with the money, and yeah, it’s nice that you have gotten away with all the potential troubles so far, but hey, the boredom of it all!
A friend of mine called me recently saying he’s going slow while waiting for some action. I smiled and said to him, “You mean you are eager to invest in some currencies, but you are afraid to sink, right?”
He said, “I guess,” waiting for me to come up with a suggestion without having to make it sound like he’s looking for advice.
If the desire to get some movement in the currency is strong enough and the feeling of sitting on non-performing money is unbearable, this is a situation that needs careful handling. One should not enter into a situation like an alcoholic who craves a drink, or a gambler who needs to bet in order to bet.
It’s not easy to fall in love with any currency these days. However, it’s not hard to be upset about holding one species in particular, the British pound. Lately, when I think of the pound, I see a tumbler swinging on a tightrope with no safety net underneath and a strong storm approaching. Now, getting rid of it means one has to enter another currency. Personally, I feel that lately the US dollar has been tempted and saying “Hey, come and get me before it’s too late”. This does not mean that many people do not have a different opinion. This too, because any marketplace needs a buyer and a seller.
It does not take much imagination to reach the conclusion that the United States will be the first to emerge from the recession. Likewise, it does not take much imagination to realize that sterling cannot be forever stimulated or riding on the back of this or that feeling or risk appetite. Somewhere along the line, all of this has to be paid in full. This means that the belt must be tightened, and whoever is going to tighten it, it will not be very popular with the crowd, as it always is. But this, of course, is another matter.
Chance weapons must be carefully maintained in their best condition, as must be knowing when and how best to use them to obtain maximum results. Everyone gets a chance to hit it right at least once, and I’m sure many of you will admit that this opportunity had them, only to see it pop out the window due to not quite ready to grab it. This does not mean that one should think about suspicious possibilities. It is wise to know when not to move forward, let go, and turn away.
With all this in mind, I called my girlfriend saying that if the need was so great that she had to do some measures, I would shed my pronto pounds, and win dollars. I wasn’t expecting miracles right away, but I do expect to move forward with elegance in time. The game is not for taming young birds, it is more for eagles. They have a knack for spotting prey, but we know that the eagle is a patient bird.