Investing in another currency: what are the expenses and the downsides? Should you still do it when the cause is right? This week’s online coffee chat stock discussion deals with KGHM: A Polish silver and copper producer.
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Dr. Stern’s trading platform carries KGHM shares, but if he were to invest, he would have at least 1% loss on exchange rates and another 1-2% loss on dividends when converted between Polish złoty and Euro or Swiss Franc.
On the other hand, Hermann believes that Poland brought additional safety to his possible investment when they handled the Ukraine refugee crisis in the best way possible. Poland has shown its loyalty to the European Union and, together with safety for the companies, it will bring the entire country to a better stand among other European nations.