Article about the "Currency Exchange Risk"

[San_Francisco]

@Barto

If you lived in San Francisco since the 90s and didn’t buy shares of tech companies, rents have gone up by so much you might not be able to afford to live there today

Rents can go up and tech companies’ stock can still go down (and boy they did, at the beginning of the millennium!).

That’s not an argument for buying local stocks - if anything, that’s an argument to buy real estate assets that provide a hedge against rising rent/property prices.

@Daniel

Good point. I used the Nasdaq 100 because in my experience, most people are more familiar with that index. I also find it a more fair comparison with the SMI

It may be the more popular alternative to the S&P 500 for Swiss retail investors - but I wouldn’t consider it a fairer comparison, quite the contrary.

Nasdaq 100 excludes the financial sector by design - whereas that’s the third biggest sector in the SMI.