tag:blogger.com,1999:blog-5465015914589377788.post47071631177118560..comments2024-03-20T09:32:16.592-04:00Comments on Michael James on Money: Measuring Returns in Different CurrenciesMichael Jameshttp://www.blogger.com/profile/10362529610470788243noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5465015914589377788.post-71080832706311680592018-02-23T13:26:33.991-05:002018-02-23T13:26:33.991-05:00@Garth: I like the addition of "after tax&quo...@Garth: I like the addition of "after tax". To me the key is not measuring two different investments in two different currencies -- the results can be misleading. Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-14599224487687086312018-02-23T13:00:17.655-05:002018-02-23T13:00:17.655-05:00It might be as simple as this: Your investments s...It might be as simple as this: Your investments should be valued at today's prices, in today's dollars, after tax, in CDN currency. After all, this is what you would receive (less costs) if you were forced to liquidate...Garthhttps://www.blogger.com/profile/14367654772040176371noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-12669205863778837872018-02-20T16:45:13.333-05:002018-02-20T16:45:13.333-05:00@Greg: We'll have to agree to disagree on tha...@Greg: We'll have to agree to disagree on that one. I think it makes more sense to judge all investments relative to the same currency.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-71872212457585058692018-02-20T11:16:25.398-05:002018-02-20T11:16:25.398-05:00It makes sense in the long term, where currency fl...It makes sense in the long term, where currency fluctuations are dwarfed by stock returns. The C$/US$ exchange rate doesn't really go anywhere in the long term, just fluctuates around an average. So as long as you aren't trying to realize the gains, I think comparing market returns without considering currency makes some sense. Gregnoreply@blogger.com