After some deliberation I am pleased to announce that I have decided upon where to invest the balance of my capital following divesting AST SpaceMobile last week and the rapid 100% returns.
Given the continued deterioration of the current US administration and its belligerence to allies in my opinion, together with the accelerating deterioration in the value of the US dollar, I have decided to convert the USD received last week into GBP.
With an exchange rate approaching 1.40 USD per GBP it is certainly a lot less favourable than it has been and if the US leadership continues its current course, we may well see over $2 USD per GBP in time like we saw in the noughties. This isn’t good for investors investing in US companies from outside of the US in my opinion, and if I was based in the US I would view international diversification as a way to hopefully preserve and grow my savings, since investing outside of the US may reap better returns when eventually converting back to what could be a significantly devalued USD in time.
Anyway without further ado, I am pleased to announce that I have just made an initial investment in promising British company Invinity Energy Systems (London: IES). As usual I do not recommend anyone copies what I do however I intend to write an article in the near future with my opinion on this promising company which is backed by Britain’s National Wealth Fund.
May fortune favour the brave!
Mark aka Double Bubbler
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