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View Poll Results: You are to be paid USD5000/month for 6 months, but can choose between 2 options:
SAFE OPTION (CHF) Today's rate (~4636CHF) would be applied to all 6 months and never fluctuate 30 93.75%
GAMBLE (USD) Each month, the exchange rate would be applied which could result in more or less pay 2 6.25%
Voters: 32. You may not vote on this poll

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  #1  
Old 15.01.2013, 12:18
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How would you choose to be paid?

This is more or less the situation I currently face - pay is hypothetical. I wanted to create a poll to decide - kinda like the 'ask the audience' lifeline in who wants to be a millionaire.

My future is in your hands, good people. Please describe why you voted the way you did!
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  #2  
Old 15.01.2013, 12:36
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Re: How would you choose to be paid?

I seriously doubt that any currency-effecting catastrophe will befall switzerland in the next 6 months. If the stars align, the dollar could go up a little, but given the state of the US, I can't imagine what could happen that would cause it to rise dramatically in the next 6 months. I think that it's more likely to remain stagnant or go down.

Just a guess on my part
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Old 15.01.2013, 13:32
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Re: How would you choose to be paid?

until the US stop talking about making a 1 trillion dollar coin that could obliterate their economy initially, I would stick to CHF!
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Old 15.01.2013, 13:43
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Re: How would you choose to be paid?

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I seriously doubt that any currency-effecting catastrophe will befall switzerland in the next 6 months. If the stars align, the dollar could go up a little, but given the state of the US, I can't imagine what could happen that would cause it to rise dramatically in the next 6 months. I think that it's more likely to remain stagnant or go down.

Just a guess on my part
+1.

(Filler text here to reach 10-character requirement)
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  #5  
Old 15.01.2013, 13:47
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Re: How would you choose to be paid?

Why would you even consider being paid in American pesos
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Old 15.01.2013, 13:48
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Re: How would you choose to be paid?

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I seriously doubt that any currency-effecting catastrophe will befall switzerland in the next 6 months. If the stars align, the dollar could go up a little, but given the state of the US, I can't imagine what could happen that would cause it to rise dramatically in the next 6 months. I think that it's more likely to remain stagnant or go down.

Just a guess on my part
But the Swiss are holding on to the peg so it`s really eur vs dollar. Anyway i am assuming you need most of your pay to live and that you live in francs. Why gamble on something you know not enough about to have a confident opinion.
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Old 15.01.2013, 13:58
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Re: How would you choose to be paid?

Where will you be living, US or here?

Tom
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  #8  
Old 15.01.2013, 13:59
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Re: How would you choose to be paid?

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Why would you even consider being paid in American pesos

if someone was willing to pay me, I would take any currency they chose...

In summer 2011 we were moving to CH needed to bring our $ over to CHF - when that last round of debt ceiling talks went on (or whatever it was about!). The $ tanked and I nearly had a coronary. Luckily, we were able to wait for the $ to recover a little bit before exchanging, but it was nearly a disaster! I would probably take the safe route as I know 0.00001% about what makes the currency fluctuate. Except for the normal rule that the currency in whatever country we move to suffers post-move
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Old 15.01.2013, 14:00
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Re: How would you choose to be paid?

Ridiculous question. For a start, why would anyone living here want to be paid in foreign money, especially if it's not even the currency of any country you're associated with.

Secondly, if I were interested in earning on the money markets I'd go into currency trading proper, not just muck around with such paltry amounts. There is money to be made in the forex markets, but not generally on such fixed-length investments as you're talking about here.

Thirdly, and this is just me, I don't _do_ gambling. Never have, never will.
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Old 15.01.2013, 14:17
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Re: How would you choose to be paid?

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But the Swiss are holding on to the peg ]
Hmm... they were until the last few days. Some analysts are saying 1.30 pretty shortly.
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Old 15.01.2013, 14:20
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Re: How would you choose to be paid?

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Ridiculous question. For a start, why would anyone living here want to be paid in foreign money, especially if it's not even the currency of any country you're associated with.

Secondly, if I were interested in earning on the money markets I'd go into currency trading proper, not just muck around with such paltry amounts. There is money to be made in the forex markets, but not generally on such fixed-length investments as you're talking about here.

Thirdly, and this is just me, I don't _do_ gambling. Never have, never will.

I assume that perhaps the person got a job for 6 months that involves getting paid in $$. I do think this does happens, especially if you have clients in the US?
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Old 15.01.2013, 14:26
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Re: How would you choose to be paid?

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I assume that perhaps the person got a job for 6 months that involves getting paid in $$. I do think this does happens, especially if you have clients in the US?
Yes. For example, some UN contracts are paid in US$.
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Old 15.01.2013, 14:32
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Re: How would you choose to be paid?

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Where will you be living, US or here?
Here. I should have been clearer that I'm being paid in CHF regardless, but the decision to be made is with respect to a one-off conversion or a monthly conversion.

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Ridiculous question.
Why thank you!

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For a start, why would anyone living here want to be paid in foreign money, especially if it's not even the currency of any country you're associated with.
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Why would you even consider being paid in American pesos
Because I'm still receiving the bottom dollar (er, franc) converted into CHF - it's simply a question of whether there are any predictions on a potentially stronger dollar or weaker franc/euro. As pointed out, I'm not informed enough myself but perhaps someone here would be, hence the question.

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Secondly, if I were interested in earning on the money markets I'd go into currency trading proper, not just muck around with such paltry amounts. There is money to be made in the forex markets, but not generally on such fixed-length investments as you're talking about here.
That's OT frankly, I'm not asking where to gamble my money. I have a choice to make and I want to better assess potential P&L.

Anyways, it sounds like a resounding 'be safe not sorry' response, so thanks everyone for your input. I know who to add to my hit list if the value of the USD booms...
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Old 15.01.2013, 14:33
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Re: How would you choose to be paid?

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Yes. For example, some UN contracts are paid in US$.
Ding ding ding.
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Old 15.01.2013, 14:44
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Re: How would you choose to be paid?

i would be paid in chf because it has been more or less stable for some time now
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Old 15.01.2013, 15:02
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Re: How would you choose to be paid?

don't think it would make a huge difference, but would go with USD because at least you get some excitement each month - almost like your own private lottery! :P
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Old 15.01.2013, 15:20
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Re: How would you choose to be paid?

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don't think it would make a huge difference, but would go with USD because at least you get some excitement each month - almost like your own private lottery! :P
Haha I like it - this is also how the gambler in me feels.

If I profit, then I justify a couple beers.
If I lose out, well, then I justify a couple beers.
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Old 15.01.2013, 17:09
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Re: How would you choose to be paid?

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Haha I like it - this is also how the gambler in me feels.

If I profit, then I justify a couple beers.
If I lose out, well, I blame all you idiots
FTFY.

If the Swiss move the peg to 1.30 exchanging monthly might be a good option. Considering you are getting in before they weaken the currency further.
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Old 15.01.2013, 17:13
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Re: How would you choose to be paid?

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Haha I like it - this is also how the gambler in me feels.

If I profit, then I justify a couple beers.
If I lose out, well, then I justify a couple beers.
Sounds like a glass is half full/half empty approach - either way, it is still half a beer...

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Old 15.01.2013, 17:24
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Re: How would you choose to be paid?

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Sounds like a glass is half full/half empty approach - either way, it is still half a beer...


He missed : Hey, that's not my glass. My glass was definitely full. Who's been stealing my beer?
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