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Tuesday Tip 10/20/15

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Winter is approaching, which means the holidays are around the corner. What better way to spend the holidays but on a trip to Europe, especially if it is at a discounted rate.
Why is traveling to places in Europe so cheap right now?
The US dollar has been trading higher than most other foreign currencies including the Euro and the Yen. This has presented big savings for US travelers using American Dollars to book out of country trips. A trip to France is almost 25% cheaper than it was last year. Changes in the value of currencies can have a negative impact on the revenue of multi-national businesses that conduct their sales in foreign jurisdictions, but present great opportunities for US travelers who love to see the world and take advantage of great deals.
At the time of this commentary Michael Ojo, his family and/or clients of Golden Door Asset Management held no positions in the stocks mentioned above — although positions can change at any time.
Michael Ojo is the Account Manager of Golden Door Asset Management, LLC, a registered investment advisor specializing in individual and high net worth individual private wealth management. For more information on investing with Golden Door Asset Management, LLC please visit our website,www.goldendoorasset.com. Golden Door Asset Management, LLC is a New Jersey LLC, with its principal office located in Manalapan, NJ.
Michael Ojo is also the publisher of CareStocks, a newsletter focusing in on healthcare services, medical equipment, technology and real estate stocks. More information to the newsletter can be found at www.carestocks.com.
© 2015 Golden Door Asset Management, LLC. All rights reserved.
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