Somehow markets seem to be heading upwards just as the news seems to be getting worse and worse. Higher interest rates mean less money for people to spend, which will have a negative effect on company profits. There may even be a recession, but are there ways to benefit? Joining me today is a glass half full kind of guy, David Harvie from Saxo Markets. We wade into the shallow of Commodities and Foreign Exchange. David is the Country Head of Direct Sales at Saxo Markets. He is responsible for designing and executing strategies to grow sales as well as improve customer experience and retention for Saxo’s suite of investment offerings, while overseeing the team of local relationship managers.

“The other thing I would encourage listeners to think about is if Phil, you own Apple shares or Microsoft or Tesla, anything that's denominated in another currency, in this case US dollars, cuz you're buying it on the NASDAQ or you're buying it on the Dow, or you're buying a stock over in Germany or you know with the Euro, you are already a Forex trader, you are already exposed to currency.”

Blog post available at: https://www.sharesforbeginners.com/blog/harvie

Phil's Linktree: https://linktr.ee/phil_muscatello

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Shares for Beginners is a production of Finpods Pty Ltd. The advice shared on Shares for Beginners is general in nature and does not consider your individual circumstances. Shares for Beginners exists purely for educational and entertainment purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs. Philip Muscatello and Finpods Pty Ltd are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708, AFSL - 451289.

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