I (41M) live in the US and am thinking about retiring part of the year in Mexico. This probably won't be for another 20 years. Would it make sense to have some investments in Mexican stocks/bonds that are denominated in Mexican pesos? My thinking is it is sort of a hedge against the Mexican peso gaining in value versus the US dollar. I realize that it is probably unlikely, but I don't see the downsides to doing this. I plan on investing in larger Mexican companies, bonds, and ETFs. I have a brokerage account with IBKR that lets me invest in all sorts of foreign markets and to the best of my knowledge the trading expenses are minimal. What am I missing?
