[otoburb]

>>That's why I don't invest in bonds or any investment that is denoted in dollars.

Most investments seem to eventually (?) denominate into USD equivalents, especially if you live in the US. Do you mean hard(er) assets like real estate or commodities (which also leaves me puzzled because they’re still typically denoted in an underlying fiat currency and especially USD if they’re domestic assets).

[WalterBright]

Being "denoted in dollars" means the returns are a specified number of dollars. Stocks, on the other hand, are "denoted in shares of the company" and the returns are the change in value of the company.

[hhmc]

The share value is price x shares, so there’s an effective dollar numeraire.

It’s easy to imagine a well performing stock that neverless loses due to a currency shock. Indeed this is why one would typically hedge currency risk if trading a name outside of accounting currency