Forum Archive Index - November 2003

["terry weston" <tweston@sympatico.ca>]

<<<<<<<<<While I am not sure of the tax implications of doing it, operating an Australian bank account for ASX trades seems a logical idea.  To my way of thinking our currency is overvalued at present, so converting some to Aus$'s and putting it in a bank there provides opportunities of FX gains if our currency drops relative to Aus.  You also avoid the problem of having to convert each time you make a trade on ASX - effectively providing two portfolios, one in Australia and one in New Zealand.  This would also enable you to time currency repatriation to take best advantage of prevailing exchange rates.>>>>>>>>

Hi MIxtrader   I like your  idea of  2 portfolios as you suggest, certainly simplifies / solves a lot of problems . my question's are, In  what would you invest and whom do you use to do trades.  TIA    Terry