----- Original Message -----
Sent: Saturday, November 08, 2003 10:49
AM
Subject: Re: Re: [sharechat] A$ to NZ$
exchange rates
<<<<<<<<<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
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