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I shall preface this post by saying that with so many other things in my life to worry about (family, exams etc) I don't normally worry about the market too much. I fully subscribe to the theory that if you lie awake and worry about the shares you own - then you invested in the wrong companies.

BUT....

lately I have started getting concerned about the $US/$Aus currency and its potential impact on our market.

I have about 15% of my portfolio invested directly in the US (Berkshire, Fannie Mae and Mellon Bank) but I am concerned if I continue to buy shares in the US and the dollar goes up (or more specifically the US declines) then I am going to be on the losing side of the fence.

The other problem I think is that the Aussie market has been protected from the falls in the US market through the devaluing of our dollar. If you think you're still as wealthy as you were a year ago try buying something in US dollars - ouch!

I know in 10 years this will be just another pimple on the economic landscape but right now I feel like Woody Allen when he said "one path leads to destruction and total annihalation and the other to death - I hope I choose wisely"

Comments (strategies?) accepted gladly.


Anyway, off to Byron Bay for the weekend - maybe I will worry about it some more on Monday.

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