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International Investing / Australia (All-Ordinaries)


Subject:  Hello All Date:  3/16/2008  9:39 PM
Author:  whatismyoption Number:  6150 of 6186

I just found this board the other day and thought posters here may be interested in this post of mine on the Falling Knives board It is on Australian Banks.

Quick answers to some questions above.

There is no escaping Uncle Sam for US citizens. The US is is one the few countries in the world to tax you where ever you live. Discuss this with an international tax adviser. There is also a lot of useful free info on the web. In the short term now may be an OK time to buy Australian dollars, but in the long term the fx rate is sure to revert. I am waiting for parity before moving funds to the US and if I lived in the US I would wait for .7 again. JMO.

From memory Iceland is the European country with high rates. I'd start looking there.

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