Skip to main content
No. of Recommendations: 1
One thing you haven't taken into consideration is exchange rate fluctuation. If the majority of your assets are in US dollars, and you move to France, and the US dollar tanks against the Euro (like it's been doing over the past few years) all of the sudden you have a lot less money.

I moved to Australia from the Chicago area in February, and in the first two month I was here the US dollar dropped 6% against the Australian dollar. Ouch. The cost of living might be substantially different in France too- in Australia goods are much more expensive than in the states- most likely because their minimum wage is so high (I haven't heard of anyone earning less than $15 AUD, which is about $13 and some change USD).

It may be wise to move some of your assets into Euros, as it is the second largest reserve currency behind the US dollar (a reserve currency is a currency that banks like to hold their reserves in- the US dollar is about 2/3rds of the world's reserve currency, while the Euro is around 1/4). And I the Euro zone is a net creditor, not the worlds largest net debtor like the US.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.