Hi,
I have a whole lot of US$ and really wish I could go back in time to convert them into AUD or NZ dollars.
So, I was wondering what I should now do to minimise risk at this point in time.
Should I convert half of the US$ into a US index fund (tracking the S&P 500)?
What would happen to the US sharemarket if there was a further, major, collapse in the US$?
I don't want to be left with a bunch of worthless paper (worst case scenario), that's all...
Cheers
I have a whole lot of US$ and really wish I could go back in time to convert them into AUD or NZ dollars.
So, I was wondering what I should now do to minimise risk at this point in time.
Should I convert half of the US$ into a US index fund (tracking the S&P 500)?
What would happen to the US sharemarket if there was a further, major, collapse in the US$?
I don't want to be left with a bunch of worthless paper (worst case scenario), that's all...
Cheers
