Buying USD?
- Thread starter sue78
- Start date
One alternative is to buy US share funds that are NOT hedged for FX. Alternatively use Comsec or whatever and buy some US shares directly.
It's starting to look VERY tempting.
Alex
Does the US have anything similar to LIC or ETF where you can just buy one stock with a large spread?
Cheers
Luke
If you think this is a blow-off top on the A$ (I don't, I'm on record for calling eventual parity, 4 yrs ago) and intend to travel to the US you hedge the A$, ie buy USD futures. This ties up far less money than storing traveller's cheques.
But for tourist dollars it hardly seems worth the effort. If you were buying a fleet of Caterpillar dump trucks for your new mine it may well be.
But for tourist dollars it hardly seems worth the effort. If you were buying a fleet of Caterpillar dump trucks for your new mine it may well be.
ive got 1000 x $1 USD notes tucked away.....its great stuff, the smell of democracy
at one time a few years ago, i had in my hands $100,000 USD cash (not $1 denoms in that instance). took over a week to arrange, via syd, to perth, pretty small briefcase to be honest. was a pretty good feeling, alas, wasnt mine so had to give it back!!
at one time a few years ago, i had in my hands $100,000 USD cash (not $1 denoms in that instance). took over a week to arrange, via syd, to perth, pretty small briefcase to be honest. was a pretty good feeling, alas, wasnt mine so had to give it back!!
There are definitely ETFs, and something called closed end funds (listed mutual funds). Similar sort of thing to LICs, I believe.
Personally, though, I am planning to buy stable blue chips. Consumer products, that sort of thing.
Alex
Set up an account with a full service broker. Pay the margin (like a deposit) for each contract, hold on, enjoy the ride. Sue if you thought shares were pretty scary i reckon you'll s**t your pants with the futures market.
Its not for the faint hearted. Maybe look at something with less leverage. Lets us know how you go.
