PomsInOz Forum - View Single Post - Poor Old Aussie Dollar

Liam · 30-07-2007, 12:43 AM

Hi

I always recommend to my clients to consider drip feeding their money from one country over a 12 monthperiod to the next as then they get an average of the currency movements over a period. Sure you don't get the best rate but it means you can sleep at night! even the professionals cannot predict currency exchange rates medium to long term. Last week they were saying the Aussie Dollar was heading higher and this week it has lost 4 cents against the US$! Better to drip feed or to be more technical "Dollar Cost Average"!

This is meant as general advice only and you should seek advice specific to your particular circumstances.

30-07-2007, 12:43 AM	#2 (permalink)
Liam Senior Member Join Date: Jul 2007 Location: Sydney - Australia Posts: 144 Thanks: 0 Thanked 3 Times in 3 Posts	Hi I always recommend to my clients to consider drip feeding their money from one country over a 12 monthperiod to the next as then they get an average of the currency movements over a period. Sure you don't get the best rate but it means you can sleep at night! even the professionals cannot predict currency exchange rates medium to long term. Last week they were saying the Aussie Dollar was heading higher and this week it has lost 4 cents against the US$! Better to drip feed or to be more technical "Dollar Cost Average"! This is meant as general advice only and you should seek advice specific to your particular circumstances. __________________ Wealth Adviser & Finance Specialist for PRO-ACTIVE ADVICE PTY LTD Genesys Wealth Advisers Sydney Tel: +61 2 9634 1755 liam.shorte@genesyswealth.com.au Last edited by Liam; 30-07-2007 at 12:44 AM. Reason: add extra and disclaimer