The Aussie dollar

Anyone here financially savvy?

Is the Aussie dollar likely to stay so strong for a while longer yet? Or is there a high probability it will get weaker over the next six months? I'm looking at a few investment options, and weighing up the pros of the comparatively high interest of Aussie savings accounts compared to UK accounts (around 5% in Aus compared to around 2.5% in the UK), with the cons of the pound to Aus dollar exchange rate at the moment (68 pence to the dollar FFS!)

Or should I keep my options open and invest 50-50 in both Countries? Although this would obviously mean less annual interest in both accounts because of the lesser sum of money in each, as opposed to putting 'all my eggs into one basket.'

Hmm.

JGK, and the SGWB are allegedly the financially savvy dudes in here, at least from an Aus perspective. Got any Indian mates who can invest your cash at 8.3% tax free in Bannietown?

Which country are you going to spend the money in? Put your money there.

JGK wrote:Which country are you going to spend the money in? Put your money there.

What country is internet porn in?

Skully told me that that denominated in USD so you may as well prepay several years access while the Aussie is at 1.09.

embee wrote:

JGK wrote:Which country are you going to spend the money in? Put your money there.

What country is internet porn in?

Japan. At breakneck speed. Gigabytes of it. But their accounts give you literally no interest, and the Yen hovers between being strong and extremely strong.

Ruled out, although I think I still have an account there, with about 300 Yen ($4.00) in it.

JGK wrote:Skully told me that that denominated in USD so you may as well prepay several years access while the Aussie is at 1.09.

WTF? WTAAS. Since you started posting via your iTampon, I don't reckon you've had a single post without typos or fark ups in them. Zog has a similar problem.

Trev, don't invest in Apple.

Acutally that post was from my work computer. Blame the fat fingers and being distracted by the real world while not wanting to have the word "porn" on my screen for too long.

JGK wrote:Acutally that post was from my work computer. Blame the fat fingers and being distracted by the real world while not wanting to have the word "porn" on my screen for too long.

And this one?

I doubt if any analyst is game enough to predict what the A$ will be doing in six months.

skully wrote:

JGK wrote:Acutally that post was from my work computer. Blame the fat fingers and being distracted by the real world while not wanting to have the word "porn" on my screen for too long.

And this one?

That was meant to say: GFY.

JGK wrote:

skully wrote:

JGK wrote:Acutally that post was from my work computer. Blame the fat fingers and being distracted by the real world while not wanting to have the word "porn" on my screen for too long.

And this one?

That was meant to say: GFY.

Nice

Henry wrote:Anyone here financially savvy?

...............

Enough to question your seeking investing advice in a cricket forum.

Henry wrote:Anyone here financially savvy?

Is the Aussie dollar likely to stay so strong for a while longer yet? Or is there a high probability it will get weaker over the next six months? I'm looking at a few investment options, and weighing up the pros of the comparatively high interest of Aussie savings accounts compared to UK accounts (around 5% in Aus compared to around 2.5% in the UK), with the cons of the pound to Aus dollar exchange rate at the moment (68 pence to the dollar FFS!)

Or should I keep my options open and invest 50-50 in both Countries? Although this would obviously mean less annual interest in both accounts because of the lesser sum of money in each, as opposed to putting 'all my eggs into one basket.'

Hmm.

Chances are the AUD$ is going to remain high for a while yet, there was a report a few weeks back from the head of the US Federal reserve that interest rates would remain on the low side there till at least 2014, so while they are low there will more money invested elsewhere (ie AUD$)