The exchange is the best part. I purchased US property when AUD was 90 cents to $1.08 against the USD. When the clowns at SGH finally let us know how bad it was I sold the properties. It turned out I didn't need to convert most the money so I've invested in NYSE stocks and mostly Australian and international USD denominated senior bonds like Newcastle Coal Infrastructure Group. I can sell the bonds and make a profit on both the face value and the exchange anytime I wish but I'm waiting for USD to strengthen against AUD and exchange the 0.60's. In the meantime I get paid around 8% average holding them.
I also own a chunk of AUD first mortgages (industrial, commercial, and residential) paying around 7.75% average and some ASX listed shares. I won't recoup SGH losses for a long time.
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