Q: Hello 5i,
I am considering buying my foreign holdings (outside North America) in the currencies of their respective countries, currently they are held in US dollars. When a sector is bought into, I generally will purchase approximately 10 different securities to remove the idiosyncratic risk, so I have a lot of companies. Currencies considered other than Canadian and US are British Pound, Euro, and Australian Dollar.
What do you think of this?
Thanks,
I am considering buying my foreign holdings (outside North America) in the currencies of their respective countries, currently they are held in US dollars. When a sector is bought into, I generally will purchase approximately 10 different securities to remove the idiosyncratic risk, so I have a lot of companies. Currencies considered other than Canadian and US are British Pound, Euro, and Australian Dollar.
What do you think of this?
Thanks,