Therefore, he’s made money on a strong company in a stronger overall economy. Plus, he’s made extra cash on the currency conversion even OVER AND ABOVE the stock gains in the Aussie stock market.
That’s a win-win situation any way that you look at it.
My buddy has fallen in love with the idea. So he’s planning to call me next time he goes “fishing” for another stock…so he can use his next stock as a currency play too.
By the way, this works the other way too. You want to avoid buying stocks from countries that has a sinking currency. I’ll be back tomorrow with more on which markets to avoid right now.
Till then…
Happy Trading,
Sean Hyman, aka Professor FX
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