TheMotorcycleBoy wrote:Sure. My issue with the US at present is the current poor £ to $ exchange rates. I'm not ruling out ever making state-side investments, but I just don't think now is the best time for me to do so. Any opinions?
I have a "rule" that my £ liabilities are matched by my £ assets. After that, I don't worry about the currency denomination as my short-term currency crystal ball hasn't worked for ages.
Long term, the £:$ ratio has been sliding in favour of the dollar, with short-term noise cluttering the graph, but overall I have a gut feel the US economy will at least equal that of the UK, if not thrash it soundly, but whether either will outperform other currencies I have no idea, but also no real worry, as most of my so-called £ assets have a fair chunk of non £ earnings anyway!
I think the real question is whether you believe a USD denominated company is a sound investment. Remember that Apple, MSFT etc have non USD earnings as well, so you will get some protection in that a weak dollar in any reporting period will have inflated foreign earnings and vice versa.
As Buffet didn't say, worry about a great international company* and the currency will take care of itself.
*International as trades internationally, not within a single country.