Impact of falls in $A

“[If the $A continues to fall back towards the pre-2002 level of 50cents against the $US] for retirees and asset-rich baby-boomers, the options include getting your assets out of the Australian dollar, investing them overseas, and hedging the Australian economic malaise before a weak Australian dollar paupers, isolates and confines you to a perpetual Australia-based existence.

Marcus Padley

Founder of the Marcus Today investment newsletter, and one of Australia’s leading stockbrokers and investment commentators, September 2015