Invest *This*
Bryan Parker
travel around the world for a year or two and
she's thinking about leaving her 2,000,000 yen
savings account just sitting here in her Japanese
bank account because the yen->kangarubles exchange
rate is so bad right now.
What should she invest her money in here?
or
What's the best way to get that large sum of money
converted to kangarubles?
--
Bryan
-------Please no e-mail with big words--------
----http://www.trainerbryan.com/FJLIJ.html----
Ken Yasumoto-Nicolson
<puntspe...@yahoo.com> wrote:
>An Austrian friend of mine is leaving Japan to
>travel around the world for a year or two and
>she's thinking about leaving her 2,000,000 yen
>savings account just sitting here in her Japanese
>bank account because the yen->kangarubles exchange
>rate is so bad right now.
>
>What should she invest her money in here?
If she wants something relatively stable, I think one of these dollar
or Euro accounts would be nice.
>What's the best way to get that large sum of money
>converted to kangarubles?
Just go to the bank and ask for it to be transferred to your Austrian
bank - should cost about 4,400 yen or so.
Ken
Ken
> An Austrian friend of mine is leaving Japan to
> travel around the world for a year or two and
> she's thinking about leaving her 2,000,000 yen
> savings account just sitting here in her Japanese
> bank account because the yen->kangarubles exchange
> rate is so bad right now.
>
> What should she invest her money in here?
I wouldn't leave it in yen.
I presume your friend is looking for a "fire and forget" type of
investment which won't require her to be always on the line with
her Inmarsat or Iridium phone with a fund manager, adjusting her
portfolio as global market conditions warrant.
Buying into into an mutual fund of defensive EUR-denominated bonds,
issued e.g. by beverage/tobacco/pharma/household products companies
would be a pretty reasonable choice in that case.
The European economy isn't getting much traction right now, and if
anything there might even be deflationary risks on the horizon,
resulting in downwards pressure on Eurozone interest rates and
corresponding inventory appreciation for bond funds.
The Chancellor of the Exchequer will announce on June 9 HM Treasury's
assessment of the economic tests regarding potential UK entry into
the EMU. I expect the announcement to have a negative effect on the
EUR in the forex markets. It thus makes sense buying the EUR dip
*after* June 9. I also expect the EUR to recover a bit after the
Swedish referendum on the EMU in September.
IMHO there's too much downside risk left on the USD, despite Japan's
flagging economy and the BoJ's intervention efforts. If your friend
intends to come back to Japan and her reference currency is the JPY,
I don't think the overperformance expected of US equity markets
relative e.g. to the European or Japanese ones sufficiently compensates
for the currency risk.
Of course, people who ascribe any value at all to investment ideas
collected from random Internet forums, proffered by irresponsible
nobodies, deserve to be hung by their balls to a yacht's mast and
have their eyes picked by seagulls.
John W.
> An Austrian friend of mine is leaving Japan to
> travel around the world for a year or two and
> she's thinking about leaving her 2,000,000 yen
> savings account just sitting here in her Japanese
> bank account because the yen->kangarubles exchange
> rate is so bad right now.
>
> What should she invest her money in here?
>
> or
>
> What's the best way to get that large sum of money
> converted to kangarubles?
She might consider putting it in a Citibank account so that she can
access it from just about anyplace, thus making it easier to convert
it into kangarubles if the rate gets better. But IIRC Citibank was
thinking of closing some offices in Japan (all?), so that's something
to consider.
She could be better off exchanging and then investing back home rather
than invest in Japan, unless, of course, she's planning on returning
to Japan. Otherwise she should just speak with an investment pro.
John W.
Declan Murphy
> An Austrian friend of mine is leaving Japan to
> travel around the world for a year or two and
> she's thinking about leaving her 2,000,000 yen
> savings account just sitting here in her Japanese
> bank account because the yen->kangarubles exchange
> rate is so bad right now.
The exchange rate for purchasing kangarubles from yen and sepponian
pesos is pretty bad due to gradual appreciation of the kangaruble
against the currencies of most of Austria's major trading partners -
eurozone excepted. Is she coming back to Japan after her world jaunt? If
so leave perhaps leave it here. Is she going to be spending most of her
time in the eurozone? Perhaps buy euro.
> What should she invest her money in here?
I know a small business in Okazaki that is looking for a cash injection...
> What's the best way to get that large sum of money
> converted to kangarubles?
Bank transfer.
--
"All FDR undid was the value of the dollar"
Kevin Gowen (really)
Louise Bremner
> She might consider putting it in a Citibank account so that she can
> access it from just about anyplace...
Or not, since it's not accessible in many places, or else it's only
accessible in yen or US dollars....
________________________________________________________________________
Louise Bremner (log at gol dot com)
If you want a reply by e-mail, don't write to my Yahoo address!
John W.
> John W. <worth...@yahoo.com> wrote:
>
> > She might consider putting it in a Citibank account so that she can
> > access it from just about anyplace...
>
> Or not, since it's not accessible in many places, or else it's only
> accessible in yen or US dollars....
>
into Austrarubles when the rate got better, not using it for taking
money out along the way (though this isn't impossible).
John W.
Louise Bremner
> > > She might consider putting it in a Citibank account so that she can
> > > access it from just about anyplace...
> >
> > Or not, since it's not accessible in many places, or else it's only
> > accessible in yen or US dollars....
> >
> I was actually thinking on the broader scale of being able to transfer
> into Austrarubles when the rate got better, not using it for taking
> money out along the way (though this isn't impossible).
It is impossible, at least, it is for Kiwiollars so I assume it's
similar for Austrarubles. I had to change them into yen before I could
take them out (or rather, when I closed my account, since one of the
reasons why I opened it in the first place was the assurance that I
could put any currency into it and extract the money later _in_ _that_
_currency_, without conversion charges).