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Was Andrew wrong? Is Smartpay (ASX: SMP) a buy, opening an SMSF, China v America

Australian Investors Podcast

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The Importance of Currency in Asset Allocation

Drew, easy one. We got this question on stage two. The hedging question, remember that? Yeah. Always the best one to answer. I think it was in the 1990s where you could look at the returns from the MSCI global index hedged and unhedged. You got no returns for a period of 10 years. So massive impact, particularly as an Australian investor because we're such a small part of the world and our currency can be so volatile. And what you want to do is try to remove or mitigate one additional risk from your portfolio rather than adding another risk to your portfolio.

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