Index Investors, Which Currency Should You Pick?

Imagine this for a moment. You’re a young, single person walking along a path and you stumble upon an ancient lamp with instructions on the side.

“Rub me,” it says, “and your dreams will come true.” Curious, you rub that lamp and a genie appears. She offers one thing.

She says, “Every young, attractive, eligible man or women [you get to choose the sex] will find you irresistible for life.” You rub the lamp excitedly. Unfortunately, this might spell plenty of trouble. With all the options to choose from, it might be almost impossible to choose a life partner.

Such is the case with investing. You might want a diversified portfolio of low-cost ETFs. But there are so many options. To compound the problem, they trade in different currencies.

So, which currency should you pick? 

Image by Pixabay

This column explains

Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (2nd Ed. Wiley 2017) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions. However, please read the Terms of Use, Privacy Policy and the Comments Policy.

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1 Response

  1. brad taipalus says:

    andrew, , i,m from canada as well ( vancouver) , and quite often find articles are geared towards american investors, as i,m fairly new to you,re site, is your information inclusive to the canadian , looking for alternatives, while living in this heavily taxed canadian environment,
    thanks, brad

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