I've been burned by Telstra. Only a small holding bought for yield quite a while back, and so yeh I've lost capital on this. Hard to understand the original decision now but at this point I've decided to bottom drawer it and get the yield I was happy with back then. I have however held back from doubling down as realistically it is hard to see how this monster will re-invigorate itself.
Exchange rate risk exists irrespective of the exchange you trade through.
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If you buy the shares in AUD, you are exposed to further exchange rate risk as you own shares in AUD. This should not of required an explanation. It is different to own them on the ASX & NZX because of this.
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If you buy the shares in AUD, you are exposed to further exchange rate risk as you own shares in AUD. This should not of required an explanation. It is different to own them on the ASX & NZX because of this.
The value on the nzx will fluctuate with exchange rate though. You experience the same exchange rate risk in a slightly different way. I.e. if you buy on the nzx and the nzd strengthens, all things being equal your shares lose value as the company is valued in aud.
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