|
|
|
|
How can I follow your advice in Australia? |
|
September 14, 2009 |
|
Question:
I live in Australia and have listened to your weekly podcast for several years. Your recommendations seem to be limited to funds that U.S. investors can buy, but I have a different problem. Australia has compulsory retirement savings. There’s a strong trend toward do-it-yourself investment management through Australian mutual funds. Do you have any advice for Australian investors? If not, do you know of a service like yours that serves the Australian market?
Click here to read Merriman's answer!
LARRY KATZ, CFA:
We believe our expertise is best applied to the needs of investors in the United States, and we don’t have direct advice for citizens of other countries.
Any U.S. citizen living abroad can invest in the funds we recommend or can become a Merriman client as long as he or she has a Social Security number and a physical U.S. address (not a post office box).
Even though there could be a business opportunity for us to help investors in Australia, we don’t have the resources to pursue that opportunity or to determine the appropriate Australian alternatives to our suggested portfolios.
Your best bet may be to talk to investment experts in your area and seek their advice about how best to follow the general outlines of what we recommend.
Dimensional Fund Advisors has specific websites for investors in Australia, Canada and the United Kingdom, as listed below.
Australia
http://www.dfaau.com/
Canada
http://www.dfaca.com/
United Kingdom
http://www.dfauk.com/
Each of these sites gives the individual investor a way to find a local financial advisor who uses DFA funds. Good luck with your search.
Larry Katz is research director at Merriman.
|
|
|
|
|
