Alright, at the moment the Ozzie share market is going very well, but what do you trade when there`s not much going left???????? Just waiting a few years weathering the storm?
Wouldn`t we better off to consider opening an US broking account and the world will be your oyster?
With an US account like Interactive Brokers you can:
trade more than ten thousand US companies
trade markets in Europe, Japan, Britain etc
trade 100s of different futures contracts
trade 100s of exchange traded funds
lots of free info and market screeners
low brokerage (Ozzie is a joke; at IB I can buy $ 100,000
worth of shares for $ 1; Choicetrade $ 5 per unlimited trade)
platforms in Oz are a joke too: with IB I can place more than 30 different order types and you dont pay any extra like Comsec/Westpac....set and go fishing
deposits in broking accounts are insured in case your broker goes belly up; not in Oz
the only thing I dont like is that the leverage on shares in the US is not great, while here in Oz you can use CFD`s.
Traded there myself for years, came back here last year, but might go back again.