"Hi Giovanni33, If you move your money to the US you could lose 25% of it when the AUD goes back up. IMO, there is no safer place and safer banks than in Australia.You had better be careful seeking advice on moving your money to another country. There are lots of scammers around giving false advice. It is unclear what you are so worried about. Overseas guarantees may not apply to foreigners."
My understanding of @Giovanni33 intentions is to begin acquiring US assets, not to abandon his Australian assets.
This is 100% the right thing to do. Particularly if these holdings are unhedged. (to be clear, USD denominated unhedged assets).
This provides geographic and currency diversification, a very important consideration.
Had Giovanni33 started 10 years ago, he would be laughing now, as not only the US Market trounced the ASX, but the USD is much firmer, further boosting returns.
As Australians investors, we didn't need to worry about these things in the early to mid 2000's because we were riding high due to the mining boom. But things changed. A lot of the exciting innovations in tech and green energy is happening in other countries.
Is it possible that short-term the USD loses value and US assets underperform for Australian investors? Of course it is. But when is this likely to happen? The AUD and the Australian economy are tethered to commodity prices. When was the AUD consistently firm against the USD? During the mining boom. Was this a problem for Aussie investors? No. We made a killing from our mining and banking stocks.
Long story short. Good assets are good assets. Depending on many macro factors, the performance of different asset classes will vary (including times where all assets perform really well or really bad). But the benefits of diversifying into the wider world are undeniable.
PS. I believe that during the mining boom, Australian Investors became complacent. Why invest outside of AUS when we can simply dig sh.t out of the ground and ship it to China? This proved to be wrong thinking. The same complacency seems to be happening currently in the US. The yanks say, why bother investing OS, we got it all here and we are smashing it (conveniently forgetting the 30% of s&p 500 revenues are generated outside of the US). In time, these US investors will also be proven wrong. Other markets (developed or emerging) will outperform. It could be BRICs, other emerging economies or even the re-emergence of Japan
(20min delay)