Career Relocation

[Stunt]

I have lived in Canada my whole life and have accepted a position in the United States with my company. I invest most of my savings in PP however due to the poorly diversified Canadian economy (heavily weighted to oil, mining and financials) I do hold half S&P500 in my stock allocation. The rest is pretty plain jane - Canadian bonds, physical gold and 25% cash. I am a 31 year old with no kids and am in a heavy savings period and would like some thoughts and advice for my recent move.

Should I buy US equities, US bonds, and hold US cash when saving in the States or should I continue to buy Canadian assets while the US dollar is higher?  I know we aren't supposed to play the currency game but I'm not sure where I will ultimately end up for retirement and the Canadian dollar has dropped mostly due to oil price and has probably bottomed.

[Greg]

Welcome to the United State then. I'd say a lot would come down to how early you are in your career. If you've still got decades to go, you might end up just retiring to the US anyways and there would be no need to keep purely-Canadian investments. However if you think there is a chance you could be going back to Canada, it might make sense to keep a part US/part Canadian PP.

Regardless, it'd be good to come up with mechanical rules so that you don't have to be making decisions of when to put money into Canadian or US, just say half goes into each or something like that and leave it like that.