Not knowing in which country I’ll end up living, I have invested my equities in different currencies. But does having stocks in USD, a house in the eurozone, long term treasury bonds in SEK and cash in GBP make sense? Given how central banks work, shouldn’t I rather create multiple permanent portfolios, that is, one for each currency?
I’ve been wondering about this for a while, which makes me think that I don’t truly grasp the concept of the permanent portfolio.
Bonus question: can one ever replace treasury bonds with corporate bonds?