Where to put 340K?
Discussion
right - I'm putting my house on the market in France and want to move the capital into GBP before the euro falls off the cliff ( I might have missed this boat already). I'm currently living in Oz at the moment though so makes buying another house in the UK veery difficult (visits etc). So will need to put the cash somewhere that's low risk but not get eaten away from inflation. It could take me up to a year or more to find a house and buy considering the time needed to fly back to Uk etc for viewings.
Any idea folks other than a bank account?
Any idea folks other than a bank account?
bosshog said:
right - I'm putting my house on the market in France and want to move the capital into GBP before the euro falls off the cliff ( I might have missed this boat already). I'm currently living in Oz at the moment though so makes buying another house in the UK veery difficult (visits etc). So will need to put the cash somewhere that's low risk but not get eaten away from inflation. It could take me up to a year or more to find a house and buy considering the time needed to fly back to Uk etc for viewings.
Any idea folks other than a bank account?
My very good (one armed, disabled) friend Snelling can help you (with GF's permission).Any idea folks other than a bank account?
His bedroom is very private he says, kids must knock to come in. They would never look in his Divan bed which is the bestest place to hide your money, cause its low risk. His favourite animal is the Kangaroo because of its powerful kick which compensates for its feeble arms, so with you being in OZ, he'd have that special bond with you that only a disabled man can have for an able bodied investor. You wont have to wait a year for a new investment property as he busses into town every week and can find you a new gaff in under a month. Ive always had a soft spot for Kangaroos so can vouch for him if you want his bank account details?
Mobsta said:
My very good (one armed, disabled) friend Snelling can help you (with GF's permission).
His bedroom is very private he says, kids must knock to come in. They would never look in his Divan bed which is the bestest place to hide your money, cause its low risk. His favourite animal is the Kangaroo because of its powerful kick which compensates for its feeble arms, so with you being in OZ, he'd have that special bond with you that only a disabled man can have for an able bodied investor. You wont have to wait a year for a new investment property as he busses into town every week and can find you a new gaff in under a month. Ive always had a soft spot for Kangaroos so can vouch for him if you want his bank account details?
10 secs of my life wasted. Thanks for that.His bedroom is very private he says, kids must knock to come in. They would never look in his Divan bed which is the bestest place to hide your money, cause its low risk. His favourite animal is the Kangaroo because of its powerful kick which compensates for its feeble arms, so with you being in OZ, he'd have that special bond with you that only a disabled man can have for an able bodied investor. You wont have to wait a year for a new investment property as he busses into town every week and can find you a new gaff in under a month. Ive always had a soft spot for Kangaroos so can vouch for him if you want his bank account details?
bosshog said:
10 secs of my life wasted. Thanks for that.
I had it with my post as well, I think some people get a bit carried away and forget they're not in the lounge.I know very little on the subject however am in a similar boat however with 'only' £105,000. Have a look at my post, it's had plenty of helpful answers.
Original Poster said:
I had it with my post as well, I think some people get a bit carried away and forget they're not in the lounge.
I know very little on the subject however am in a similar boat however with 'only' £105,000. Have a look at my post, it's had plenty of helpful answers.
Except that if the Euro falls off a cliff the main suggestion - which I'd endorse for a proportion of the amount (a spread of blue chip equities, preferably in ISAs) will also plummet without recovery for more than most people's liquid investment horizon. Another problem for both of you is that the rock-solid tax-free options are limited to relatively small amounts - cash ISAs just over £5k p.a., and when they are available (not at present) a favourite of mine, National savings index-linked tax-free certificates, are limited to £15k per issue - if they release, as they usually do, a 3 & 5yr tranche then that's £30k, or £30k x 2 for a couple. These have been very popular recently; no surprise - the last ones were only 0.5% over RPI, but that's tax-free which is, at current RPI about 9% gross for a higher rate taxpayer - RPI forecast to drop (they've been very wrong about inflation forecasts recently) to 2% but even 2.5% tax-free still beats most currently available taxpaying accounts.I know very little on the subject however am in a similar boat however with 'only' £105,000. Have a look at my post, it's had plenty of helpful answers.
ETA - the other side to the economy falling off a cliff - keep in cash until it does, then buy companies which still have good assets but are out of favour - standard contrarian investing. Worked nicely for me with RIO.L and XTA.L in 2008. Of course equities are not the place if you want security, and if you're prepared to take the tax hit, gilts will give you that, though yields are low at present.
ETA again - none of the above (except for a risky punt on the market) is suitable for the OP of this thread - he's looking at a year or two timeframe - assuming the house sells quickly - will it? Is the market buoyant in France??
Edited by nomisesor on Friday 9th December 08:49
Edited by nomisesor on Friday 9th December 08:52
To be honest, I would worry about how you will actually extract your funds from the Euro zone first.
Banks are doing everything that they can to prevent client funds from being withdrawn.
Certainly do not let on to anyone in the process your real intention of ditching the Euro exposure.
Banks are doing everything that they can to prevent client funds from being withdrawn.
Certainly do not let on to anyone in the process your real intention of ditching the Euro exposure.
All very much IMHO
Sell euro buy gbp a good move if you can do it soon
Investing depends on your risk return profile, any bank account net of tax will struggle to exceed inflation, my current tip would be a basket of high dividend yield euro stocks.
Caveat emptor, stuff goes down as well as up, s
t happens etc
Sell euro buy gbp a good move if you can do it soon
Investing depends on your risk return profile, any bank account net of tax will struggle to exceed inflation, my current tip would be a basket of high dividend yield euro stocks.
Caveat emptor, stuff goes down as well as up, s
t happens etcGassing Station | Finance | Top of Page | What's New | My Stuff