A Surefire Investment the Canadian Dollar
Discussion
I have tended to contribute thoughts that might be regarded as somewhat negative on Pistonheads...... And the responses `suggest this has not gone unnoticed.
Probably the result if being an Accountant for 40 years and trying to sort out the problems created when people come up with new business ideas.
My first suggestion to any new business proposalpu to me by clients is always, 'Dont Do It'.
The businessmen/women who continue have at least demonstrated some ability to overcome obstacles.
PLEASE remember that any investment can rise and fall. NB FALL!!
But for those who are looking for a real opportunity that is a single buy and sell workload I would look at the Canadian Dollar..
Canada is exceptionally fortunate.
She has all the advantages of speaking English (well American).
(I recognise that the Quebec area also speaks indeed prefers French)
She has the advantage of being in the Commonwealth and a democracy since founded.
She has huge Oil reserves and Gas reserves many untapped. HUGE.
She has natural access to huge Seaboards on BOTH the Pacific and the Atlantic coasts. MASSIVE BENEFIT.
She has the protection of America for free next to her. FREE.
She has huge untapped Bauxite, Copper, Steel, Lead, Alum, and virtually every other mineral there is en masse. Quite remakably LARGE.
She is very moderately populated and has huge agricultural capacity much of which is currently untapped. They could be self sufficient. Who else can?
Unlike Australia and New Zealand she also has a very stable geomporhic structure and is not liable to flooding to any extent from sea or rivers or seismodic events.
I cannot see hoe this currency cannot rise in value. Tell me of another Stable English speaking country with these resources. THERE IS NOT ONE.
You will see from my other posts about the UK economy and the PIGS (Portugal Ireland Greece Spain} that I think major currency collapse in Europe is inevitable. I also think the Euro will suffer and Sterling will fall.
I think this is a certainty.
The American dollar for different reasons is already falling.
Which means that by buying Canadian Dollars you could make money.
A lot of money.
BUT PLEASE BE AWARE THIS AN OPINION. I COULD BE WRONG.
Its better than the 3.30 at Kempton though!!
Probably the result if being an Accountant for 40 years and trying to sort out the problems created when people come up with new business ideas.
My first suggestion to any new business proposalpu to me by clients is always, 'Dont Do It'.
The businessmen/women who continue have at least demonstrated some ability to overcome obstacles.
PLEASE remember that any investment can rise and fall. NB FALL!!
But for those who are looking for a real opportunity that is a single buy and sell workload I would look at the Canadian Dollar..
Canada is exceptionally fortunate.
She has all the advantages of speaking English (well American).
(I recognise that the Quebec area also speaks indeed prefers French)
She has the advantage of being in the Commonwealth and a democracy since founded.
She has huge Oil reserves and Gas reserves many untapped. HUGE.
She has natural access to huge Seaboards on BOTH the Pacific and the Atlantic coasts. MASSIVE BENEFIT.
She has the protection of America for free next to her. FREE.
She has huge untapped Bauxite, Copper, Steel, Lead, Alum, and virtually every other mineral there is en masse. Quite remakably LARGE.
She is very moderately populated and has huge agricultural capacity much of which is currently untapped. They could be self sufficient. Who else can?
Unlike Australia and New Zealand she also has a very stable geomporhic structure and is not liable to flooding to any extent from sea or rivers or seismodic events.
I cannot see hoe this currency cannot rise in value. Tell me of another Stable English speaking country with these resources. THERE IS NOT ONE.
You will see from my other posts about the UK economy and the PIGS (Portugal Ireland Greece Spain} that I think major currency collapse in Europe is inevitable. I also think the Euro will suffer and Sterling will fall.
I think this is a certainty.
The American dollar for different reasons is already falling.
Which means that by buying Canadian Dollars you could make money.
A lot of money.
BUT PLEASE BE AWARE THIS AN OPINION. I COULD BE WRONG.
Its better than the 3.30 at Kempton though!!
EarlOfHazard said:
are you talking about fx trading? apologies if this is a dumb question
In a way. Its certainly not a dumb question.
I am looking for a safe investment but you could regard this as Currency trading. I am just investing not buying and selling.
I am advocating protecting your money if its currently invested in the UK and therefore in Sterling.
I have been saddened to see contributors suggesting investing their funds (and increasing leverage with borrowing) in the UK housing market. WHAT!!
I think this will end in tears and is madness for whole variety of reasons.
I think there will be a double dip recession.
A horrendous drawn out continuous slide into a real economic mess in the UK.
Clearly interest rates are artificially low. And they will rise and rise and rise. Bear in mind a base rate of 4% STILL a low rate historically would mean the base rate will be EIGHT TIMES THE CURRENT LEVEL.
CAN YOU IMAGINE THE EFFECT ON THE UK HOUSING MARKET. with soaring unemployment, massive job cuts in the public sector and a manufacturing output dropping like stone.
Exactly. A recipe for disaster
I am simply advocating investment in a currency which in my view will rise and rise.
STERLING AND THE Euro will fall and fall.
DO NOT WORRY ABOUT THE RETURN YOU WILL GET IN INTEREST TERMS.
Consider the DROP IN VALUE that holding Sterling will bring.
Invest in Canadian Dollars or any other currency you think will hold its value.
I think the Canadian economy is better placed than most.
It is a stable English speaking democracy. No riots over there.
Safe for my money.
Interesting, I was a seed Investor in a Canadian high speed ferry business. When I invested it was 2.05CAD to a £. About 1.60 now. I feel your sentiments towards Canada, huge potential. First ferry about to be delivered, will be interesting to see how it goes.
Not sure I agree the euro will fall and fall though, it's been through some tough times the past 12 months and still held up pretty well vis a vis other currencies. I can imagine some have taken big hits being short of it....
Not sure I agree the euro will fall and fall though, it's been through some tough times the past 12 months and still held up pretty well vis a vis other currencies. I can imagine some have taken big hits being short of it....
Edited by marky1 on Saturday 12th March 20:00
Remember the Pigs, Portugal Ireland Greece Spain all going bust over the next two years.
They cannot survive. Germany and France will not subsidise all this.
Therefore the PIGS will be forced out of the Euro.
I think this will drop the Euro in confidence. Dramatically.
I may be wrong but that is my thinking.
They cannot survive. Germany and France will not subsidise all this.
Therefore the PIGS will be forced out of the Euro.
I think this will drop the Euro in confidence. Dramatically.
I may be wrong but that is my thinking.
Steffan said:
Remember the Pigs, Portugal Ireland Greece Spain all going bust over the next two years.
They cannot survive. Germany and France will not subsidise all this.
Therefore the PIGS will be forced out of the Euro.
I think this will drop the Euro in confidence. Dramatically.
I may be wrong but that is my thinking.
But some of them already have gone bust (Did you not know this?) The IMF and EU are in Ireland and Greece (and will likely be in Portugal soon). The tax payer is left with the bill in each country, not so much Germany. The euro fell when all this was going on but has recovered nicely.They cannot survive. Germany and France will not subsidise all this.
Therefore the PIGS will be forced out of the Euro.
I think this will drop the Euro in confidence. Dramatically.
I may be wrong but that is my thinking.
Spain will not be allowed to go under, it will be propped up at by Germany.
T84 said:
I'm moving to Canada next month, does this mean that bringing my savings with me could yield an advantage?
Not so sure, Sterling has weakened so much over the past three years that I do feel those calling it to weaken further have massively missed the boat. If Steffan was making his prediction three years ago then you could maybe do so. But of course much of what he talks about has already happened. Don't have my charts here but I think CAD has moved from about 2.50 to 1.60 v GBP.Edited by marky1 on Sunday 13th March 12:11
Point of information.
I DID make this prediction three years go.
Wrote to all my clients(then). Those who followed my advice prospered.
Those that remained in Sterling did not at least on this particular investment.
Yes I bought dollars and still hold them.
I cannot see anything but falling Sterling for the next five years.
I DID make this prediction three years go.
Wrote to all my clients(then). Those who followed my advice prospered.
Those that remained in Sterling did not at least on this particular investment.
Yes I bought dollars and still hold them.
I cannot see anything but falling Sterling for the next five years.
The reply to people who ask 'I want to invest £1,000 in stocks' is always 'don't bother, the fee's will eat up any profit you make'.
Out of interest OP, how much do you think you would need to invest as a minimum in the CAD to make it worthwhile, or are the fee's less in just buying it once and selling it once?
Out of interest OP, how much do you think you would need to invest as a minimum in the CAD to make it worthwhile, or are the fee's less in just buying it once and selling it once?
Steffan said:
Point of information.
I DID make this prediction three years go.
Wrote to all my clients(then). Those who followed my advice prospered.
Those that remained in Sterling did not at least on this particular investment.
Yes I bought dollars and still hold them.
I cannot see anything but falling Sterling for the next five years.
Doubt you will see the same returns over the next 3 years that you have seen past three years in GBPCAD. If any at all.... I DID make this prediction three years go.
Wrote to all my clients(then). Those who followed my advice prospered.
Those that remained in Sterling did not at least on this particular investment.
Yes I bought dollars and still hold them.
I cannot see anything but falling Sterling for the next five years.
Don't think you should be giving the same advice now that you gave three years ago given the rate has moved 30%, it won't move another 30% that's for sure.
pokethepope said:
The reply to people who ask 'I want to invest £1,000 in stocks' is always 'don't bother, the fee's will eat up any profit you make'.
Out of interest OP, how much do you think you would need to invest as a minimum in the CAD to make it worthwhile, or are the fee's less in just buying it once and selling it once?
I disagreeOut of interest OP, how much do you think you would need to invest as a minimum in the CAD to make it worthwhile, or are the fee's less in just buying it once and selling it once?
1000 investment in a low cost index fund will be fine, no initial fee, no buy/sell spread and historically yielding 7% growth with dividend reinvested, is still better then the pittance received in saving (2.5% is currently a competitive rate), most economist are on average predicting ftse100 to end on 6400 by the end of the year, at 5800 that's a 10% gain in 9-10 months, fees are typically 0.5% so negligible.
If invested in stocks typically 10 on dealing fee at decent online broker, 5 on stampduty, total of 15 which 1.5% 0f 1000, if you receive an average of 7% per annum gain the cost very quickly are recovered and are not reoccurring (unlike funds) and we've still made 5.5% gain in the first year alone, far better again the typical competitive savings rate.
Over the long-term the compounding effect of the dividend will also have a surprising positive effect on your capital, when again compared to a saving account.
To add, if one invested in the right fund/stock the gains are potentially far better then the typical blue chip/ growth fund, you could look at emerging markets, or rapidly expanding companies. Remember this is the rewards of RISK, you could be sitting on a substantial loss soon enough, like many before you and many to come, in that case you would have been far better with your local building society saving account.
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