Money Market Help
21 February 2004, 10:05 PM
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Money Market Help
If you had £10,000 to invest. Would you Exchange it for the US Dollar ?
A freind of mine says I should look in to it as the pound is currently so strong ?
What do you think ?
A freind of mine says I should look in to it as the pound is currently so strong ?
What do you think ?
21 February 2004, 10:19 PM
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http://bbs.scoobynet.co.uk/showthread.php?t=304264
I wouln't invest in cash meself.
or
What about £7000 in Premium Bonds & £3000 in mini cash ISA.
I wouln't invest in cash meself.
or
What about £7000 in Premium Bonds & £3000 in mini cash ISA.
21 February 2004, 10:37 PM
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You mean as a punt for future depreciation?
Risky, but certainly it's got to be worth thinking about. But do factor in what you'll do with the $ once you've got them, since returns in the States right now make ours look stellar, so bear in mind what you'll forefit there.
Do be aware though, some people still think 2$ to the £ is a possibility, so your stop-loss limits might need to be wider than you'd like.
Risky, but certainly it's got to be worth thinking about. But do factor in what you'll do with the $ once you've got them, since returns in the States right now make ours look stellar, so bear in mind what you'll forefit there.
Do be aware though, some people still think 2$ to the £ is a possibility, so your stop-loss limits might need to be wider than you'd like.
Last edited by TelBoy; 21 February 2004 at 10:39 PM.
23 February 2004, 08:52 AM
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Cheers Workshy and Telboy.
I already have the Premuim Bonds and Cash Isa,
Ive never really thought about it before, but would seem quite a good idea (to me a novice), I hear what you say about the 2$ to the £
Any other ideas ?
I already have the Premuim Bonds and Cash Isa,
Ive never really thought about it before, but would seem quite a good idea (to me a novice), I hear what you say about the 2$ to the £
Any other ideas ?
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