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Rakno

This Is What I Am Going To Do With My Str Fund

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I have split my STR fund between an amount that I could buy a comfortable house (for cash) at current market rate, and an amount that I need in a few years time.

The spare amount is going to be converted to a mix of EUR, CAD, CHF and INR, on a equal basis.

I think the GBP is going to tank and want to safe guard these funds for later.

Anybody got any better ideas

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I have split my STR fund between an amount that I could buy a comfortable house (for cash) at current market rate, and an amount that I need in a few years time.

The spare amount is going to be converted to a mix of EUR, CAD, CHF and INR, on a equal basis.

I think the GBP is going to tank and want to safe guard these funds for later.

Anybody got any better ideas

NOK in currency the safest game in town

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Guest absolutezero
I have split my STR fund between an amount that I could buy a comfortable house (for cash) at current market rate, and an amount that I need in a few years time.

The spare amount is going to be converted to a mix of EUR, CAD, CHF and INR, on a equal basis.

I think the GBP is going to tank and want to safe guard these funds for later.

Anybody got any better ideas

Yeah. Give it to me.

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Pick a sector that's going to do well and buy shares in that sector in a country whose currency is going to do well against the pound.

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Pick a sector that's going to do well and buy shares in that sector in a country whose currency is going to do well against the pound.

Is this such a brilliantly found opportunity that no-one else had already thought of it?

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I have split my STR fund between an amount that I could buy a comfortable house (for cash) at current market rate, and an amount that I need in a few years time.

The spare amount is going to be converted to a mix of EUR, CAD, CHF and INR, on a equal basis.

I think the GBP is going to tank and want to safe guard these funds for later.

Anybody got any better ideas

Buy gold? :rolleyes:

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Anybody got any better ideas

If you're simply after preserving your wealth, that's as good a way as any. However, since you're already going to the trouble of setting up bank accounts in several currencies, I'd suggest adding a few more to the mix and putting 10% or so of the total into precious metals as well.

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If you're simply after preserving your wealth, that's as good a way as any. However, since you're already going to the trouble of setting up bank accounts in several currencies, I'd suggest adding a few more to the mix and putting 10% or so of the total into precious metals as well.

Agree totally on the currencies - a few high dividend stocks and your metal of choice makes as good a mix as one could easily achieve.

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Guest absolutezero
he already is, given that you work in the state sector.

Incorrect.

I provide labour for the state's money (not his, yours or anyone else's).

I meant he could give it to me as a gift, from him.

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If you're simply after preserving your wealth, that's as good a way as any. However, since you're already going to the trouble of setting up bank accounts in several currencies, I'd suggest adding a few more to the mix and putting 10% or so of the total into precious metals as well.

Even better if its for the long term, put it in companies that have good oil reserves. Oil behaves more as a currency than gold does, or at least that's what the markets show.

Edited by williamdb

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Buy gold? :rolleyes:

yes its cheap at 991....was 1006 day before yesterday....easy pickings

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Even better if its for the long term, put it in companies that have good oil reserves. Oil behaves more as a currency than gold does, or at least that's what the markets show.

The miners. ;)

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To be fair, it wasn't just new labour that screwed things up, they did a bit help from the people who made speculative gains in real estate.

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To be fair, it wasn't just new labour that screwed things up, they did a bit help from the people who made speculative gains in real estate.

:blink: ...Okay...got it...we are missing an 'it'

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Even better if its for the long term, put it in companies that have good oil reserves. Oil behaves more as a currency than gold does, or at least that's what the markets show.

I agree about oil, although investing in it as a private individual is tricky (ETFs are not great since they're based on derivatives rather than physical oil, unlike precious metal ETFs of course). I'd need to see some research showing a very strong long term correlation between the relevant oil company sector index and spot crude prices before thinking that buying the stock as a proxy was a good idea. Sounds pluasible though.

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