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workingpoor

Relocating With Deposit Fund To Europe, Which Country For Best Interest?

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Just thinking if i'd be better off relocating to a european country with my deposit fund and possibly getting a much better rate of savings interest to help live off or at least cover annual rent expenditure?

Preferably somewhere warmish or are savings rates on the floor across the eurozone too? Is it too risky with potential euro weakening against the pound? Around 75k?

Edited by workingpoor

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On ‎28‎/‎06‎/‎2014 at 2:14 AM, workingpoor said:

Just thinking if i'd be better off relocating to a european country with my deposit fund and possibly getting a much better rate of savings interest to help live off or at least cover annual rent expenditure?

Preferably somewhere warmish or are savings rates on the floor across the eurozone too? Is it too risky with potential euro weakening against the pound? Around 75k?

 

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Timing the exchange is much more important than interest rates. If I now converted the SEK I bought back in 2015 to GBP I be making around 10% a year. When thinking about this subject deciding what currency/commodity you are going to count gains/losses in is the hard part.

gbpsek1.png

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On 6/28/2014 at 2:14 AM, workingpoor said:

Just thinking if i'd be better off relocating to a european country with my deposit fund and possibly getting a much better rate of savings interest to help live off or at least cover annual rent expenditure?

Preferably somewhere warmish or are savings rates on the floor across the eurozone too? Is it too risky with potential euro weakening against the pound? Around 75k?

..usually higher the return (over the norm) ..higher the risk......:rolleyes:

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The currency would be the big factor.

I wouldn't want my money in Euros. I just cant' see it sticking around for long.

Plus most European currencies are tracking the Euro, so I'm not sure if I'd want to be in them either.

Gold and bitcoins it is!

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I wouldn't want Euros long term. I expect the rate to be back up at around 1.40 once the trade agreements start rolling on for the UK.

Worth noting that the European countries outside of the EU have strong currencies. If the UK get it's act together, then I see no reason why it won't be the same.

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On 3/24/2017 at 11:12 AM, ExiledMatty said:

I wouldn't want Euros long term. I expect the rate to be back up at around 1.40 once the trade agreements start rolling on for the UK.

Worth noting that the European countries outside of the EU have strong currencies. If the UK get it's act together, then I see no reason why it won't be the same.

.... 'European countries outside of the EU have strong currencies'...it's because they are outside....and Germany reaps the benefit for their exports from a relatively weak EU currency ...if they had the DM they would not be as well off, economically ...they need the current set up....:rolleyes:

Edited by South Lorne

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