23rdian Posted February 23, 2016 Share Posted February 23, 2016 (edited) Really would advise against bullionvault. I lost a chunk of cash on this POS investment. The trouble is fees just keep coming and if the value is static or declining you have to buy more to just stand still. Luckily I bought more physical than anything else. Conversely my last FTSE 250 tracker was excellent. Wish I had put more into it. Edited February 23, 2016 by 23rdian Quote Link to comment Share on other sites More sharing options...
Inoperational Bumblebee Posted February 23, 2016 Share Posted February 23, 2016 If you want to diversify in currency terms and are willing to look at the stock market, why not use use a tracker denominated in USD? Any difference in exchange rates will be reflected in that i.e. use currency risk to your advantage. No need for a foreign bank account though you are dependant on stock market valuations. Or use a physical gold ETF. Or bitcoin. Or a selection of all these things? Depends on how much you're trying to preserve the value of. Buying VUSA or SGLN through a S&S ISA would probably be the easiest way for those suggestions, unless you've got big lump sums. Bitcoin probably cheapest from coinfloor in the UK, though if you want to keep it completely off the radar use a bitcoin ATM. This is not advice, DYOR, etc... Quote Link to comment Share on other sites More sharing options...
sPinwheel Posted February 23, 2016 Share Posted February 23, 2016 Buy a house. Quote Link to comment Share on other sites More sharing options...
Automotive Engineer Posted February 23, 2016 Author Share Posted February 23, 2016 UK taxation is self assessment, it's the individuals responsibility. A better explanation than I could give: https://en.wikipedia.org/wiki/Gilt-edged_securities They can be bought individually or more usually through investment funds. You can buy them through an ISA tax free. hmmmmm what are gilts going for nowadays? 4% Quote Link to comment Share on other sites More sharing options...
stormymonday_2011 Posted February 23, 2016 Share Posted February 23, 2016 For now. BTW, has anyone seen the story about Osborne changing the rules so you won't be able to take 25% of your pension fund tax free? This from the Grauniad http://www.theguardian.com/politics/2016/feb/21/4bn-raid-pension-savings-tax-free-lump-sum-osborne the Wail also has the same story. Are not more than few mortgages due to be paid off with the these lump sums ? That could cause a few problems While I accept that getting tax relief of both ends of the pensions process is a anomalous it should be noted that while most people only get Basic Rate Tax Relief when paying money into the system they could easily end up paying 40% plus on a lump sum on the way out if it is over a certain amount. I now Osborne is desperate for cash but he is basically committing political suicide if he wants to lead the Tory party if these proposals are true. Quote Link to comment Share on other sites More sharing options...
shindigger Posted February 23, 2016 Share Posted February 23, 2016 For now. BTW, has anyone seen the story about Osborne changing the rules so you won't be able to take 25% of your pension fund tax free? This from the Grauniad http://www.theguardian.com/politics/2016/feb/21/4bn-raid-pension-savings-tax-free-lump-sum-osborne the Wail also has the same story. They cannot leave anything alone for 5 ******ing minutes can they? And people are supposed to plan around this shyte. It's almost as if they're doing it on purpose..... They will also throw the pound to the wolves now and blame Boris. Pathetic. Criminal. Bastards. Quote Link to comment Share on other sites More sharing options...
shindigger Posted February 23, 2016 Share Posted February 23, 2016 Buy a house. Controversial but at least its "something" for your cash. Quote Link to comment Share on other sites More sharing options...
VeryMeanReversion Posted February 23, 2016 Share Posted February 23, 2016 You can buy them through an ISA tax free. hmmmmm what are gilts going for nowadays? 4% More like 1.4% FTSE100 divis are around 4% but obviously a lot more risky. I went for FTSE100. If the divi is maintained and the index can maintain its real value, then that's a 5-6% real return, tax-free in a SIPP, subject of course to a whole dollop of risk (both upside and downside). Quote Link to comment Share on other sites More sharing options...
GinAndPlatonic Posted February 23, 2016 Share Posted February 23, 2016 Silver, is much cheaper than gold, and by some accounts is way under valued. Unfortunately silver is taxed with VAT. I've seen some websites, and just looking at the tax puts me off buying. However, after a bit of digging, I found that Estonia does not place VAT on silver, which allows one to buy silver at just slightly over spot. PROBLEM is, you have to get the silver from Estonia, meaning you loose out on shipping. So maybe metals are not the way to go. For what it`s worth, you can buy silver here, VAT free: https://www.silver-to-go.com/en/silver-coins/maple-leaf/maple-leaf-silver-1oz-2016/ I have, with no problems. Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted February 23, 2016 Share Posted February 23, 2016 Buying FTSE dividends isn't that bad, they seem to move with the general market as long as you avoid the obviously terrible shares (corrupt banks for example) Quote Link to comment Share on other sites More sharing options...
Automotive Engineer Posted February 24, 2016 Author Share Posted February 24, 2016 http://www.ft.com/cms/s/0/2429af50-daaf-11e5-a72f-1e7744c66818.html#axzz415jM8L6D Concern over Britain’s place in the EU has pushed the pound below $1.39 for the first time since 2009, a level associated with previous crises for the currency. Sterling dropped as much as 1 per cent against the US dollar to an intraday low of $1.3879 on Wednesday — the lowest in seven years. The $1.40 level has long been seen as a de facto floor for the pound, and one it has rarely traded under for an extended period since the mid-1980s. Dun Dun Duuuuuuun I was right Quote Link to comment Share on other sites More sharing options...
Automotive Engineer Posted February 24, 2016 Author Share Posted February 24, 2016 At the best, Cameron's decision will subject the country to four months of acute political and economic uncertainty in the run-up to the referendum. At the worst, in the event of a vote for "Brexit," as Cameron himself acknowledges, it could lead to "seven years of uncertainty" that would damage jobs, investment and the financial services sector. From an economic point of view, the timing of the Brexit referendum could hardly be worse. The United Kingdom is presently running close to its largest external current account deficit in the post-war period. As Bank of England Governor Mark Carney recently reminded us, this makes the United Kingdom uncomfortably dependent on the "kindness of strangers" to finance that deficit. A further factor putting sterling at risk is the fact that the U.K. economic recovery now appears to be running out of steam while the British government is still intent on a budget-tightening path to improve the country's public finances. This will makes it very difficult for the Bank of England to raise interest rates to defend the currency. http://thehill.com/blogs/pundits-blog/international/270542-are-we-heading-for-a-british-sterling-crisis Dun Dun Duuuuuuun I was right Quote Link to comment Share on other sites More sharing options...
Automotive Engineer Posted February 24, 2016 Author Share Posted February 24, 2016 I need usds quick Quote Link to comment Share on other sites More sharing options...
The12YearWait Posted February 24, 2016 Share Posted February 24, 2016 I sold my foreign currency last year knowing the pound was ripe for a crash, another fantastic decision. Was worth 34K but within months the pound gained heavily and i sold for 30K, now back up to around 33K if i had it today. Live and learn! Quote Link to comment Share on other sites More sharing options...
Funn3r Posted February 24, 2016 Share Posted February 24, 2016 Ridiculous that ordinary people are forced into all this stuff. I just wanted somewhere to live but now I have to learn about foreign currencies, world politics, lunatic central bank shenanigins, investment strategies, just to stand still until house prices are back in reach. Before this I never thought beyond how much were my euros for Benidorm Quote Link to comment Share on other sites More sharing options...
GloomMonger Posted February 24, 2016 Share Posted February 24, 2016 Out of interest how do we know when a walk becomes a run? Quote Link to comment Share on other sites More sharing options...
shindigger Posted February 24, 2016 Share Posted February 24, 2016 Out of interest how do we know when a walk becomes a run? PROTECT THE POUND GEORGE. PUT THEM RATES UP GEORGE. Quote Link to comment Share on other sites More sharing options...
Fully Detached Posted February 24, 2016 Share Posted February 24, 2016 Ridiculous that ordinary people are forced into all this stuff. I just wanted somewhere to live but now I have to learn about foreign currencies, world politics, lunatic central bank shenanigins, investment strategies, just to stand still until house prices are back in reach. Before this I never thought beyond how much were my euros for Benidorm Look on the bright side. You're all the better for having learned about them Quote Link to comment Share on other sites More sharing options...
The12YearWait Posted February 24, 2016 Share Posted February 24, 2016 I do hope these useless cnts are about to hit a brickwall, in that even if they raise rates sterling just keeps on falling. They need showing up for what they are, and all the fukwits who have claimed we are living under austerity need educating. Quote Link to comment Share on other sites More sharing options...
campervanman Posted February 24, 2016 Share Posted February 24, 2016 Pound now below $1.40. Brexit fears. Quote Link to comment Share on other sites More sharing options...
Agentimmo Posted February 24, 2016 Share Posted February 24, 2016 I'm transferring most of my sterling to Euro tomorrow. 1.26 seems about as good as it will get for a while. I've bills to pay in euro's..... Transferred the bulk when it was at 1.41 so I've had a good run. ? Expect it to drop to around 1.05 or less, as happened the last time the UK went into recession. Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted February 24, 2016 Share Posted February 24, 2016 not the best timing to change into euros when the pound is soo weak, talk about selling low and buying high. the £ will bounce back up when the IN voters win anyway. recession and HPC is the biggest risk for the £ as we certainly are not the cleanest dirty shirt anymore. Quote Link to comment Share on other sites More sharing options...
campervanman Posted February 24, 2016 Share Posted February 24, 2016 Boat missed. The time to buy Euros has now gone until June 24th. Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted February 24, 2016 Share Posted February 24, 2016 Ridiculous that ordinary people are forced into all this stuff. I just wanted somewhere to live but now I have to learn about foreign currencies, world politics, lunatic central bank shenanigins, investment strategies, just to stand still until house prices are back in reach. Before this I never thought beyond how much were my euros for Benidorm yep, part of being a fully functioning adult really. If you don't learn about it your just going to be people farmed your whole life. moooo Quote Link to comment Share on other sites More sharing options...
The12YearWait Posted February 24, 2016 Share Posted February 24, 2016 I'm transferring most of my sterling to Euro tomorrow. 1.26 seems about as good as it will get for a while. I've bills to pay in euro's..... Transferred the bulk when it was at 1.41 so I've had a good run. Expect it to drop to around 1.05 or less, as happened the last time the UK went into recession. Are they the latest print edition Euros, or the new batch coming in March. Britain maybe screwed but the US and EU are equally as bad. Quote Link to comment Share on other sites More sharing options...
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