20k euros - what to do?
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thesaver79
Posts: 189 Forumite
Hi,
I've currently got 20k euros, 17k of which are in a savings account that gives me an interest of 1.75%.
I was planning to wait until the euro would gain against the pound a bit more, and then convert them into pounds.
Now that the euros has fallen, I'm not sure what to do anymore.
Any suggestions?
I've currently got 20k euros, 17k of which are in a savings account that gives me an interest of 1.75%.
I was planning to wait until the euro would gain against the pound a bit more, and then convert them into pounds.
Now that the euros has fallen, I'm not sure what to do anymore.
Any suggestions?
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Comments
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buy hospitality tickets for the Champions League Cup Final 25th May at Wembley online, invite a bunch of your mates and have ball! :TIf it takes a man a week to walk to walk a fortnight how long does it take a fly with tackity boots on to walk through a barrel of treacle?0
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Donate it to Cyprus.0
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Any more advice? Maybe a bit more insightful?0
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If you don't want stupid answers don't post a stupid question.
The only sensible question appears to be regarding the outlook of the euro sterling exchange rate.
Thats purely opinion but you could check forex markets for projections and make a decision based on that. To me the euro still looks massively over valued, though the British and us economies have their problems, if it were me and I was looking at it from he uk I would exchange into sterling as soon as I could.0 -
I'm a bigger fan of gold than is common hereabouts.
All fiat currencies end at zero.Free the dunston one next time too.0 -
What about investing in a EUR fund?0
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how long before you'll want to spend/use the money? (i.e. is it long enough for investing to be a sensible option?)
and do you expect to spend it in pounds?0 -
grey_gym_sock wrote: »how long before you'll want to spend/use the money? (i.e. is it long enough for investing to be a sensible option?)
and do you expect to spend it in pounds?
I'd be happy to commit to a 5-10 years investment at least.0 -
Buy shares in German companies. My investment there (via a Mutual Fund) has just paid a dividend for the first time in three years. German business is still very strong and exporting around the world. The low Euro helps their exports, and if the Euro were to break up for some reason then the new German currency would shoot up so that the value of assets in Germany (in pounds or dollars) would also increase dramatically.
If you can afford the chance of losing the money, perhaps now is the time to buy Greek or Italian debt paper (bonds). Those bonds are clearly not first-rate investments, but they are probably worth more than the present market price.0 -
Voyager2002 wrote: »If you can afford the chance of losing the money, perhaps now is the time to buy Greek or Italian debt paper (bonds). Those bonds are clearly not first-rate investments, but they are probably worth more than the present market price.
And being Italian I hope we won't default0
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