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20k euros - what to do?
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# 1
thesaver79
Old 20-03-2013, 4:42 PM
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Default 20k euros - what to do?

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?
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# 2
Browntrout
Old 20-03-2013, 10:23 PM
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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!
If 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?
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# 3
innovate
Old 21-03-2013, 7:15 AM
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Donate it to Cyprus.
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# 4
thesaver79
Old 21-03-2013, 7:08 PM
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Any more advice? Maybe a bit more insightful?
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# 5
bigadaj
Old 21-03-2013, 8:34 PM
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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.
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# 6
kidmugsy
Old 21-03-2013, 10:45 PM
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I'm a bigger fan of gold than is common hereabouts.

All fiat currencies end at zero.
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# 7
thesaver79
Old 31-03-2013, 11:27 AM
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What about investing in a EUR fund?
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# 8
grey gym sock
Old 31-03-2013, 1:10 PM
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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?
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# 9
thesaver79
Old 31-03-2013, 1:16 PM
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Quote:
Originally Posted by grey gym sock View Post
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.
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# 10
Voyager2002
Old 31-03-2013, 1:26 PM
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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.
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# 11
thesaver79
Old 31-03-2013, 1:27 PM
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Quote:
Originally Posted by Voyager2002 View Post
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 default
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# 12
ohit
Old 31-03-2013, 9:15 PM
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Assuming you want to keep cash, keep some in EUR and GBP and then split the rest up into several different currencies. Some ideas:

AUD
CAD
SGD
HKD (same as USD really)
CHF
SEK
NOK
DKK
NZD
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# 13
rodman
Old 31-03-2013, 11:20 PM
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Quote:
Originally Posted by innovate View Post
Donate it to Cyprus.
That was funny one.
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