US ($) Currency Thread 2

Kenny_Powers_3

sabretoothtigger wrote: »

Do a normal uk isa which needs you to be a british taxpayer and invest in an american etf with symbol UUP. Thats a dollar fund and you retain value so long as the dollar stays stronger then the pound.

What are the maximum amounts per year? And are there any risks involved? Or is it simply an American equivalant?

During 2009 i have probably changed about $10,000. My job takes me frequently to the US and i usually make it so i have time either before or after to make some sort of a holiday out of it.
I expect things to be the same for at least the foreseeable future so am naturally keen to find some way to get the most out of my money - Particularly if the rate drops again.

I have the Fair FX which is superb, but this goes with the rate. I know 1.64 is not great, and it is quiet some way from the hay days of the 2.0+ but its easy to forget the $$ fell from 2.10 to 1.34 in a matter of months. If i could protect myself against that by finding a fund which kept itself buoyant or grew with minimal or no risk that would be fantastic.

inspector_monkfish

Kenny_Powers wrote: »

What are the maximum amounts per year? And are there any risks involved? Or is it simply an American equivalant?

During 2009 i have probably changed about $10,000. My job takes me frequently to the US and i usually make it so i have time either before or after to make some sort of a holiday out of it.
I expect things to be the same for at least the foreseeable future so am naturally keen to find some way to get the most out of my money - Particularly if the rate drops again.

I have the Fair FX which is superb, but this goes with the rate. I know 1.64 is not great, and it is quiet some way from the hay days of the 2.0+ but its easy to forget the $$ fell from 2.10 to 1.34 in a matter of months. If i could protect myself against that by finding a fund which kept itself buoyant or grew with minimal or no risk that would be fantastic.

[STRIKE]sturl[/STRIKE] sorry, kenny....this is all far too sensible for you.
you've changed man!

sabretoothtigger

I dont use an isa much myself so I cant say the exact details just that would be a rough plan to check on. I think the allowance will be 10k soon or 16k dollars per year

uup is the index fund which means not just related to pounds. I guess the index could be strong and sterling even stronger but generally they are inverse

inspector_monkfish

1.6555 to start this lovely fresh friday morning

neilbond007

inspector_monkfish wrote: »

1.6555 to start this lovely fresh friday morning

Humid morning I think you'll find. Rain is not too far away but may just miss us....
Fingers crossed as I'm off to Kings Island after work for the Halloween Haunt!
http://haunt.visitkingsisland.com/

inspector_monkfish

neilbond007 wrote: »

Humid morning I think you'll find. Rain is not too far away but may just miss us....
Fingers crossed as I'm off to Kings Island after work for the Halloween Haunt!
http://haunt.visitkingsisland.com/

cool.
say hi to scooby and shaggy

neilbond007

inspector_monkfish wrote: »

cool.
say hi to scooby and shaggy

Have already met scooby a couple of years back. Hopefully this works...
http://i751.photobucket.com/albums/xx154/neilbond007/IMG_4085.jpg

inspector_monkfish

come on - time for transfers
catch me if you can.....

http://fantasyfootball.skysports.com/

inspector_monkfish

neilbond007 wrote: »

Have already met scooby a couple of years back. Hopefully this works...
http://i751.photobucket.com/albums/xx154/neilbond007/IMG_4085.jpg

haha, scooby doo - what a legend...

nice stoke shirt !!

neilbond007

sinking back to the low 1.64s