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Weak Euro!

135

Comments

  • dqnet
    dqnet Posts: 308 Forumite
    Tenth Anniversary 100 Posts Combo Breaker Name Dropper
    Exactly, if anything the USD is pretty strong at the moment... thats why I was thinking of also drip feeding
  • dqnet
    dqnet Posts: 308 Forumite
    Tenth Anniversary 100 Posts Combo Breaker Name Dropper
    p.s. this is that investment fund i was talking about... looks a little rubbish
    1k is minimum investment for the 'ok' one which is much less but i can always throw 10k... what you guys think..?
    http://www.worldselection.hsbc.co.uk/hsbc_world_selection/what_is_world_selection.html?WT.mc_id=HBEU_WorldSelection_Coverflow_InteractiveMap
  • dqnet
    dqnet Posts: 308 Forumite
    Tenth Anniversary 100 Posts Combo Breaker Name Dropper
    bump! Anyone..?
  • Reaper
    Reaper Posts: 7,356 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    dqnet wrote: »
    p.s. this is that investment fund i was talking about... looks a little rubbish
    1k is minimum investment for the 'ok' one which is much less but i can always throw 10k... what you guys think..?
    http://www.worldselection.hsbc.co.uk/hsbc_world_selection/what_is_world_selection.html?WT.mc_id=HBEU_WorldSelection_Coverflow_InteractiveMap
    It looks like a Multi Manager fund to me. That means you leave it to them to pick which funds to invest in for you.
    Good news: It saves you making a decision other than to choose a broad category such as Cautious, Adventurous or whatever.
    Bad news: Two layers of charges. For example the TER on the Balanced Portfolio is currently 2.05% pa.
  • dqnet
    dqnet Posts: 308 Forumite
    Tenth Anniversary 100 Posts Combo Breaker Name Dropper
    Reaper wrote: »
    It looks like a Multi Manager fund to me. That means you leave it to them to pick which funds to invest in for you.
    Good news: It saves you making a decision other than to choose a broad category such as Cautious, Adventurous or whatever.
    Bad news: Two layers of charges. For example the TER on the Balanced Portfolio is currently 2.05% pa.

    Yea, I'm not too sure if its really worth it with them..
    I think the only other thing is gold... i really dont know...???
  • mr_fishbulb
    mr_fishbulb Posts: 5,224 Forumite
    Part of the Furniture Combo Breaker
    Was talk on Bloomberg this morning about Germany pulling out of the Euro and the currency dropping as a result. I don't know the full details as I was waking up and concentrating on not spilling my crunchy nut cornflakes down my shirt.
  • dqnet
    dqnet Posts: 308 Forumite
    Tenth Anniversary 100 Posts Combo Breaker Name Dropper
    mr_fishbulb wrote: »
    Was talk on Bloomberg this morning about Germany pulling out of the Euro and the currency dropping as a result. I don't know the full details as I was waking up and concentrating on not spilling my crunchy nut cornflakes down my shirt.

    hahahah - is that even possible though.. i mean can the country pull out of a currency...??? if it did, the euro would be worth the old italian lira... basically peanuts.. right..?
  • pqrdef
    pqrdef Posts: 4,552 Forumite
    Competitive devaluation. The US has the Fed's printing presses. The Eurozone can only talk the currency down. Make such heavy weather of every bailout as to inspire no confidence in the markets whatsoever. And in between times, get Merkel to go on about how we can't keep explaining this to the voters etc.

    German manufacturing isn't immune to the BRIC onslaught and Germany needs a weak currency. But it also needs scapegoats.
    "It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis
  • sabretoothtigger
    sabretoothtigger Posts: 10,036 Forumite
    Part of the Furniture 10,000 Posts Photogenic Combo Breaker
    The ECB could print euros but they refuse to do so. Its just a different policy and probably to their benefit longer term. The danger to the euro is that it splits up and that could be a positive - it was for us.
    Germany isnt going to become worthless so long as they avoid the stupidity of federal reserve type decisions
  • dqnet
    dqnet Posts: 308 Forumite
    Tenth Anniversary 100 Posts Combo Breaker Name Dropper
    Probably not a good time anyway.. The pound is getting weaker and weaker to the euro... disaster.
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