Debate House Prices


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Interest Rates going back up to normal levels again?

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Comments

  • Filo25
    Filo25 Posts: 2,132 Forumite
    Name Dropper First Anniversary First Post
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    "Q: Are you comfortable with the market forecasts for two more rate hikes during the next three years?

    Carney says that on a ‘broad-brush’ basis, it gets the Bank roughly where it wants to be on inflation and growth. That’s a yes, then."

    Not exactly looking at aggressive rises then (1% by late 2020) if the economy behaves in the way the BoE expects
  • westernpromise
    westernpromise Posts: 4,833 Forumite
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    Meanwhile, over at my eTrade account:

    Day's Change

    £6,921.22 (+2.28%)

    I love love love rate rises. BTL mortgage goes up £722 a year, $-denominated stash goes up ~10x that in an hour....
  • economic
    economic Posts: 3,002 Forumite
    edited 2 November 2017 at 2:49PM
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    westernpromise wrote: »
    Meanwhile, over at my eTrade account:

    Day's Change

    £6,921.22 (+2.28%)

    I love love love rate rises. BTL mortgage goes up £722 a year, $-denominated stash goes up ~10x that in an hour....

    how are you making 2,28% on currency moves when gbp is down 1% vs usd? are you levered?
  • westernpromise
    westernpromise Posts: 4,833 Forumite
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    I'm long dollar-denominated stocks. Whenever the pound tanks I make money. Some of the gain today is US$ stock price movement but the day's gain has been doubled by the cable change.

    Brexit made me about £50k over about four months without my doing anything.
  • economic
    economic Posts: 3,002 Forumite
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    which stocks do you own that are up about 1% today?
  • westernpromise
    westernpromise Posts: 4,833 Forumite
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    that would be telling :-)

    McDonalds, Boeing, bit of Goldman...among others
  • economic
    economic Posts: 3,002 Forumite
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    ilovehouses wrote: »
    You've just told everyone your etrade account is worth £303,562.28 and your BTL mortgage is £288,325 - why be coy about what $ denominated holdings you have.

    Sterling has only fallen back to the levels of last Friday by the way.

    be careful about reading too much into people boasting especially on the internet and, even more, especially when the person is very arrogant.
  • westernpromise
    westernpromise Posts: 4,833 Forumite
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    ilovehouses wrote: »
    You've just told everyone your etrade account is worth £303,562.28 and your BTL mortgage is £288,325

    not really, I'm actually up 4% on the day now...
  • Arklight
    Arklight Posts: 3,172 Forumite
    First Anniversary First Post
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    On the forum hpc.co.uk they are celebrating this news. They are cheering!
  • Electrum
    Electrum Posts: 218 Forumite
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    up uphfdjfdjhyfdjhyfcxjyfdhtfhgfx
This discussion has been closed.
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