Investing large sum prior to brexit date?

DT2001

ZingPowZing wrote: »

Well, it's like this:

A has ten coins
B has ten coins
B's coins are devalued
A is richer than B

Or maybe not if A’s coins were worth less to start with.

Anyway if you hold some of both i.e. diversified you reduce risk?

So are you suggesting the OP holds cash in his pension. £ because it will bounce or sfr, $, € because the £ will get worse?

[Deleted User]

Overall, I see no reason to change my general advice.

"Get all your money out of the UK" © ZingPowZing 2016

beamyup

ZingPowZing wrote: »

Overall, I see no reason to change my general advice.

"Get all your money out of the UK" © ZingPowZing 2016

Basically that is one hell of a forex gamble.

[Deleted User]

Not at all.

Especially if you took action in the wake of the vote in '16.

I'm not going to enumerate how much better off you would be today if you did nor predict how much better off you may be after Halloween but..

You can see a train coming.

beamyup

ZingPowZing wrote: »

Not at all.

Especially if you took action in the wake of the vote in '16.

I'm not going to enumerate how much better off you would be today if you did nor predict how much better off you may be after Halloween but..

You can see a train coming.

money in cash in UK - no forex gamble

money in other currencies / investments in non UK funds/companies / investments in FTSE100 = forex gamble

when i say gamble i mean - it could go either way of course. that train you see might be a train noone else has seen and it hits

[Deleted User]

This isn’t a binary “move everything out of the UK or leave everything in”. The future is never a certainty; it’s a probabilistic event tree. And the game isn’t about winning it all but about not losing big.

So... Diversify.

Also, keep in mind that predictable events are already priced in and that surprises could go either way.

Personally I don’t think that Brexit is a complete disaster “Russian revolution” type of event in the long term (as far as the currency value and the stockmarket are concerned). There are other risks which are more significant

DairyQueen

ZingPowZing wrote: »

Well, it's like this:

A has ten coins
B has ten coins
B's coins are devalued
A is richer than B

You should apply to the IMF. I believe that there is a vacancy.

Thrugelmir

ZingPowZing wrote: »

Well, it's like this:

A has ten coins
B has ten coins
B's coins are devalued
A is richer than B

"A" may well be minting further coins if the economy doesn't pick up.

[Deleted User]

"A" may well be minting further coins if the economy doesn't pick up.

Yeah, cos nobody has ever thought of that before.

Here is the Governor Of The Bank Of England on the merit having your currency in the toilet:

https://www.theguardian.com/business/live/2018/feb/21/markets-uk-unemployment-wages-interest-rates-mark-carney-bank-of-england-business-live

"Depreciations don't work; there may a variety of outcomes but it is essentially how a country makes itself poorer."

Thrugelmir

ZingPowZing wrote: »

"A" may well be minting further coins if the economy doesn't pick up.

Yeah, cos nobody has ever thought of that before.

Here is the Governor Of The Bank Of England on the merit having your currency in the toilet:

https://www.theguardian.com/business/live/2018/feb/21/markets-uk-unemployment-wages-interest-rates-mark-carney-bank-of-england-business-live

"Depreciations don't work; there may a variety of outcomes but it is essentially how a country makes itself poorer."

Better tell the ECB then. :think: