No Deal Brexit and Savings
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I wonder whether @ruthcain1 is from Eire because she mentions buying a property in Ireland in another thread - yes, I know I am assuming. This may make it easier for her to live elsewhere within the EU post Brexit.You mean physically out of the UK or just your money out of the UK?
Being physically out of the UK but trying to live within the EU after Brexit may not be so easy - you'll no longer have a right of residence there. Unless you have some other EU citizenship.0 -
The Daily Express takes panicky tone about everything. They are very good at finding their target market reader. Relatively low IQ. Easy to take offence about anything, Lives to panic at everything. Every paper has its target market and the writing style of that paper reflects that. You should never rely on the Express for your news.
Don't forget the Diana fans. And the weather.“What means that trump?” Timon of Athens by William Shakespeare0 -
Some UK equities and Global equities are performing very well indeed. A split between both may be the right way to go depending on how you view risk.
SamI'm a retired IFA who specialised for many years in Inheritance Tax, Wills and Trusts. I cannot offer advice now, but my comments here and on Legal Beagles as Sam101 are just meant to be helpful. Do ask questions from the Members who are here to help.0 -
Some UK equities and Global equities are performing very well indeed. A split between both may be the right way to go depending on how you view risk.
Portfolio's need to be diversified. No particular sector outperforms forever. The aim should be for the portfolio to gain as a whole. Risk comes in a whole variety of forms. Impossible to forecast what might happen tomorrow.0 -
I wish I HAD bought some euros 2 weeks ago. Was lulled into a false sense of (vague) security by certain people on here saying the risk of no deal was already built into the fall of the pound in July 2016.
A coffee in Denmark just cost me nearly a fiver. Cheers Brexiters
Well you'd have lost out big time since you'd first have converted your Pounds to Euros, and then converted those to Danish Krone, probably losing about 10% overall. Near miss.
For values of "totally wrong = 1% "
Appears that was totally wrong, then. I see that even the Daily Express is now taking on a panicky tone about the fall of plucky old sterling.
The Daily Express does nothing but a panicky tone.
And FWIW if you had, lets pluck a sum out of thin air and say that you have £100k in your pension fund, and the pound has similarly fallen against the dollar as the Krone and the Euro, your pension fund would have risen roughly half of that 1%, eg £500.
Lets say you also took £1,000 on holiday. Had you changed it earlier you would have £10 more. Making you overall £490 better off.
Happy days. Have a double shot latte next time. 0 -
Contrary question.
In the event of any Brexit outcome, would it be prudent to move any savings out of EU member state banks? In particular, RCI and Bank of Cyprus UK. Post Brexit, will the same protection be in place?RCI's protection is based on the French regulations with a threshold of 100.000 euros -will this still apply?0 -
In particular, RCI and Bank of Cyprus UK. Post Brexit, will the same protection be in place?
Yes. Bank of Cyprus UK is a UK bank anyway. Out of those two, only RCI is an EU member state bank.
What makes you think it wouldn't? If you were a Brazilian or an Australian investing in an RCI account you would be covered.RCI's protection is based on the French regulations with a threshold of 100.000 euros -will this still apply?0
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