MegaSack DRAW - This year's winner is user - rgwb
We will be in touch
Need some opinions, like a what would you do in my place..
Got some money in the UK. I live in Switzerland.
Would you change the money now, at the current (low) rate and be done with it.
Or would you wait and hope that the rate improves (the money isnt 'needed' for 5yrs)?
Or??
I have spoken to financial bods, who have either said change, or keep, but each time the advice is different...hence the what would you do..
In the long run rate is more likley to improve than weaken further. I'd leave it in the UK.
any other opinions?
invest it in emerging mkts sector
invest it in natural resources sector
What are the respective rates of return for 5 year money in Swiss Francs and sterling?
You other option is something like www.bullionvault.com i.e. convert your fiat currency into gold.
silver pigeon, do you mean interest? sorry apart from spending it im useless at money stuff..
in switzerland they dont do savings accounts..in the uk when i left i had a good savings account but now its useless..
Scotia - sorry yes interest. Look likes sterling is recovering against the Swiss Franc £1 buys 1.69SF last week it would have only bought 1.60 SF but 5 years is a long time and to be honest you could spend all week getting opinions - they will all be conflicting.
If it were me I'd change half now and stick the remaining sterling into a five year bond. Hedge your bets