frayne
Thinks s/he gets paid by the post
Might be time to loosen the old purse strings and look for some deals.
I know a few board members, including myself have some trips to England coming up is anyone considering getting some British pounds, it was bouncing around in the 1.30 area for a time last night.
I go in November and am wondering if I should just get some pounds from my bank.
Once you have the pounds, do you just put them in a mattress and hope they go up in value? Is there a transaction fee? How much is the percentage to get in and out of physical currency? It seems like you would have to buy a LOT to make up for the transaction fee(s).
Or is it better to just buy foreign currency on the stock exchanges? Or a British ETF? Or just a S&P ETF?
These pounds would be spent in England...it would only be enough for personal vacation use. I usually just ATM it but was thinking around getting them from my bank.
It will cost you an additional 5 to 6%.
Never mind the currency, what about equities?
Might be a good dip. Not sure it will be as good of a dip as we got at the beginning of the year though.
Financial services and housing in the UK is getting a good clobbering.
Double digit drops there, up to 30% in GBP.
Yesterday : Boy, I'm a genious for being so heavily allocated to foreign (about 45%)
This morning : Boy, I really shouldn't be so heavily invested in foreign, what am I thinking
The last hour : Oh look, there is a bit of spare cash in one of my accounts, lets buy some more foreign (VSS).
I bought some VSS and VEA. Nothing life changing. Not super worried or excited. I think this is more hooplah than substance at this point. Of course... could be start of a bigger change which I also can't control so...
I guess onward
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+1 on the VEA. Its a ex us world fund. Impact should be minimal, but down about 7% today.
Since this was in the UK, hopefully their leaders will recognize and honor the will of the people.We don't even know for sure whether the UK *will* leave the EU. This was a non-binding advisory vote, though it does put some pressure on Parliament. The uncertainty may produce more buying opportunities than the actual event itself would.