Pension transfers

Old Jun 18th 2008, 9:54 pm
  #16  
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Default Re: Pension transfers

Originally Posted by Windsor2 View Post
Bijilo132,

am i prepared to gamble, or what can i afford to lose?

I hope this answers the question.

Cheers,

Richard.
Yes I thought so - gambling or to put it differently speculation.!!
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Old Jul 23rd 2008, 2:39 am
  #17  
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Default Re: Pension transfers

I think you work for Axia, Dave!!
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Old Jul 25th 2008, 1:11 pm
  #18  
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Default Re: Pension transfers

Richard,
Could one have a staggered set of contracts ?. That is ,Contract 1 at a rate fixed for the next 12 months. Contract 2 started 3 months after contract 1 running for 12 months and so forth until of course contract 1 drops out and the process recommences. It appears to me that that would smooth out the volatility better than simply fixing at one specific moment in time. Possible ?
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Old Aug 1st 2008, 3:33 pm
  #19  
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Default Re: Pension transfers

Originally Posted by Practical View Post
Richard,
Could one have a staggered set of contracts ?. That is ,Contract 1 at a rate fixed for the next 12 months. Contract 2 started 3 months after contract 1 running for 12 months and so forth until of course contract 1 drops out and the process recommences. It appears to me that that would smooth out the volatility better than simply fixing at one specific moment in time. Possible ?
Practical,

You can have as many contracts as you like, and it is a good way of spreading the risk.

For example, if you had £100k to take over:

1. Spot/Forward contract for, say, £40k

2. Market order at 2.20 for £30k

3. Market order at 2.30 for £30k.

If any of the market orders are not reached, or if your situation/thinking changes then you can simply cancel them and either set a new level or buy the currency then and there.

This hedging strategy is quite popular at the moment and as stated, spreads the risk in what is a volatile climate!

Hope this helps, the good news is the Dollar is losing ground against the £ at the moment! $2.1185 at the time of writing, which is as good as it has been since April.

All the best,

Richard.
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