British Expats - One for finance bods....

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Autonomy

Apr 14th 2011 7:30 am

One for finance bods....

Hypothetical... you have a decent lump sum that you wish to save long term.

You have the choice to transfer AED to GBP, USD or EUR account.

What is the best option currently?

Meow	Apr 14th 2011 7:37 am

Re: One for finance bods....

Depends on many factors. Timeframe, your long-term plans, will you need to convert it again in the future. Also, you mean save as in keep on deposit or as in invest?

Autonomy

Apr 14th 2011 7:56 am

Re: One for finance bods....

Quote:

Originally Posted by Meow (Post 9304300)

Depends on many factors. Timeframe, your long-term plans, will you need to convert it again in the future. Also, you mean save as in keep on deposit or as in invest?

heh - I suspected such an answer.... the current short term objective is to get it out of the UAE and offshore...

Blue Cat

Apr 14th 2011 9:24 am

Re: One for finance bods....

Quote:

Originally Posted by Autonomy (Post 9304331)

heh - I suspected such an answer.... the current short term objective is to get it out of the UAE and offshore...

I can look after it for you :p

Millhouse

Apr 14th 2011 11:05 am

Re: One for finance bods....

Quote:

Originally Posted by Autonomy (Post 9304331)

heh - I suspected such an answer.... the current short term objective is to get it out of the UAE and offshore...

very sensible.

The right answer is that you should spread it across a basket of hard currencies and assets.

The reality is that you will just shove it into a GBP/USD bank account held in Jersey.

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