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One for finance bods....

One for finance bods....

Old Apr 14th 2011, 7:30 am
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Default 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?
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Old Apr 14th 2011, 7:37 am
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Default 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?
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Old Apr 14th 2011, 7:56 am
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Default Re: One for finance bods....

Originally Posted by Meow View Post
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...
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Old Apr 14th 2011, 9:24 am
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Default Re: One for finance bods....

Originally Posted by Autonomy View Post
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
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Old Apr 14th 2011, 11:05 am
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Default Re: One for finance bods....

Originally Posted by Autonomy View Post
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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