Intro and advice please!
Apr 13th 2009 | 12:50 am
#16
Just Joined
Joined: Apr 2009
Posts: 7
Re: Intro and advice please!
I'm not so sure than an off-shore bond is the answer. I did that some time ago, I draw 5% monthly as income but have seen the value of the bond drop by over 30%!!!!!!
Had I kept the money in the bank, would I have been better off - who knows!
Isn't hindsight a wonderful thing.
Had I kept the money in the bank, would I have been better off - who knows!
Isn't hindsight a wonderful thing.
Apr 13th 2009 | 2:50 am
#17
RETIRED ;-))
Joined: Jul 2003
Posts: 20,156
From: Benalmadena Pueblo,Spain
Re: Intro and advice please!
Indeed that wonderful thing called hindsight!!! However, now is in fact a good time as the market has dropped so much and has hopefully bottomed out - watch this space - as for leaving the money in the bank - they are offering such little returns and who would have thought that banks would go bust like they have in the 21st century - let's hope the trend is on the up for you (and indeed all of us, though I do like the low monthly mortgage repayments - still cant win them all)
Apr 13th 2009 | 8:37 pm
#18
Forum Regular
Joined: Nov 2008
Posts: 213
Re: Intro and advice please!
Hi all,
just signed up after reading quite a few posts over the past week regarding moving abroad. My oh's family live in Spain and her father isnt in the best of health so it looks like we are moving over there in the very near future. In a way works out well as we sold our house in Richmond a few months back so have money to buy somewhere or to rent while there. The main questions I have are about currency...I know I know, most boring topic on here, but something important to us as want the best rates possible. I see that this site is full of various reccommendations but want to know what the main difference is between all the companies.
thanks in advance for all your help, im sure that your advice will be better than non at all!!!
Ben.
just signed up after reading quite a few posts over the past week regarding moving abroad. My oh's family live in Spain and her father isnt in the best of health so it looks like we are moving over there in the very near future. In a way works out well as we sold our house in Richmond a few months back so have money to buy somewhere or to rent while there. The main questions I have are about currency...I know I know, most boring topic on here, but something important to us as want the best rates possible. I see that this site is full of various reccommendations but want to know what the main difference is between all the companies.
thanks in advance for all your help, im sure that your advice will be better than non at all!!!
Ben.
As quite a few have mentioned, I would suggest that until you have the need to transfer the bulk of your funds you should keep the majority of it in the UK and just transfer enough for living expenses etc. I know the company that I use RationalFX always gives me the best rates and also do regular payments at no cost. PM me for my contacts details.
All the best
Will
Apr 13th 2009 | 9:36 pm
#19
Thread Starter
Just Joined
Joined: Apr 2009
Posts: 25
Re: Intro and advice please!
Hi all,
Thanks for all the info, seems like there are quite a few companies that do this sort of thing, have phoned a few of them and they seem to be quite competitive but i noticed that some of the big ones dont seem to have a clue about customer service! Not being funny, but if Im sending my hard earned cash to a company I dont really know, the least Id expect is some sort of friendliness!!! Anyone else find this???
will let you know who i go with in the end.
thanks again,
Ben
Thanks for all the info, seems like there are quite a few companies that do this sort of thing, have phoned a few of them and they seem to be quite competitive but i noticed that some of the big ones dont seem to have a clue about customer service! Not being funny, but if Im sending my hard earned cash to a company I dont really know, the least Id expect is some sort of friendliness!!! Anyone else find this???
will let you know who i go with in the end.
thanks again,
Ben
Apr 13th 2009 | 9:47 pm
#20
BE Forum Addict
Joined: Jan 2008
Posts: 2,624
From: The Charente - still smiling.
Re: Intro and advice please!
Ben,
Speaking as an ex trader, if you want a friend, get a dog!
Traders and dealers are very stressed, and with all the economic and financial news all over the place at the moment they are likely to be more so
Speaking as an ex trader, if you want a friend, get a dog!
Traders and dealers are very stressed, and with all the economic and financial news all over the place at the moment they are likely to be more so
Apr 13th 2009 | 10:35 pm
#21
Thread Starter
Just Joined
Joined: Apr 2009
Posts: 25
Re: Intro and advice please!
wow thanks for that highly constructive criticism! already got two dogs though. get out of the game coz the pressure got to you i suppose? didnt mean i need someone to hold my hand and lick my nuts, just to show a bit of courtesy as they should appreciate that i am sending money to them. is that too hard to understand?
Apr 13th 2009 | 10:50 pm
#22
BE Forum Addict
Joined: Jan 2008
Posts: 2,624
From: The Charente - still smiling.
Re: Intro and advice please!
Ben it was meant as friendly advice.
I agree with the courtesy bit, but judging by your response to me, I am surprised people answer you at all!
I agree with the courtesy bit, but judging by your response to me, I am surprised people answer you at all!
Apr 13th 2009 | 11:12 pm
#23
Thread Starter
Just Joined
Joined: Apr 2009
Posts: 25
Re: Intro and advice please!
i suppose my response was a reaction to a childish sarcastic comment when all im trying to ascertain is the best way to get more for my sterling. maybe being an ex trader you can afford not to worry about slight variations in the exchange rates but unfortunately i cant. i do apologise profusely if i insulted you in any way shape or form, but if you were as rude as some of the brokers i have been speaking to then surely you must have tough skin!
Apr 14th 2009 | 12:32 am
#24
BE Forum Addict
Joined: Jan 2008
Posts: 2,624
From: The Charente - still smiling.
Re: Intro and advice please!
Fair enough Ben.
I wasn't being sarcastic. What I meant was, no matter how "friendly" a trader may appear, he is still a trader.
Echoing what others have said, shop around. HiFx seem frequently recommended, I am just about to try them out.
As a similar beginner at this, (and I may be corrected by those with more experience) , IMO there might be some additional protection in going with the better known ones at the outset, and perhaps suffering a bit on the rate, as the last thing one wants is to entrust ones hard earned cash to some fly by night.
best of luck
I wasn't being sarcastic. What I meant was, no matter how "friendly" a trader may appear, he is still a trader.
Echoing what others have said, shop around. HiFx seem frequently recommended, I am just about to try them out.
As a similar beginner at this, (and I may be corrected by those with more experience) , IMO there might be some additional protection in going with the better known ones at the outset, and perhaps suffering a bit on the rate, as the last thing one wants is to entrust ones hard earned cash to some fly by night.
best of luck
Apr 14th 2009 | 1:15 am
#25
Thread Starter
Just Joined
Joined: Apr 2009
Posts: 25
Re: Intro and advice please!
Fair enough Ben.
I wasn't being sarcastic. What I meant was, no matter how "friendly" a trader may appear, he is still a trader.
Echoing what others have said, shop around. HiFx seem frequently recommended, I am just about to try them out.
As a similar beginner at this, (and I may be corrected by those with more experience) , IMO there might be some additional protection in going with the better known ones at the outset, and perhaps suffering a bit on the rate, as the last thing one wants is to entrust ones hard earned cash to some fly by night.
best of luck
I wasn't being sarcastic. What I meant was, no matter how "friendly" a trader may appear, he is still a trader.
Echoing what others have said, shop around. HiFx seem frequently recommended, I am just about to try them out.
As a similar beginner at this, (and I may be corrected by those with more experience) , IMO there might be some additional protection in going with the better known ones at the outset, and perhaps suffering a bit on the rate, as the last thing one wants is to entrust ones hard earned cash to some fly by night.
best of luck
Apr 14th 2009 | 1:25 am
#26
BE Forum Addict
Joined: Jan 2008
Posts: 2,624
From: The Charente - still smiling.
Re: Intro and advice please!
Will be interested to hear how you get on.
My experience is not promising so far -I am awaiting a reply to my instructions emailed at 9 o'clock!
My experience is not promising so far -I am awaiting a reply to my instructions emailed at 9 o'clock!
Apr 14th 2009 | 1:29 am
#27
Thread Starter
Just Joined
Joined: Apr 2009
Posts: 25
Re: Intro and advice please!
booked £5K at 1.118 emailed my instructions when got the deal emailed to me and funds should be in my spanish account later today....we shall see!!!
Apr 14th 2009 | 1:43 am
#28
BE Forum Addict
Joined: Jan 2008
Posts: 2,624
From: The Charente - still smiling.
Re: Intro and advice please!
Looks pretty good to me - that is only about 40 or 50 points off!
Apr 14th 2009 | 2:01 am
#29
Thread Starter
Just Joined
Joined: Apr 2009
Posts: 25
Re: Intro and advice please!
you never know, could be luring me in and then trying to take more next time, but we'll see! also dropped the guys name that reccomended them and that seemed to do a little bit...?!
Apr 14th 2009 | 6:44 am
#30
Lost in BE Cyberspace
Joined: Jun 2005
Posts: 6,912
From: Puente Esuri
Re: Intro and advice please!
Hi all,
Thanks for all the info, seems like there are quite a few companies that do this sort of thing, have phoned a few of them and they seem to be quite competitive but i noticed that some of the big ones dont seem to have a clue about customer service! Not being funny, but if Im sending my hard earned cash to a company I dont really know, the least Id expect is some sort of friendliness!!! Anyone else find this???
will let you know who i go with in the end.
thanks again,
Ben
Thanks for all the info, seems like there are quite a few companies that do this sort of thing, have phoned a few of them and they seem to be quite competitive but i noticed that some of the big ones dont seem to have a clue about customer service! Not being funny, but if Im sending my hard earned cash to a company I dont really know, the least Id expect is some sort of friendliness!!! Anyone else find this???
will let you know who i go with in the end.
thanks again,
Ben
