Liquidity vs Exchange rate, any advice?
Oct 11th 2009, 10:14 am
#16
BE Forum Addict
Joined: May 2007
Location: England
Posts: 4,212
Re: Liquidity vs Exchange rate, any advice?
nope i havent gone for it because i havent the 10% in cash lying around equal to the equity out the house , so im going to wing it and hope it doesnt change too much .
20% seems high what about forex ,i opened an account with them about a week ago , they are helpful too and also their website will show you what the current banks will give you as opposed to them .
All i did was photograph my passport , a utility bill [not phone] and a bank statement and your set to go .sell your house BPAY the cash to them and they will automatically transfer it to your benficiaries uk ban account ,which ofcourse is your own .
20% seems high what about forex ,i opened an account with them about a week ago , they are helpful too and also their website will show you what the current banks will give you as opposed to them .
All i did was photograph my passport , a utility bill [not phone] and a bank statement and your set to go .sell your house BPAY the cash to them and they will automatically transfer it to your benficiaries uk ban account ,which ofcourse is your own .
Oct 11th 2009, 10:54 am
#17
Ping-ponger
Joined: Jul 2002
Location: Dreich Alba
Posts: 12,006
Re: Liquidity vs Exchange rate, any advice?
What happens if you lock into a rate and it actually gets better, not worse? Are you screwed (commited to buying at the lower/worse rate)?
Seems to me that these days even the best economists can't get their predictions right so locking in is something of a gamble, so why bother?
Seems to me that these days even the best economists can't get their predictions right so locking in is something of a gamble, so why bother?
