tag:blogger.com,1999:blog-2875915890415125655.post8568205702458886219..comments2023-05-18T10:37:34.608+01:00Comments on <a href="http://www.retirementinvestingtoday.com">Retirement Investing Today</a>: The Exchange Rate ConundrumRetirementInvestingTodayhttp://www.blogger.com/profile/03088383743670046657noreply@blogger.comBlogger18125tag:blogger.com,1999:blog-2875915890415125655.post-17160458392354424832015-10-04T07:50:18.063+01:002015-10-04T07:50:18.063+01:00Forex trading is a zero sum game. For every long t...Forex trading is a zero sum game. For every long there is also a short<br /><br /><br /><a href="http://forex-matter.blogspot.com/2011/06/six-steps-to-success-in-forex.html" rel="nofollow">good Forex Trading bid </a> nancy johnhttps://www.blogger.com/profile/17693074677100549710noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-11152643285779656842015-08-01T16:05:43.110+01:002015-08-01T16:05:43.110+01:00Couldn't agree more with Stringvest, all this ...Couldn't agree more with Stringvest, all this endless planning, it's exhausting. I actually face this dilemma currently, living FI (this seems a faintly ludicrous phrase to me) with assets in the UK and living costs in euros in mainland Europe where I live. I did what the other poster suggested not doing by "parking euros in a bank account". I did this as the important thing isAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-285145585082396282015-07-30T12:05:30.603+01:002015-07-30T12:05:30.603+01:00I do wonder how the revolutionary and bold step of...I do wonder how the revolutionary and bold step of moving to a foreign land meets the conservatism and micromanagement of the current regime. From the outside looking in there seems to be a scary looking contradiction waiting to happen down the roadAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-9890891877575774392015-07-27T12:53:14.011+01:002015-07-27T12:53:14.011+01:00Of any interest?
http://www.investorschronicle.co....Of any interest?<br />http://www.investorschronicle.co.uk/2015/07/22/your-money/portfolio-clinic/building-a-war-chest-to-retire-abroad-nStccXeEMPJYkLBkoXDifO/article.htmldeariemenoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-25991149918590524352015-07-26T23:10:57.919+01:002015-07-26T23:10:57.919+01:00@RIT, Wow ! I think you are over planning and tryi...@RIT, Wow ! I think you are over planning and trying to optimize every variable. In those famous words of John Lennon "Life is what happens to you when your making other plans". Take it one step at a time. Leave your portfolio as it is. Simply rent in Malta for 12 months and see how it goes. Giving up your job and moving to Malta is a major change in life as it is. Remember, not long Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-13347919248917197262015-07-26T20:43:56.164+01:002015-07-26T20:43:56.164+01:00RIT, presumably you've considered asking your ...RIT, presumably you've considered asking your employer for 6 months unpaid leave when the time comes? Just as insurance.deariemenoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-37054234912344073562015-07-26T20:06:10.450+01:002015-07-26T20:06:10.450+01:00You seem pretty set on Malta RIT and I am sure you...You seem pretty set on Malta RIT and I am sure you will have done lots of research but personally, I would take it one step at a time.<br /><br />Step 1 - get to FI, maybe 18m away and make the decision to leave your well paid job.<br /><br />Step 2 - spend your 6m renting on Gozo - at the end of this period....<br /><br />Step 3 - make a decision with your family whether you want to move there diy investor (UK)https://www.blogger.com/profile/05649975918886866788noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-85173504845703027592015-07-26T11:12:18.559+01:002015-07-26T11:12:18.559+01:00Now is all there is after all.
RIT - this is an e...Now is all there is after all.<br /><br />RIT - this is an excellent blog but if you are predicting £246,413 as your cost I think you may have control issues!<br /><br />I have been thinking about the national v international balance quite a bit recently and exchange rates have obviously come into this. My conclusions are <br /><br />a) one can't manage it so don't try(the FTSE 100 is pulpohttps://www.blogger.com/profile/17808388758284749572noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-86756477272991678192015-07-26T10:59:37.106+01:002015-07-26T10:59:37.106+01:00Oh dear - I do think you are putting the cart befo...Oh dear - I do think you are putting the cart before the horse and trying to micromanage uncertainty. Your plans are just that - plans.<br />So - what may actually happen ?<br /><br />When you reach your target FI you think it would be a bit more prudent to work for another year or two - just to be sure your FI is really secure<br />You don't know where you want to live - but have sensibly stringvestnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-77593638001493355522015-07-26T07:16:16.553+01:002015-07-26T07:16:16.553+01:00If i were you I might want to start buying up Euro...If i were you I might want to start buying up Euros now, as with the in/out EU vote potentially being moved earlier, we'll probably see sooner major volatility in the exchange rate. Even though the current rate is close to the long term average, I feel that it is actually a pretty high rate, given how the economies and prices and inflation have panned out over the last few years...M from There's Valuehttp://theresvalue.co.uknoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-41172323181672013642015-07-26T02:47:06.163+01:002015-07-26T02:47:06.163+01:00Most foreign exchange brokers offer forward contra...Most foreign exchange brokers offer forward contracts. They are usually not cheap and require holding deposits. I would only consider them if you have a definite, large exchange to make in the next couple of months.<br /><br />With your longer time scale and associated uncertainties, I agree that averaging in like you suggest is the way to go. I don't think you'll need to pay monthly Merylnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-24974459052298963762015-07-26T00:48:13.466+01:002015-07-26T00:48:13.466+01:00I had a question a bit like this with my post: htt...I had a question a bit like this with my post: http://firevlondon.com/2015/05/25/where-to-put-euros-to-protect-against-grexit/<br /><br />Overall if I were you I would be trying to accumulate a Euro exposure into a 'real asset' (economics jargon for something which will track inflation - stocks or property are good examples - cash and bonds are not). Parking money in a Euro cash account Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-2718405033305667692015-07-25T17:37:12.753+01:002015-07-25T17:37:12.753+01:00As I detailed in my Sequence of Returns Risk post ...As I detailed in my Sequence of Returns Risk post back in May I currently plan to continue to buy Class 3 NI contributions as an insurance policy against my personal wealth depleting due to some sort of 'black swan event'. <br /><br />A move to Malta (not possible in Italy or Spain) does however give me a couple of other options here. Just completing a couple of more bits of research RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-39529809159644836392015-07-25T17:31:43.605+01:002015-07-25T17:31:43.605+01:00Very relevant question and worth a more detailed p...Very relevant question and worth a more detailed post in the near future. In brief though here is how I'm thinking of playing it:<br />- I intend for the foreseeable future to keep my investment home the UK. This means like my current strategy a large portion of my equities and bonds will stay UK focused. Property will also stay circa 50% UK and 50% Europe. <br />- With time my Australian RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-85399213531082875852015-07-25T17:24:39.909+01:002015-07-25T17:24:39.909+01:00Thanks for your thoughts here DD. Will be interes...Thanks for your thoughts here DD. Will be interesting to see if any readers come up with a better idea than you and I can muster.RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-49935274269354594742015-07-25T12:34:06.913+01:002015-07-25T12:34:06.913+01:00Another question: long term, do you expect to buy ...Another question: long term, do you expect to buy National Insurance credits so that you can look forward to a full new-style State Retirement Pension?deariemenoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-8767184611743415132015-07-25T12:31:27.565+01:002015-07-25T12:31:27.565+01:00Every now and then I persuade myself we should cas...Every now and then I persuade myself we should cash in some of our NS&I Index Linked Savings Certificates, and every time I've funked it. They are irreplaceable. The real temptation will be when our current old-style ones expire, because the new-style ones are much inferior. So in your shoes that's probably what I'd do; drift over to euros on the expiry of old-style issues of deariemenoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-81742508823645945472015-07-25T10:41:51.724+01:002015-07-25T10:41:51.724+01:00I think that sounds a good idea.
Averaging the b...I think that sounds a good idea. <br /><br />Averaging the build up of Euro cash in that way should help insulate you from the worst excesses of the process. As you already have the potential shift to Malta on the horizon it is much easier to plan that logically and it reduces the long-term risk of the potential 0% return on that cash. In exchange rate terms, though, I suspect you will make a &Dividend Drivehttp://dividend-drive.blogspot.co.uk/noreply@blogger.com