| |
View Poll Results: You are to be paid USD5000/month for 6 months, but can choose between 2 options: | |
SAFE OPTION (CHF) Today's rate (~4636CHF) would be applied to all 6 months and never fluctuate
|    | 30 | 93.75% | |
GAMBLE (USD) Each month, the exchange rate would be applied which could result in more or less pay
|    | 2 | 6.25% |  | | | 
15.01.2013, 11:18
|  | Forum Veteran | | Join Date: Mar 2011 Location: Lac Léman
Posts: 952
Groaned at 39 Times in 25 Posts
Thanked 705 Times in 312 Posts
| | | How would you choose to be paid?
This is more or less the situation I currently face - pay is hypothetical. I wanted to create a poll to decide - kinda like the 'ask the audience' lifeline in who wants to be a millionaire.
My future is in your hands, good people. Please describe why you voted the way you did!
| 
15.01.2013, 11:36
|  | Forum Veteran | | Join Date: Jun 2012 Location: Scottsdale, USA/Geneva CH
Posts: 652
Groaned at 15 Times in 9 Posts
Thanked 1,525 Times in 448 Posts
| | | Re: How would you choose to be paid?
I seriously doubt that any currency-effecting catastrophe will befall switzerland in the next 6 months. If the stars align, the dollar could go up a little, but given the state of the US, I can't imagine what could happen that would cause it to rise dramatically in the next 6 months. I think that it's more likely to remain stagnant or go down.
Just a guess on my part
| | The following 3 users would like to thank Desert Rat for this useful post: | | 
15.01.2013, 12:32
|  | Senior Member | | Join Date: Sep 2010 Location: Vancouver, Canada
Posts: 354
Groaned at 6 Times in 5 Posts
Thanked 259 Times in 106 Posts
| | | Re: How would you choose to be paid?
until the US stop talking about making a 1 trillion dollar coin that could obliterate their economy initially, I would stick to CHF!
| | The following 2 users would like to thank caninsui for this useful post: | | 
15.01.2013, 12:43
|  | Forum Veteran | | Join Date: Jul 2010 Location: Bern area
Posts: 1,532
Groaned at 10 Times in 10 Posts
Thanked 1,511 Times in 748 Posts
| | | Re: How would you choose to be paid? | Quote: | |  | | | I seriously doubt that any currency-effecting catastrophe will befall switzerland in the next 6 months. If the stars align, the dollar could go up a little, but given the state of the US, I can't imagine what could happen that would cause it to rise dramatically in the next 6 months. I think that it's more likely to remain stagnant or go down.
Just a guess on my part | | | | | +1.
(Filler text here to reach 10-character requirement) | 
15.01.2013, 12:47
|  | Forum Veteran | | Join Date: Sep 2011 Location: Winterthur
Posts: 2,045
Groaned at 168 Times in 97 Posts
Thanked 1,919 Times in 933 Posts
| | | Re: How would you choose to be paid?
Why would you even consider being paid in American pesos
| | The following 3 users would like to thank Wallabies for this useful post: | | 
15.01.2013, 12:48
| | Forum Veteran | | Join Date: May 2009 Location: Risch, Canton Zug
Posts: 853
Groaned at 11 Times in 10 Posts
Thanked 780 Times in 397 Posts
| | | Re: How would you choose to be paid? | Quote: | |  | | | I seriously doubt that any currency-effecting catastrophe will befall switzerland in the next 6 months. If the stars align, the dollar could go up a little, but given the state of the US, I can't imagine what could happen that would cause it to rise dramatically in the next 6 months. I think that it's more likely to remain stagnant or go down.
Just a guess on my part | | | | | But the Swiss are holding on to the peg so it`s really eur vs dollar. Anyway i am assuming you need most of your pay to live and that you live in francs. Why gamble on something you know not enough about to have a confident opinion.
| 
15.01.2013, 12:58
|  | Forum Legend | | Join Date: Dec 2010 Location: Lugano
Posts: 8,255
Groaned at 284 Times in 242 Posts
Thanked 6,917 Times in 3,607 Posts
| | | Re: How would you choose to be paid?
Where will you be living, US or here?
Tom
| 
15.01.2013, 12:59
|  | Forum Veteran | | Join Date: Apr 2011 Location: Somewhere in SG
Posts: 1,703
Groaned at 9 Times in 9 Posts
Thanked 1,289 Times in 665 Posts
| | | Re: How would you choose to be paid? | Quote: | |  | | | Why would you even consider being paid in American pesos | | | | |
if someone was willing to pay me, I would take any currency they chose...
In summer 2011 we were moving to CH needed to bring our $ over to CHF - when that last round of debt ceiling talks went on (or whatever it was about!). The $ tanked and I nearly had a coronary. Luckily, we were able to wait for the $ to recover a little bit before exchanging, but it was nearly a disaster! I would probably take the safe route as I know 0.00001% about what makes the currency fluctuate. Except for the normal rule that the currency in whatever country we move to suffers post-move | 
15.01.2013, 13:00
|  | Forum Legend | | Join Date: Sep 2011 Location: Alsace, Basel and Engelberg
Posts: 2,768
Groaned at 67 Times in 54 Posts
Thanked 2,927 Times in 1,411 Posts
| | | Re: How would you choose to be paid?
Ridiculous question. For a start, why would anyone living here want to be paid in foreign money, especially if it's not even the currency of any country you're associated with.
Secondly, if I were interested in earning on the money markets I'd go into currency trading proper, not just muck around with such paltry amounts. There is money to be made in the forex markets, but not generally on such fixed-length investments as you're talking about here.
Thirdly, and this is just me, I don't _do_ gambling. Never have, never will.
| | The following 2 users would like to thank Ace1 for this useful post: | | 
15.01.2013, 13:17
| | Member | | Join Date: Feb 2008 Location: TI
Posts: 167
Groaned at 3 Times in 2 Posts
Thanked 148 Times in 76 Posts
| | | Re: How would you choose to be paid? | Quote: | |  | | | But the Swiss are holding on to the peg ] | | | | | Hmm... they were until the last few days. Some analysts are saying 1.30 pretty shortly.
| 
15.01.2013, 13:20
|  | Forum Veteran | | Join Date: Apr 2011 Location: Somewhere in SG
Posts: 1,703
Groaned at 9 Times in 9 Posts
Thanked 1,289 Times in 665 Posts
| | | Re: How would you choose to be paid? | Quote: | |  | | | Ridiculous question. For a start, why would anyone living here want to be paid in foreign money, especially if it's not even the currency of any country you're associated with.
Secondly, if I were interested in earning on the money markets I'd go into currency trading proper, not just muck around with such paltry amounts. There is money to be made in the forex markets, but not generally on such fixed-length investments as you're talking about here.
Thirdly, and this is just me, I don't _do_ gambling. Never have, never will. | | | | |
I assume that perhaps the person got a job for 6 months that involves getting paid in $$. I do think this does happens, especially if you have clients in the US?
| 
15.01.2013, 13:26
|  | Senior Member | | Join Date: Oct 2007 Location: Fribourg/Geneva
Posts: 362
Groaned at 0 Times in 0 Posts
Thanked 246 Times in 136 Posts
| | | Re: How would you choose to be paid? | Quote: | |  | | | I assume that perhaps the person got a job for 6 months that involves getting paid in $$. I do think this does happens, especially if you have clients in the US? | | | | | Yes. For example, some UN contracts are paid in US$.
| | This user would like to thank Mag for this useful post: | | 
15.01.2013, 13:32
|  | Forum Veteran | | Join Date: Mar 2011 Location: Lac Léman
Posts: 952
Groaned at 39 Times in 25 Posts
Thanked 705 Times in 312 Posts
| | | Re: How would you choose to be paid? | Quote: | |  | | | Where will you be living, US or here? | | | | | Here. I should have been clearer that I'm being paid in CHF regardless, but the decision to be made is with respect to a one-off conversion or a monthly conversion. | Quote: | |  | | | Ridiculous question. | | | | | Why thank you! | Quote: | |  | | | For a start, why would anyone living here want to be paid in foreign money, especially if it's not even the currency of any country you're associated with. | | | | | | Quote: | |  | | | Why would you even consider being paid in American pesos | | | | | Because I'm still receiving the bottom dollar (er, franc) converted into CHF - it's simply a question of whether there are any predictions on a potentially stronger dollar or weaker franc/euro. As pointed out, I'm not informed enough myself but perhaps someone here would be, hence the question. | Quote: | |  | | | Secondly, if I were interested in earning on the money markets I'd go into currency trading proper, not just muck around with such paltry amounts. There is money to be made in the forex markets, but not generally on such fixed-length investments as you're talking about here. | | | | | That's OT frankly, I'm not asking where to gamble my money. I have a choice to make and I want to better assess potential P&L.
Anyways, it sounds like a resounding 'be safe not sorry' response, so thanks everyone for your input. I know who to add to my hit list if the value of the USD booms... | 
15.01.2013, 13:33
|  | Forum Veteran | | Join Date: Mar 2011 Location: Lac Léman
Posts: 952
Groaned at 39 Times in 25 Posts
Thanked 705 Times in 312 Posts
| | | Re: How would you choose to be paid? | Quote: | |  | | | Yes. For example, some UN contracts are paid in US$. | | | | | Ding ding ding.
| 
15.01.2013, 13:44
| | Junior Member | | Join Date: Nov 2012 Location: biel
Posts: 38
Groaned at 1 Time in 1 Post
Thanked 6 Times in 5 Posts
| | | Re: How would you choose to be paid?
i would be paid in chf because it has been more or less stable for some time now
| 
15.01.2013, 14:02
|  | Forum Legend | | Join Date: Oct 2009 Location: Zurich
Posts: 8,469
Groaned at 173 Times in 99 Posts
Thanked 7,870 Times in 3,506 Posts
| | | Re: How would you choose to be paid?
don't think it would make a huge difference, but would go with USD because at least you get some excitement each month - almost like your own private lottery! :P
| 
15.01.2013, 14:20
|  | Forum Veteran | | Join Date: Mar 2011 Location: Lac Léman
Posts: 952
Groaned at 39 Times in 25 Posts
Thanked 705 Times in 312 Posts
| | | Re: How would you choose to be paid? | Quote: | |  | | | don't think it would make a huge difference, but would go with USD because at least you get some excitement each month - almost like your own private lottery! :P | | | | | Haha I like it - this is also how the gambler in me feels.
If I profit, then I justify a couple beers.
If I lose out, well, then I justify a couple beers.
| | This user would like to thank M. Ploymi for this useful post: | | 
15.01.2013, 16:09
| | Forum Veteran | | Join Date: May 2009 Location: Risch, Canton Zug
Posts: 853
Groaned at 11 Times in 10 Posts
Thanked 780 Times in 397 Posts
| | | Re: How would you choose to be paid? | Quote: | |  | | | Haha I like it - this is also how the gambler in me feels.
If I profit, then I justify a couple beers.
If I lose out, well, I blame all you idiots  | | | | | FTFY.
If the Swiss move the peg to 1.30 exchanging monthly might be a good option. Considering you are getting in before they weaken the currency further.
| | The following 2 users would like to thank BrianJW for this useful post: | | 
15.01.2013, 16:13
|  | Forum Legend | | Join Date: Dec 2009 Location: Roundabout Basel
Posts: 6,212
Groaned at 73 Times in 64 Posts
Thanked 7,607 Times in 3,301 Posts
| | | Re: How would you choose to be paid? | Quote: | |  | | | Haha I like it - this is also how the gambler in me feels.
If I profit, then I justify a couple beers.
If I lose out, well, then I justify a couple beers. | | | | | Sounds like a glass is half full/half empty approach - either way, it is still half a beer... | 
15.01.2013, 16:24
|  | Forum Legend | | Join Date: Sep 2011 Location: Alsace, Basel and Engelberg
Posts: 2,768
Groaned at 67 Times in 54 Posts
Thanked 2,927 Times in 1,411 Posts
| | | Re: How would you choose to be paid? | Quote: | |  | | | Sounds like a glass is half full/half empty approach - either way, it is still half a beer...  
| | | | | He missed : Hey, that's not my glass. My glass was definitely full. Who's been stealing my beer?
| |
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | | | | Thread Tools | | | | Display Modes | Linear Mode |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts HTML code is Off | | | All times are GMT +1. The time now is 00:47. | |