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  #81  
Old 15.07.2011, 09:48
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Re: Swiss Franc Climbs to Record High

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I've been putting off moving my pension over in the vain hope the pound would recover, is it time to cut my losses and and bring it over?
How you handle your emotions is the most important thing. Warren Buffet became the worlds 2nd richest man because he can handle his emotions better than most. He said ' Be feraful when others are greedy, be greedy when others our fearful.

Greed is such that people will buy something because it's trendy & expensive then sell it because it becomes better value, when obviousely they should buy more.

Think buying internet stocks & selling gold in 1999, & buying gold & CHF in 2011.
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  #82  
Old 15.07.2011, 10:05
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Re: Swiss Franc Climbs to Record High

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Who knows? I do not see any reason for the UK£ to rise in the near/mid term?
When you see a good reason to buy the £ everybody else will too, the rate will be 1.80-2.00.

You were comfortable when the £ was 2.41 in October 2007, you did not see a reason to sell, the chances of seeing the reason to buy is unlikely.
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  #83  
Old 15.07.2011, 10:11
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Re: Swiss Franc Climbs to Record High

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Edit: For content
1chf = 1.3 pounds, bloody hell that is low.
UK assets would look better value, than at any time in the past, which is the reasons why foreigners are buying London houses for half price, of course those house prices will fall, but probably not relative the CHF.
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  #84  
Old 15.07.2011, 10:16
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Re: Swiss Franc Climbs to Record High

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UK assets would look better value, than at any time in the past, which is the reasons why foreigners are buying London houses for half price, of course those house prices will fall, but probably not relative the CHF.
There are still parts of London, Kensington and Chelsea for example, where houses and flats are going to sealed-bids, and are being sold above the original asking price, because they are mainly being bought by foreigners.
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  #85  
Old 15.07.2011, 10:23
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Re: Swiss Franc Climbs to Record High

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There are still parts of London, Kensington and Chelsea for example, where houses and flats are going to sealed-bids, and are being sold above the original asking price, because they are mainly being bought by foreigners.
There are also a huge no of houses in Kens & Chelasa that have been on the market for over 2 years & have not sold despite the prices dropping by more than a million. Do not believe all the posative property spin, it does however happen occasionally.
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  #86  
Old 15.07.2011, 10:30
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Re: Swiss Franc Climbs to Record High

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It's times like this I'm glad I don't have any money.

Amen. I love that I have no investments and never carry a high enough balance in my bank account to earn any interest. I just have mountains and mountains of debt that will soon be massively eroded by titanic inflation.

Yay!
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  #87  
Old 15.07.2011, 10:33
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Re: Swiss Franc Climbs to Record High

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There are also a huge no of houses in Kens & Chelasa that have been on the market for over 2 years & have not sold despite the prices dropping by more than a million. Do not believe all the posative property spin, it does however happen occasionally.
I'm sure you're right.
I am only talking about my friends and family's experience where it has been astonishing how speedily properties have been sold and for so much.
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  #88  
Old 15.07.2011, 10:38
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Re: Swiss Franc Climbs to Record High

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I'm sure you're right.
I am only talking about my friends and family's experience where it has been astonishing how speedily properties have been sold and for so much.
There is an add on for Firefox called property bee. When viewing properties on Rightmoves you can see all the previous details for the house, first date listed, price changes etc.
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  #89  
Old 15.07.2011, 11:30
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Re: Swiss Franc Climbs to Record High

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There is an add on for Firefox called property bee. When viewing properties on Rightmoves you can see all the previous details for the house, first date listed, price changes etc.
did you post on any house price forums? property bee was written by someone i know who used to frequent these forums...
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  #90  
Old 15.07.2011, 11:45
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Re: Swiss Franc Climbs to Record High

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did you post on any house price forums? property bee was written by someone i know who used to frequent these forums...
I have posted occasionally, less than 10 posts ever so he won't know me!
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  #91  
Old 15.07.2011, 11:55
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Re: Swiss Franc Climbs to Record High

Finally another contrarian. I agree with many of your points. This is a great time to get home currency(what ever your future home may be) with CHF. Buying power is fantastic - the question is what to do with the money - mortgage already paid.
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Old 15.07.2011, 12:04
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Re: Swiss Franc Climbs to Record High

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Finally another contrarian. I agree with many of your points. This is a great time to get home currency(what ever your future home may be) with CHF. Buying power is fantastic - the question is what to do with the money - mortgage already paid.
buy another property?
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  #93  
Old 15.07.2011, 12:51
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Re: Swiss Franc Climbs to Record High

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Finally another contrarian. I agree with many of your points. This is a great time to get home currency(what ever your future home may be) with CHF. Buying power is fantastic - the question is what to do with the money - mortgage already paid.
Equaties provide a reasonable hedge against inflation & they are fairly out of fashon today. I like the US as everybody else has given up.
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  #94  
Old 15.07.2011, 16:40
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Re: Swiss Franc Climbs to Record High

Cr*p article in the FT today, I quote "Swiss franc’s record run ends
By Peter Garnham
The Swiss franc hit record highs against the euro and dollar on Thursday before falling back sharply after Ben Bernanke, chairman of the US Federal Reserve, said he was not yet ready to start further monetary easing"

It seems this getleman's idea of "falling back sharply" is that the CHF fell from 1.14x versus euro to 1.15x (I never noticed it had fallen below 1.15)!
I would define falling back sharply & the record run ending as a return to 1.25 (or more).
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Old 15.07.2011, 18:17
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Re: Swiss Franc Climbs to Record High

Typical garbage media writting about things they don't understand. The headlines are ... well... headlines.
I would love to start a poll about where people think various exchange rates are in say five years.
Further question: What will be the top performing currency over the next five years? To be honest, I think the world is has fair valuations in most floating currencies except Switzerland - can a land-locked island hold out?
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  #96  
Old 15.07.2011, 18:54
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Re: Swiss Franc Climbs to Record High

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But Switzerland couldnt afford the bill for the PIGS!
Ireland would be happy to leave, we'd love to burn our bondholders. But America and Germany say no, they prefer to lend us the money to pay their bankrupt banks.
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  #97  
Old 15.07.2011, 19:08
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Re: Swiss Franc Climbs to Record High

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In addition, in the case of Italy, calculating based on numbers is one thing, adding the government, citizens and social factors in the equation totally gives opposite results, fact is, in italy the situation is bad on all levels and it won't take long to collapse....only financial reports shows the opposite and so they did in the US before the F.C....
Exactly, factor in the state employees eligible for a partial/full pension after just a few ears working and......not to mention other unfunded commitments.
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  #98  
Old 15.07.2011, 19:13
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Re: Swiss Franc Climbs to Record High

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What? Are you sure or pulling my leg? I thought it was made easier, I got the forms, erm, four years ago, I think pretty much all that's required are the two account numbers and my signature. I though so long as the pensions were of an approved sort (it was), the funds could be transferred between the two.
Please advise where to get the forms?

Thanks.
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Old 15.07.2011, 19:16
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Re: Swiss Franc Climbs to Record High

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Not True , however 'pension busting' is taxable at a high rate.
Depends on how you do the transfer, and with whom.
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Old 15.07.2011, 19:16
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Re: Swiss Franc Climbs to Record High

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Please advise where to get the forms?

Thanks.
From the new pension provider.
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