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How much have you lost because of brexit.

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    #61
    Originally posted by kolata View Post
    Are you happy now feckers?

    Put here how much you personally lost/will loose because of the chavs' decision to leave eu:

    just before brexit:
    1000 euro = ~£760
    $1000 = ~£666

    as of today
    1000 euro = ~£850
    $1000 = ~£779

    so for each 1000 euro/$1000 you spent on holiday you are ~£90/~£113 worse off.

    Are you happy now FECKERS?
    I made 3k on the day of the referendum. 700 quid the next day, and then a few hundred quid in the week.

    I also have a US Dollar account, and had cash from shares in it, plus I get to cash some more in a few weeks. So technically was up another 5 grand.

    Looks good to me so far.
    What happens in General, stays in General.
    You know what they say about assumptions!

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      #62
      Originally posted by MarillionFan View Post
      I made 3k on the day of the referendum. 700 quid the next day, and then a few hundred quid in the week.

      I also have a US Dollar account, and had cash from shares in it, plus I get to cash some more in a few weeks. So technically was up another 5 grand.

      Looks good to me so far.
      All of that whilst riding on a shark?

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        #63
        I've lost the will to live.

        Comment


          #64
          Originally posted by d000hg View Post
          People that go on holiday are tosspots? Or people on lower incomes?
          People who would sell their access to democracy so cheaply.

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            #65
            I'm up more than 60K since Brexit. Two thirds of my pension and ISA savings are in non-UK equities which (I think) automatically increase by however much the pound falls against the currency they are priced in, but even the third that was in UK equities has gone up, given that the FTSE 100 companies get 77% of their revenues from outside the UK.

            Assuming I continue to hold current assets for the long-term, and (for the sake of argument) that the pound remains devalued, I will not really be 60K better off, as the inflated pound balance will still buy the same amount of imported goods as it would have done before the devaluation, i.e my apparent gains will be offset by future inflation.

            So rather than say I've made 60K, it would make more sense to say I've avoided a 60K loss that I would have had if invested in British nominal assets, e.g. cash or pound-denominated bonds.
            Last edited by IR35 Avoider; 8 July 2016, 17:11.

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              #66
              Originally posted by IR35 Avoider View Post
              So rather than say I've made 60K, it would make more sense to say I've avoided a 60K loss that I would have had if invested in British nominal assets, e.g. cash or pound-denominated bonds.
              Money saved are much better than money earned because they don't (yet) tax you for avoiding losses...

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                #67
                Originally posted by SpontaneousOrder View Post
                People who would sell their access to democracy so cheaply.
                The idea of delaying came from one of your glorious leaders.
                Originally posted by darmstadt View Post
                One of the best reasons for delaying Article 50 I heard from one of the Brexit leaders was so that people could still go on their holidays and afford it...
                Down with racism. Long live miscegenation!

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                  #68
                  Originally posted by IR35 Avoider View Post
                  I'm up more than 60K since Brexit. Two thirds of my pension and ISA savings are in non-UK equities which (I think) automatically increase by however much the pound falls against the currency they are priced in, but even the third that was in UK equities has gone up, given that the FTSE 100 companies get 77% of their revenues from outside the UK.

                  Assuming I continue to hold current assets for the long-term, and (for the sake of argument) that the pound remains devalued, I will not really be 60K better off, as the inflated pound balance will still buy the same amount of imported goods as it would have done before the devaluation, i.e my apparent gains will be offset by future inflation.

                  So rather than say I've made 60K, it would make more sense to say I've avoided a 60K loss that I would have had if invested in British nominal assets, e.g. cash or pound-denominated bonds.
                  No, you're just financially illiterate too. I'll add you to the list.

                  Comment


                    #69
                    Originally posted by IR35 Avoider View Post
                    So rather than say I've made 60K, it would make more sense to say I've avoided a 60K loss that I would have had if invested in British nominal assets, e.g. cash or pound-denominated bonds.
                    Absolutely, anyone with UK assets became substantially poorer after the Brexit vote.

                    Of course it will take time for that to feed through into higher prices as the major retailers hedge currencies for up to 6 months. In 6 to 12 months you will see prices start to rise.

                    If a future Prime Minister actually hands in article 50 you could see another huge drop in the value of the pound.
                    I'm alright Jack

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                      #70
                      Originally posted by NotAllThere View Post
                      The idea of delaying came from one of your glorious leaders.
                      I don't have any leaders. I just voted out because I wanted out. What other people do is nothing to do with me.

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