House Cash question

[DimPrawn]

Lockhouse,

have you also considered simply taking x % of the cash and putting it into a foreign currency bank account at your local bank ?

Strange as it may seem, over a 12 months period you might do very well betting on the pound falling against currencies, the benefit of this is the cash is always liquid and can at any time be converted back to gbp and used for something

Anyone who had bought Euro 12 months ago would now be 20% up.

Milan.

Or bought a villa many years ago and sold last month would be very much up.

[Cyberman]

If we sell our house and move into rented for 12 months; what do we do with the not inconsiderable equity until we buy back into the market next year (or the year after)? We'd need something safe with a good return. Any ideas?

One reason I decided not to sell was that at the moment cash is not safe and shares are also very dodgy. If you have masses of equity you would have to spread it around the banks because it is still possible that one or more could go bust.
You are only covered up to 35K per bank and that is only if one is not a subsidiary of another.

[milanbenes]

shirley it's safe in NRK ?

Milan.

[DimPrawn]

shirley it's safe in NRK ?

Milan.

Safe as houses.

[milanbenes]

Dim,

I know you're dying to tell us, how much did you make in capital appreciation and forex on the villa in cyprus ?

Milan.

[Xenophon]

Dim,

I know you're dying to tell us, how much did you make in capital appreciation and forex on the villa in cyprus ?

Milan.

Or just how much in cold hard cash for us simpletons.

[moorfield]

Or donate it all to the Conservatives, and then when they get in, you'll make it all back plus more in the huge tax cuts they will make for us.

They might throw in a big K or a big P too if you're lucky.

[Lockhouse]

Lockhouse,

have you also considered simply taking x % of the cash and putting it into a foreign currency bank account at your local bank ?

Strange as it may seem, over a 12 months period you might do very well betting on the pound falling against currencies, the benefit of this is the cash is always liquid and can at any time be converted back to gbp and used for something

Anyone who had bought Euro 12 months ago would now be 20% up.

Milan.

Very good idea. ' Cept things could go the other way as well. Need to do some research first.

[Ivor Bigun]

Or just how much in cold hard cash for us simpletons.

Strange thing this. I sold my last house last year (at the peak ) and went rented.
Reckon I've "escaped" with 150K savings (tax free) since then, as said house(s) have decreased in value.
Mmmmmmm nice.

[Xenophon]

Strange thing this. I sold my last house last year (at the peak ) and went rented.
Reckon I've "escaped" with 150K savings (tax free) since then, as said house(s) have decreased in value.
Mmmmmmm nice.

Nice work. Add to that the fact that according to your forum name you are hung like a racehorse, it is all good.