Stock market collapse in October

[threaded]

The collapse will be later than October. Everyone was saying September a few months ago.

It will collapse when even the most doom mongering bear thinks the crash has been averted and that house prices and stock markets only ever go up and get in there whilst you still can etc.

It collapsed a few months ago. All these dates mentioned now are when various groups realise that.

[alreadypacked]

Your arithmetic skills are fine - its more like 6% isn't it.
And considering the pound was around 1.45 to the Euro last year, its even more.

All that money gone to pay for a swathe of "diversity outreach advisers" or some such nonsense.

I should move it all over to the Euro to stop the rot.

Problem is if you move at the current bad rate, you have accepted the loss.

Just can bring myself to do it now, hoping for a rally, will move it then.

[TimberWolf]

Problem is if you move at the current bad rate, you have accepted the loss.

Just can bring myself to do it now, hoping for a rally, will move it then.

How do you move money into another currency?

[DimPrawn]

How do you move money into another currency?

Go down to Thomas Cook and buy it.

[TimberWolf]

Go down to Thomas Cook and buy it.

Good idea. I'll pretend I'm going on holiday.

[Sysman]

Problem is if you move at the current bad rate, you have accepted the loss.

Just can bring myself to do it now, hoping for a rally, will move it then.

The alternative is to put your pounds into assets which are easily saleable in another currency. Picking the right assets and when to do it is the tricky bit of course. Watch out for import tariffs in the destination country if physical goods are involved (can be 100% in certain countries).

[MrMark]

The alternative is to put your pounds into assets which are easily saleable in another currency. Picking the right assets and when to do it is the tricky bit of course. Watch out for import tariffs in the destination country if physical goods are involved (can be 100% in certain countries).

Buy teabags - lot's of them. Drive onto the continent, sell to British expats for Euros. Does anyone know any Brits in Ostend?

[Sysman]

Buy teabags - lot's of them. Drive onto the continent, sell to British expats for Euros. Does anyone know any Brits in Ostend?

That is indeed a good example. Proper bacon too, although being uncooked meat there would be rules, regs and sell-by dates to follow.

Can we add HP sauce to the list?

[Menelaus]

Can't remember the name of it but there's a bacon producer in Prague who's an English expat and does a roaring trade.

[Zippy]

Can't remember the name of it but there's a bacon producer in Prague who's an English expat and does a boaring trade.

IGMC