Ideas for holding USD?

[AtW]

Except DP doesn't live in Swindon any more!

He did not have much of a life when he was temporarily resident there as well...

[AtW]

Not been to "DP Towers" but I'm working in Swindon.

I am definitely not getting anywhere near Swindon now

[Churchill]

I am definitely not getting anywhere near Swindon now

I drive home via Birmingham...

[AtW]

I drive home via Birmingham...

****!

[Lockhouse]

I've just done this, the Florida market colapsed, and you can actually start to pick up 1/2 bedroom apartments from as little os 60K ...

I know people living in FL. so this does help!

Whereabouts are you looking? I'm off to Florida next week and have been looking at buying in the lower Keys.

[DimPrawn]

Whereabouts are you looking? I'm off to Florida next week and have been looking at buying in the lower Keys.

I'd be interested to know:

1. What yield you can realistically expect for holiday home letting after all costs?

2. Whether you can get insurance cover that will include hurricane damage?

3. What USA taxes (if any) you have to pay in addition to UK taxes.

Cheers and good luck.

[bobhope]

why not open a USD account with your current bank, then use something like Caxton or XE.com to do the conversion - pretty reasonable spreads on cable.

Or alternatively, some spreadbet/cfd companies do currency conversion - you can add money, convert and then withdraw.

[TimberWolf]

why not open a USD account with your current bank, then use something like Caxton or XE.com to do the conversion - pretty reasonable spreads on cable.

Or alternatively, some spreadbet/cfd companies do currency conversion - you can add money, convert and then withdraw.

What does 'cable' mean?

[Lockhouse]

I'd be interested to know:

1. What yield you can realistically expect for holiday home letting after all costs?

2. Whether you can get insurance cover that will include hurricane damage?

3. What USA taxes (if any) you have to pay in addition to UK taxes.

Cheers and good luck.

I was looking at a lock up and leave condo for me & the missus rather than a holday rental. We spend a lot of time out there and would like to winter in the US when we retire.

[Jog On]

You could put it into a GBP/USD carry trade?

if not USD which currency is worth buying now ?
euro/yen/swiss francs ?

I currently have open trades in:

GBP/CAD - short
AUD/NZD - short
USD/CAD - short
EUR/GBP - long
GBP/CHF - short

(I'm short on the £ in all trades)

They are all cyclical. Unless you have enough money to make short term returns, there's no point.

Poppycock!

What does 'cable' mean?

GBP/USD = cable
EUR/USD = euro
USD/CHF = swissy
USD/CAD = loonie
GBP/JPY = guppy

HTH