BeeBop many thanks, will do.
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BeeBop many thanks, will do.
If you read my "chats" you will know that I am not based in NZ and I have distinct reasons for GBP.
As for government schools....many countries do not have the general privilege that NZ has with mostly fantastic schooling. If my kid was to go public here, she would be fully covered (except for face) and the international schools are an "expat bubble"....no dirt, no independence, and extremely restricted subject choices (great for a budding engineer, doctor, or lawyer, but not a budding farmer or "world famous actor/ress").
Prior to Brexit hitting the headlines, I did 'store" USD but now the chance to gather GBP has been too good. Further to that, buying NZD directly has been superb. Unfortunately, I am not a quick enough, nor smart enough, expert to figure out how to optimize my USD/GBP/NZD opportunities.
And yes, NZ residents are not doing as well. We were kind of encouraged off-shore as there were no good employment options for us unless we wanted to enjoy the "lifestyle". Just chatting to another academic who has finally decided to leave NZ's fair shores after decades of funding grant applications...offered a place in a great institution and no funding to apply for...get on with the job taking a longview.
So, I DON'T live in NZ and probably another poster or two (on this particular thread) do not live in NZ. But one day, our cash will come back, our spending will be there and hopefully I can return a well educated (at personal as opposed to tax payer cost) young person who believes they are going to work in the agricultural or marine sector.
By the way, I see your location is ChCh: I spent a couple of months there late last year - fantastic city now!
I like this thread - I always learn something.
Like BeeBop, I have an actual use for actual pounds to buy actual stuff, so this has been a good year to accumulate them.
I also hold other currencies as cash (AUD CAD CHF SGD and USD) - mainly as insurance against the arse falling out of the GBP or NZD (or indeed both).
No, the cash doesn't pay well (or pay at all for the CHF), but insurance always costs.
Thanks for the Investor's Chronicle it looks interesting, and I suspect we'll all need all the help we can get with the UK in the near future.
I wonder what next week will hold for Brexit. BeeBop is doing a little "family" holiday to the UK and Ireland.....crossing back from Ireland to Northern Ireland on the 31st (to avoid any issues)....on to London on the 1st.....Prepaid most of the holiday costs when the GBP was down at 1.23-1.24....we shall take any currency opportunities on offer
Must explore Whitbread shares again....as constantly using the Premier Inn chain....GBP30-40 per night, can't be beat, although I am sure my entire global human network partake in the PI T4 at Heathrow (even works well as a London base if One can be bothered with a 40 min underground journey costing GBP3.20): take that as a London travel tip and use SIXT rental car which is very close and saves using shuttles (but only ever book when you are on a UK VPN to ensure you don't get caught with the extra insurance charge on collection).
I wonder which way Brexit will swing?
Too many people have too much invested in Brexit for it to be allowed to come to come to any conclusion this early in the piece.
On the bright side, I expect your Vodafone UK SIM card will continue to work in Ireland and the rest of the EU just as seamlessly as it currently does for some time yet. . .
In the meantime, I have to decide what to do with a swag of pounds. GBP invested as GBP in the UK economy, or GBP invested elsewhere in the world in a GBP-denominated ETF or fund.
Possibly hedged by some other currency invested in the UK via a CHF/Euro/USD/whatever-denominated fund.
Or buy palladium again?
The possibilities are endless.
Travel safe.
What I particularly like about PI T4, apart from being able to keep your Airport luggage trolley in your room, is the range of discounts, specials & freebies available in the restaurant that the promise of a reasonable tip reveals.
I can recommend SIXT, Avis (I still get a special business rate from them) and Enterprise can be very competitive for medium term rentals.
Hi BeeBop.
Yes, good timing.
I have been dithering about those pounds, and have done nothing but think.
I have read and heard from a lot of people that come Brexit Day, the arse is going to fall out of the UK financial markets, and that the pound will sink like a stone.
I'm not so sure. I think that there is as much uncertainty in the air as there is pessimism, and I wouldn't be surprised if things went the other way - with a rise in the UK markets, or the pound, or both.
So there is a lump of pounds looking for a home. I'm just too undecided to take a bet on of what will happen should Brexit ever happen. Let alone a Labour victory in the upcoming election. I don't think Jeremy can win, but I do think that Boris can lose.
So I have the FTSE in pounds
VUKE Vanguard FTSE100
and also pounds in:
IH2O iShares Global Water ETF
IHCU iShares S&P Healthcare
VUSA Vanguard S&P500
Also Diageo (I'm trying to drink myself rich on duty-free whisky)
But I am looking at buying the FTSE in something other than pounds. . .
Have a great day
Spotted this today FYI: from citywire: “Biotech Growth (BIOG) has slipped to its widest discount in three years as shares in the underperforming investment trust fail to respond to a recent upturn in fortunes.The £335 million listed fund closed at 752p yesterday at a 10% discount below its estimated net asset value (NAV) of per share of 838.4p on Friday, according to Numis Securities.
In a note to investors this morning, Richard Harris of broker Cantor, highlighted the discount which he said was the result of ‘a rebound in NAV [net asset value] since early October’.
The discount is wider than the 7.4% average discount at which the trust has traded in the past 12 months. It gives BIOG a ‘Z-score’ of -2.3 which, if sustained, will likely put it in our ‘cheap’ list of this Friday’s Investment Trust Watch.”