sharetrader
Page 8 of 8 FirstFirst ... 45678
Results 106 to 110 of 110

Thread: BeeBop does UK

  1. #106
    Ignorant. Just ignorant.
    Join Date
    Jan 2005
    Location
    Irresident
    Posts
    847

    Default

    Quote Originally Posted by Joshuatree View Post
    Thanks give us a heads when the timing and exchange rate are right.
    Currently:

    CU71.L on Yahoo! at GBP103.49
    IBTL.L on Yahoo! at GBP4.1133
    GBP/USD on Yahoo! at USD1.2837

    You now have the data, human - time to take a deep breath and enter the matrix. . . .
    Last edited by GTM 3442; 23-11-2019 at 10:56 PM.

  2. #107
    Ignorant. Just ignorant.
    Join Date
    Jan 2005
    Location
    Irresident
    Posts
    847

    Default

    Quote Originally Posted by Joshuatree View Post
    Thanks give us a heads when the timing and exchange rate are right.
    Currently:

    CU71.L on Yahoo! at GBP103.49
    IBTL.L on Yahoo! at GBP4.1133
    GBP/USD on Yahoo! at USD1.2837

    You now have the data, human - time to take a deep breath and enter the matrix. . . .
    Last edited by GTM 3442; 23-11-2019 at 06:02 PM.

  3. #108
    Senior Member Toulouse - Luzern's Avatar
    Join Date
    Feb 2002
    Location
    Wellington, , .
    Posts
    893

    Default Is the matrix correct?

    Quote Originally Posted by GTM 3442 View Post
    Like you, BeeBop, I have a use (a need even) for pounds for use in the UK .

    So, having decided that Iím going to have pounds, the question becomes where do I hold those pounds as they accumulate...


    The exchange rate is important

    I know the average value of my pounds in USD, and itís relatively easy to construct a matrix of fund price and exchange rate which you can plug into a spreadsheet to tell you the effect of the combination of exchange rate movements and fund prices, which gives you entry, accumulate, decumulate, and exit points. After all, if the GBP/USD goes from (say) 1.21 to 1.29, your fund is worth a whole lot fewer pounds!


    GBP/USD rises, Fund price rises
    GBP/USD rises, Fund price falls
    GBP/USD falls, Fund price rises
    GBP/USD falls, Fund price falls

    So to summarize Ė pick your asset class, pick your duration, pick your vehicle, and work out what the effect of currency movements will be, and do daily data entry.

    And never forget that timing and exchange rate are incredibly important
    Looking at the matrix, it does not look correct.

    What do you think.

  4. #109
    Ignorant. Just ignorant.
    Join Date
    Jan 2005
    Location
    Irresident
    Posts
    847

    Default

    Quote Originally Posted by Toulouse - Luzern View Post
    Looking at the matrix, it does not look correct.

    What do you think.
    Dunno.

    My immediate concern is with the result of the upcoming UK election, and whether to buy the FTSE in dollars, the S&P in pounds, or to sit on my hands until B-Day.

  5. #110
    Ignorant. Just ignorant.
    Join Date
    Jan 2005
    Location
    Irresident
    Posts
    847

    Default

    Well, I had a short detour to look at Brazil, but the rocketing IBOVESPA is balanced by the plunging real, so no, nothing to see here, move along please.

    In the UK, with the strengthening pound, it seems as if a short-term punt on the FTSE100 in an ETF denominated in USD is in order.

    I'm anticipating a Conservative victory in the election with a small but workable majority, and a subsequent euphoric rally in the FTSE and the GBP.

    Fingers crossed.

    On the other side of the world, the Australian bank term deposits are coming due, but the current Australian TD rates aren't worth having. So I think I'll ship the AUD to Luxembourg and put them into an Australian government bond ETF. No change to the asset allocation, no change to the currency diversification either. And with the RBA looking likely to cut rather than hold the equivalent of the OCR, there's the possibiity of a small uptick in price.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •