Can anyone give me investment advice?

Jonny69 · 23-04-2007, 11:09

Rumours are going round that now is a good time to invest in the US either in dollars or in shares in US companies. Favourable rates with the dollar mean we get a lot for our money right now.

I have a little bit sat in savings in a 5% account that I am slowly saving up to a house deposit in probably 2-3 years so I don't need it immediately but it would be nice to build it up a bit more than the interest rate if I have the opportunity.

I did a back of a fag-packet calculation and if I were to buy £6K of dollars at 2 dollars to the pound, wait for a year or 2 until it's like 1.8 dollars to the pound it might make me £650 not including transfer fees, commission etc. However I have no idea what costs are involved.

Can anyone advise what I might do with it?

23-04-2007, 11:09	#1
Jonny69 Noob Join Date: Oct 2006 Location: Socialist Republik of Kent Posts: 5,032	Can anyone give me investment advice? Rumours are going round that now is a good time to invest in the US either in dollars or in shares in US companies. Favourable rates with the dollar mean we get a lot for our money right now. I have a little bit sat in savings in a 5% account that I am slowly saving up to a house deposit in probably 2-3 years so I don't need it immediately but it would be nice to build it up a bit more than the interest rate if I have the opportunity. I did a back of a fag-packet calculation and if I were to buy £6K of dollars at 2 dollars to the pound, wait for a year or 2 until it's like 1.8 dollars to the pound it might make me £650 not including transfer fees, commission etc. However I have no idea what costs are involved. Can anyone advise what I might do with it? __________________