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I'm digressing a bit here but I started with Rands and bought a fair amount of Dollars last week but now I'm looking at buying Sterling with the Dollars with the rate at the moment down to $1.23 to the pound the lowest it's been for years if not ever would you go this route or stick with the Dollars?

My aim is to buy ETF's in Dollars offshore but looking at the Sterling price at $1.23 it's attractive and would just buy the ETF's in Sterling and most of the analysts are saying Brexit is already built into the price and it should be bottoming soon but if I'm going to buy then I'd do it now as a few more cents drop in the rate won't make much difference.

Any opinions? Thanks in advance

USD at R13.47 looking good. Let's hope it stays here or goes lower by payday next month. That'll be my last offshore batch for the year.

Where do you guys think the USD is headed? Will it reach R12.50?

Fin24
//The rand has strengthened below key resistance at R/$13.50 and is now comfortably below the 50-, 100- and 200-day moving averages.

The rand’s momentum indicators are not confirming the rand’s new lows versus the dollar and therefore a sustained break below R/$13.20 is unlikely.

The rand must break above R/$13.60 to indicate that the bottom has been reached.//

It is now 13.80.


The Rand is way over R14/$ now so would you say the bottom has been reached and it will get weaker from here?

Also, if given the choice would you buy dollars, sterling or probably less of a choice, euros?

With the Rand at these levels firstly where do you think it will bottom?

Would you be selling your STXIND/CORONATION ETF's to buy either dollars, sterling or euros in order to capitalise on the Rand weakening by year end or is it too much of a gamble?

Opened an acc with Degiro today after reading this review online:

moneygrower.co.uk/2015/06/degiro-a-review-of-uks-cheapest-investing-platform/

I haven't looked at De Giro, but I'll take a quick look. When I compared I found interactive brokers to be the cheapest.

Do you have a UK bank account? I'm looking for a cost effective offshore account option for someone in my family who doesn't have the ability to travel and open one.

Patrick, I have an acc in the UK with Nationwide and they have always been very efficient and provide good service and attend to any queries immediately not sure how you open an acc from here as I am originally from the UK and go back frequently but would recommend them

I was in investment properties for some time and coupled with the market being slow and incurring problem tenants I decided to sell up and use the funds in the stock market where results over the last two years have been steady at best and it got me thinking a few weeks ago of precisely what is being discussed on here in that the equity tied up in your abode(where you live)  you will never see unless you sell and enjoy the proceeds and rent a property to live in. If it's your goal to leave the primary property to your kids then as has been stated previously you'll never enjoy the money!

A mate of mine sold his house a few years ago making a good profit and bought a small new build 2 bed house that he and his wife are more than happy with and now they spend their retirement travelling overseas 2 or 3 times a year and this is my plan so I'm in my early sixties now with no kids and I've decided to put my abode property up for rental it's on the Blouberg beachfront and my partner and I have decided we both want to live on a golf estate so we're going to give it a go and my rental income will cover the golf estate rental therefore my abode property is working for me and if we like the new lifestyle then I'll view the abode prop as an investment and probably sell in a few years when the time is right to fund that retirement lifestyle I dream about!