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What are the Best shares to buy?

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Comments

  • Closed Accounts Posts: 1,509 ✭✭✭Tiesto


    Yeah i guess thats an element.
    I'm thinking though that the GBP is only gonna grow stronger vs the euro
    So ill get more euro's back when selling..


  • Registered Users Posts: 2,436 ✭✭✭ixus


    Tiesto wrote: »
    Yeah i guess thats an element.
    I'm thinking though that the GBP is only gonna grow stronger vs the euro
    So ill get more euro's back when selling..

    So you're doubling up/down ;)

    GBP v Euro has gone from about 0.93 to 0.875 since April. (+6%)

    FTSE has gone from about 4000 to 4400 since April. (+10%)

    The DAX (German) has gone from approx 4000 to 5000 since April. (+25%)


  • Closed Accounts Posts: 1,509 ✭✭✭Tiesto


    dont get u


  • Registered Users Posts: 2,436 ✭✭✭ixus


    If you used €1000 to buy the FTSE last April, you would have bought the FTSE at £930 at 4000. It's now worth 4400 and your conversion is 0.875 now.

    So, the money you converted has gone up in value; and your shares have gone up.

    But, if you compare them to the Germand index, with no currency risk, you would have earned more.


  • Closed Accounts Posts: 1,509 ✭✭✭Tiesto


    ok i get you now
    thanks for the explanation.


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