Let's just say that....

[lance]

I was just going to say the same thing Keith ,you took the words from my mouth .

[barry44544]

He who dares Rodders, He who dares.....

[SuzzPuss]

Be a bit careful to read the small print on those balance transfer offers.  You're OK if you never use the credit card but as soon as you start using it a lot of them start charging you interest whether you pay off what you've spent or not.  Either read the small print carefully or never use the card.

[Hamlet]

Stuff investing, just enjoy spending it

[Gary-O]

You shouldn't be to happy with a 2 beer profit Steve. 2 beers = 12 tl

This means you have a nett total sterling value of £10,004.33 using Jim's 2 beer profit.

But an increase in exchange rate of +0.01/£ - say from 2.76 to 2.77 over the entire year - takes your £10,000 investment 12 months ago from 27,600 TL back then, to a value of £ 9968.23 (27,612 TL/2.77) on re-exchange to sterling. So, for every 1 kurus increase in TL/£ exchange rate, you lose far more than the two beers you gained

Disclaimer: Exchange rates go up when you are going on holiday and down when you need pounds.

Keith, you forgot that when buying back a currency the rate is higher normally by 4 or 5 points.

Presently The Doviz rate is £1 = 2.755 Lira but you have to give 2.80 lira to buy a pound, therefore 27,612 / 2.80 = an even bigger loss 

[SteveJ]

Sod it - I'll buy my own beers