Author Topic: Keep my money in turkey or get it home?  (Read 4148 times)

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Offline marshy

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Keep my money in turkey or get it home?
« on: April 28, 2016, 07:03:23 AM »
Hi All,
  Looks like we've just sold our little piece of heaven.
I noticed that Lira has signs of strengthening...do I keep my property sale money in my Turkish bank for now or get it out??

Phil.



Offline keng38

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Re: Keep my money in turkey or get it home?
« Reply #1 on: April 28, 2016, 08:09:43 AM »
Might even worth waiting until near the referendum election as I'm sure the pound may weaken. (I wouldn't wait for the result though as it could rocket either way)

Offline JohnF

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Re: Keep my money in turkey or get it home?
« Reply #2 on: April 28, 2016, 11:17:03 AM »
I noticed that Lira has signs of strengthening...do I keep my property sale money in my Turkish bank for now or get it out??

It strengthened to 3.99tl to the pound a few weeks ago, its been steadily weakening since then.

Leaving money in a weakening currency doesn't sound too clever to me.  On the other hand, the pound may bomb and you'll make a fortune.

Heads or tails?

JF

Offline KKOB

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Re: Keep my money in turkey or get it home?
« Reply #3 on: April 28, 2016, 12:23:07 PM »
Phone a friend ?  ;)

Offline Colwyn

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Re: Keep my money in turkey or get it home?
« Reply #4 on: April 28, 2016, 14:26:42 PM »
You don't say why you want to leave money in Turkey now that you have sold your property there but if you are nervous about it you might spread the risk = leave some and take the rest home to the UK.

Offline davybill

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Re: Keep my money in turkey or get it home?
« Reply #5 on: April 28, 2016, 15:07:12 PM »
I had 4.10 to the pound at Seker bank this morning, and also getting 12.oo per cent
in my monthly account so could you be happy with that,

Offline marshy

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Re: Keep my money in turkey or get it home?
« Reply #6 on: April 28, 2016, 15:51:34 PM »
     Were looking at moving permanently poss next year and want something bigger or more homely/private.
All depends if we have enough in the bank after selling up to be able to live off some of the interest.
Will be working in the UK for 3 months of the year and trying to save most of that money to leave the banked money alone as much as poss..

Offline kevin3

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Re: Keep my money in turkey or get it home?
« Reply #7 on: April 28, 2016, 17:29:36 PM »


  Whatever you decide on, I admire your decision to change and improve your lives. I wish you well.

Offline marshy

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Re: Keep my money in turkey or get it home?
« Reply #8 on: April 29, 2016, 06:58:30 AM »
Thanks Kevin,
  Scary but also exciting!!
You only live once..as they say!
Life is not a rehearsal....
Your a long time dead!

And all the Other Cliches!!

Offline kevin3

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Re: Keep my money in turkey or get it home?
« Reply #9 on: April 29, 2016, 08:19:57 AM »


  My kids have thrown all of them, and more at me and there's a lot of truth in there. Far more positive than "If only's "    ;)




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