Author Topic: Lira  (Read 52500 times)

0 Members and 1 Guest are viewing this topic.

Offline desmartinson

  • Sr. Member
  • ****
  • Posts: 2143
  • Location: Turkey
  • Banned
Re: Lira
« Reply #150 on: January 23, 2014, 18:03:32 PM »
Scott don't feel like that - any investment has made interest and while few of us are lucky enough to enter and exit at the optimum times (if any of us) you have the option to choose at least. I know of quite a few people who lost everything in Turkey. And that is literally everything.

If you see something rolling towards a cliff your human instinct is to grab it, not to get the deck chair out and hope it stops before the edge.
Excellent reply Keith.  :)



Offline Scott and Lisa

  • Full Member
  • ***
  • Posts: 469
  • Age: 50
  • Location: FOLKESTONE
  • Newly Registered
Re: Lira
« Reply #151 on: January 23, 2014, 20:01:23 PM »
Scunner I think I'm misreading your reply ( the written word and all that!) are you suggesting I wait? Or that Getting out is right? Or none of the above!

Offline Scunner

  • Chairman of the Bored
  • Administrator
  • Prolific Member
  • *****
  • Posts: 45714
  • Age: 58
  • Location: Perthchester
Re: Lira
« Reply #152 on: January 23, 2014, 20:39:12 PM »
It was more that gaining interest previously should help offset a certain amount of losses caused by exchange rate changes - the loss overall may not be as much as you think if you bail out now. Nothing ventured nothing gained, we could all have joined a day later/bailed a month earlier but few get it spot on.

Don't see it as a disastrous venture if you pull out now. And don't fiddle while Rome burns :o

Offline Scott and Lisa

  • Full Member
  • ***
  • Posts: 469
  • Age: 50
  • Location: FOLKESTONE
  • Newly Registered
Re: Lira
« Reply #153 on: January 23, 2014, 20:43:31 PM »
I see, thank you

Fiddle while Rome burns! What's that about!

Offline Scunner

  • Chairman of the Bored
  • Administrator
  • Prolific Member
  • *****
  • Posts: 45714
  • Age: 58
  • Location: Perthchester
Re: Lira
« Reply #154 on: January 23, 2014, 20:50:19 PM »


Fiddle while Rome burns! What's that about!

The source of this phrase is the story that Nero played the fiddle (violin) while Rome burned, during the great fire in AD 64.

There are two major flaws with the story. Firstly, there was no such instrument as the fiddle (violin) in first century Rome. There's no definitive date for the invention of the violin, or of its synonym as fiddle, but it certainly wasn't until at least the 16th century. If Nero played anything during the Rome fire, it was probably the lyre.

Secondly, the story may be completely false and Nero may very well not have neglected his duty at all. Nero died four years later, and we should remember that history is written by the victors. The historian Suetonius records the Nero was responsible for the fire and that he watched it from a tower while playing an instrument and singing about the destruction of Troy. Others record this story merely as a rumour.

By modern-day standards Nero certainly appears a bizarre character, but that doesn't make this story true. Roman scholars differ over interpretations of events surrounding the fire. The rivalries and conflicting accounts, even those in contemporary reports, make the 'fiddling' story uncertain.

Offline Karennina

  • Prolific Member
  • *****
  • Posts: 4590
  • Location: United Kingdom
Re: Lira
« Reply #155 on: January 23, 2014, 21:14:08 PM »
I have decided to stick and keep everything crossed and see what occurs in the next few weeks, if we lose it will mean I have to work for one more year but at least I have a choice unlike some poor folk...

Offline Kevin Sowten

  • Full Member
  • ***
  • Posts: 806
  • Newly Registered
Re: Lira
« Reply #156 on: January 23, 2014, 21:33:37 PM »
So if you are fortunate enough to transfer a large sum of money to Turkey at the peak exchange rate (say 6.0 ?)
and interest rates are then increased to curb the slide, you make more interest on the investment - SIMPLES !!!
Your only enemy then is inflation (offset by your investment interest)

Offline Scott and Lisa

  • Full Member
  • ***
  • Posts: 469
  • Age: 50
  • Location: FOLKESTONE
  • Newly Registered
Re: Lira
« Reply #157 on: January 23, 2014, 21:40:51 PM »
If we knew what the peak will it would be very easy

Offline Scunner

  • Chairman of the Bored
  • Administrator
  • Prolific Member
  • *****
  • Posts: 45714
  • Age: 58
  • Location: Perthchester
Re: Lira
« Reply #158 on: January 23, 2014, 21:43:49 PM »
The peak might be 1.5 million to the pound

Offline Kevin Sowten

  • Full Member
  • ***
  • Posts: 806
  • Newly Registered
Re: Lira
« Reply #159 on: January 23, 2014, 22:05:57 PM »
What will be will be (as Doris Day once sung)   :)
Given the choice of retiring at 60/55 or having to work till 70/65 to have an affordable retirement
I think we'll be risking Turkey in October.
(On the other hand we might forget Calis altogether and take that timeshare in Chernobyl that I
mentioned in a previous reply to the naysayers!!! )




Share me

Digg  Facebook  SlashDot  Delicious  Technorati  Twitter  Google  Yahoo
Smf