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Q:
I will shortly be selling my house and moving to Germany. I would like some advice on how to get the best exchange rate on the money from the sale of my house into euros and transferring the money to a bank account in Germany, or if you could give me an idea where I could get the information I need.
J Emerson, Hartlepool
A:
Jonathan Davis replies:
I always recommend that my clients go to specialist currency brokers for this
type of transfer. If you ‘Google’ the words “currency transfer” (keeping the double quotation marks), you will find a host of firms offering low-cost services.
For this type of transaction, I would think it appropriate to telephone three or four to gauge the savings compared to high street banks, to whom we would normally think of for these transfers. You might also consider a firm we know to be competent in this area, Caxton fx – more details at www.caxtonfx.com.
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Disappearing trust
15 August 2008 [0 comments]Q:
I wish to draw your attention to the ‘Resources Investment Trust’, which is listed in What Investment in the sector entitled ‘Specialist: Liquidity’. In fact, this trust should be in the sector entitled ‘Specialist: Commodities & Natural Resources.
The trust was correctly listed in ‘Specialist: Commodities & Natural Resources’ up to and including August 2007, issue 293, but in the next issue, September 2007, it had been moved to ‘Specialist: Liquidity’.
Also, the performance figures in issue 302 of What Investment, May 2008, for the Resources Investment Trust appear to be somewhat excessive – far outperforming the Merrill Lynch World Mining Trust. Are you certain that these figures are accurate? The reason I query the figures is because I have seen performance figures for these trusts in
other publications where the Resources Investment Trust mostly underperforms the
Merrill Lynch World Mining Trust.
Derek Crawford
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