Protect my great British Pounds...
What is the impact of the falling British Pounds to our daily lives?
According to our Ex Chancellor of the Exchequer UK, Phillip Hammond, the no-deal Brexit is economic suicide. This will impact the increased cost of leaving with increasing fuel price, food and services. In the past two years, the supermarket has been increasing prices of imported food in various high street supermarkets. According to the BBC report, UK import 30% of food from the EU and 10% from the rest of the world. With the Great British pounds depreciating every day towards Brexit, our food will get more and more expensive.
Have you received a huge pay rise at work or business to compensate for increasing cost and depreciating pounds?
No to this old-school methods!
1. Buying Foreign Currency?
It is too late! There is no point trying to speculate if the pounds will fall further or even recover slightly. If you were Nostradamus, you would have bought plenty of US$ just before the Brexit vote 2 years ago. Make the 25% diff and invest in the money in the US Stock market and make another 50% further.
2. Investing in depreciating Properties?
This is only possible if you have a lot of savings which you are willing to part and invest in another home for rental investment. However, with the HMRC slapping restriction and additional taxation on a second home on a buy-to-let, it is no longer a lucrative business. Only property prices beyond the £800,000 (without Stamp Duty) mark in London may still be a lucrative business since there is a demand for rental in good area schools.
3. invest in Stocks & Shares?
4. Should I buy Gold?
My Answer is CRYPTOCURRENCY!
What is Cryptocurrency?
My Recommended Online CryptoCurrency Broker!
After my research and speaking to a few key players within my professional network, I have opted for a company called CoinBase. Four reasons why I have decided to bank my money with CoinBase.
1. Ease of Use
2. Security Feature
3. No Long Chain Password
I do not need to remember super-duper long chain wallet numbers.
4. Major CryptoCurrency
We Both Will Make Get Free US$10 If You Use This Link!
What have I invested in?
The Reason Why CryptoCurrency is in Demand!
Personally, the UK will not fall into any of the three categories, but I am taking the risk to take a plunge into Crypto Currencies as a new diversified investment.
Using falling Great British pounds to buy Cryptocurrencies at it is low priced just now. There is only one way and its UP!