Thursday, 6 November 2008

Obsessed with Forex

Since we've agreed to buy this boat, I've become more addicted to checking the exhange rates between the UK and Sweden than a 16 year old to Facebook. With these turbulent times and the UK's finances going down the toilet, the price that we've agreed to pay is fluctuating wildly (we're talking about hundreds of pounds a day). I'm like a horribly addicted gambler feeling pleased at making £250 only to hit rock bottom when the pound tumbles 3 hours later. This must be what bankers feel like all the time right now.

So lesson learned: If you're buying a boat overseas (particularly during turbulent economic times) - Plan for the boat costing 10% more than you expect before considering all the other stuff like surveys, registration, tax, etc etc.

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