I've moved from the US to the UK, now what to do with my money?
January 15, 2014 10:11 AM Subscribe
I've recently moved to the UK, but I still have about $160k in dollars from the sale of a house and savings. I'd like to invest this money, which is currently sitting in a US savings account, but I'm not sure if I should do so in the UK or in the US. I plan to stay here for the long-term (probably will eventually become a citizen).
posted by anonymous to Work & Money (8 answers total) 4 users marked this as a favorite
I'm concerned that by exchanging my dollars for pounds that I will lose a lot of money. No UK banks will tell me their exchange rates over the phone, not even my own bank. I haven't had any luck finding this information online, either. I'm thinking of talking with an independent financial adviser, but I think they are more familiar with how to invest money once it is here, and I want to know if that is worth doing. I'm not sure where to go to get the best information and I'd like to hear what others may have done or who might be able to help me make such a decision. Thanks!