[turbobaby]

Originally Posted by OfflerCrocGod

When people lie about the figures they get caught out.

Exactly. Enron lied and were found out. Lehman too. Greece lied. Same story. All these happened pretty quickly. I think it'll happen to the US. You don't. Let's just agree to disagree.

[maddragon]

Buy shares in McDonalds. 2.8% dividend this year and look at the graph of their share price since 1970.

http://finance.yahoo.com/echarts?s=M...urce=undefined

[RXMPS]

Originally Posted by Bearcat

Ok, my late mother left 50k each in a trust for my two sons to pay for their education. I'm paying their school fees but I've lost 20k of it f-ing putting it into an investment fund of euro business with AIB. I pulled out the other day but have made money previously with another fund so I'm quits. All investments are now highly speculative hence I'm in cash.

With the times we are in as a trustee to the lads who are in their early teens, I just want to put their money some where that will be 100% guaranteed so at 21yrs old they'll be in a good position to get on the life ladder and pay for my retirement the way things are going!...(joke). I neither want to commit the monies long term either.

Any thoughts off hand?

I wouldn't put any money into an Irish bank for the long term.

Know one know's what is going to happen with ous and the euro so it would be crazy to put a significant amount into an Irish bank.

What if we leave the Euro and your 100k get's devalued to 60k?

A good few european business that have been sold recently have agreed sale prices in US dollars, not Euro's.

IF I won the lotto in the morning know way would I leave it Euro's, I would be on a plane to america to open an account there and have it changed to US dollars.

[OfflerCrocGod]

Originally Posted by turbobaby

Exactly. Enron lied and were found out. Lehman too. Greece lied. Same story. All these happened pretty quickly. I think it'll happen to the US. You don't. Let's just agree to disagree.

They left the gold standard decades ago...

[turbobaby]

Originally Posted by OfflerCrocGod

They left the gold standard decades ago...

So did Greece.

What I was getting at is that confidence is lost very quickly.

[Sonnenblumen]

Originally Posted by RXMPS

I wouldn't put any money into an Irish bank for the long term.

Know one know's what is going to happen with ous and the euro so it would be crazy to put a significant amount into an Irish bank.

What if we leave the Euro and your 100k get's devalued to 60k?

A good few european business that have been sold recently have agreed sale prices in US dollars, not Euro's.

IF I won the lotto in the morning know way would I leave it Euro's, I would be on a plane to america to open an account there and have it changed to US dollars.

Isn't simply amazing how much blind faith people have in US$, few seem concerned at the mounting US debt c US 13.0 +Trillion, yes, that's a lot of billions, making € PIGS debt seem minor.

[RXMPS]

Originally Posted by Sonnenblumen

Isn't simply amazing how much blind faith people have in US$, few seem concerned at the mounting US debt c US 13.0 +Trillion, yes, that's a lot of billions, making € PIGS debt seem minor.

No other country in the world can generate revenue like the US.

Every country in the world is in debt, i am not an economist, but I do understand that, no goverment debt = no money.

[HowFinancial]

35% Stocks (25% blue chip/multinat brands in developed mkts, 10% emerging markets)
25% Bonds (5% sovereign, 20% Corporate)
10% Property
15% Commodities (energy, precious metals, industrial metals)
15% Cash ($, € & CHF)

Above asset split should give good starting point.
Unit linked investment products which give options to switch funds during investment term may also be of interest.

[saywhatyousee]

Buy a couple cases of Chateau Lafite Rothschild preferable 2003 or 2009 vintages they cost around 15000 for a case they increase on average 10% in value a year.There is always a market for rare fine wines especially when there rated a perfect 100

[clairedavies]

Originally Posted by RXMPS

What if we leave the Euro and your 100k get's devalued to 60k?

Gold is the greatest hedge against this - if you own gold and the euro gets devalued by 40% as the above example suggests you lose none of your buying power. The gold can be converted into the 'devalued currency', or any currency that you like for that matter.

Not forgetting the fact that if the euro were devalued in such a way the price of gold would inevitably rise... if we believe the history books anyway.

[Sonnenblumen]

Originally Posted by RXMPS

No other country in the world can generate revenue like the US.

Every country in the world is in debt, i am not an economist, but I do understand that, no goverment debt = no money.

Has China not replaced USA for top spot largets economy? US Govt deficit is enormous no matter what the US GDP is!