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Investing money

  • 30-06-2004 3:31pm
    #1
    Drexl Spivey
    Registered Users, Registered Users 2 Posts: 528 ✭✭✭


    Hi lads,

    I have no idea about investing money.

    What bank and what type of investment would you choose if you had 5000/6000 euro to invest in order to get a profit in the short or middle term ?

    Is it possible to calculate the amount of money I would get after the period has elapsed ?

    I saw that you can invest your money for 6 months, even 3 months.


    Thanks for your valuable help

    :)


Comments

  • #2
    Selik
    Registered Users, Registered Users 2 Posts: 1,678 ✭✭✭Selik


    Invest your money in one of the Banks in this country. They're as safe a bet as you will get and you will get a nice dividend twice a year - worth about €300- €400 with your mooted investment amoun. This is more than you will get by having the money on deposit, even with Northen Rock

    They have the best account available with a rate of 2.6% for their online demand account...

    Of course your shares could drop but I would confidently predict that they won't! As well as that shares are very liquid and can be sold practically whenever you want.


  • #3
    eth0_
    Registered Users, Registered Users 2 Posts: 10,846 ✭✭✭✭eth0_


    Sign up with Cahoot.com if you have a relative/friend with a UK address. On the application site just lie and say you've been at that address for three years. And bang! A rate almost twice as good as *the* best rate you'll get in Ireland for that amount of money.


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