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21k to invest - advice appreciated

  • 28-12-2005 1:11pm
    #1
    YAPP
    Closed Accounts Posts: 68 ✭✭


    Hi Lads & Lassies

    re: rainey day fund....

    We have 20k+ saved upa over the last few years in a savings acc and
    lately we're thinking of invesring it some where to give us a quick return.

    its a eur20/wk job, expendable money for a rainey day, but now that its such an amout, were looking for a high ret in a short period, but with limitd high risk att.....


    any advice out there.....
    :confused:
    sean


Comments

  • #2
    Dampsquid
    Registered Users, Registered Users 2 Posts: 687 ✭✭✭Dampsquid


    Put it into a savings account with Irish Nationwide. You might qualify for 10/12k payout when they demutualise next year. you'd want to be quick though.


  • #3
    Shep Smythe
    Closed Accounts Posts: 40 ✭Shep Smythe


    Dampsquid wrote:
    Put it into a savings account with Irish Nationwide. You might qualify for 10/12k payout when they demutualise next year. you'd want to be quick though.

    How quick would you need to be?

    What's demutualisation?

    S


  • #4
    daveirl
    Closed Accounts Posts: 14,483 ✭✭✭✭daveirl


    This post has been deleted.


  • #5
    CCOVICH
    Closed Accounts Posts: 240 ✭✭CCOVICH


    YAPP wrote:
    were looking for a high ret in a short period, but with limitd high risk att.....

    Not possible IMHO.


  • #6
    cormie
    Registered Users, Registered Users 2 Posts: 20,844 ✭✭✭✭cormie


    Dampsquid wrote:
    Put it into a savings account with Irish Nationwide. You might qualify for 10/12k payout when they demutualise next year. you'd want to be quick though.

    Is this definitely happening and when do you reckon is the cut off point? What is the minimum you need in your account to qualify for shares and how long must your account be open for in order to qualify to you know?


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  • #7
    Beta2
    Closed Accounts Posts: 199 ✭✭Beta2


    cormie wrote:
    Is this definitely happening and when do you reckon is the cut off point? What is the minimum you need in your account to qualify for shares and how long must your account be open for in order to qualify to you know?

    Yea i'm really interested to hear more too


  • #8
    CCOVICH
    Closed Accounts Posts: 240 ✭✭CCOVICH


    For more info on Irish Nationwide, this thread on Askaboutmoney may be of interest/use.


  • #9
    IvaBigWun
    Banned (with Prison Access) Posts: 5,368 ✭✭✭IvaBigWun


    CCOVICH wrote:
    For more info on Irish Nationwide, this thread on Askaboutmoney may be of interest/use.

    Too late from the night before to read all that ;)

    Could anyone tell me in laymans language - if I put 10K into it Tuesday will I get a return?


  • #10
    RainyDay
    Closed Accounts Posts: 6,925 ✭✭✭RainyDay


    IvaBigWun wrote:
    Too late from the night before to read all that ;)

    Could anyone tell me in laymans language - if I put 10K into it Tuesday will I get a return?
    In all fairness, for a 10k investment, you really need to spend the 5-10 minutes it will take to understand the issues. It's not a black & white issue - read the thread (which is really in laymans language already), then make your decision. Please don't make 10k investments based on posts on any bulletin board.

    To get back to the original poster, you won't get a high return over a short period without taking on high risk. When are you going to need this money? What's your overall financial position - mortgage? property? pension? income?


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