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newbie question

  • 19-07-2007 12:10pm
    #1
    rubastar
    Closed Accounts Posts: 21 ✭


    hey guys, just wanted to get a little advice. I have very little knowledge/information on banking or investments but due to unfortunate circumstances, I have received an inheritance and have no clue what to do with it. I received about 100,000 but I don't want to be stupid about it and waste it as I don't really consider it mine as somebody else had to work hard to make that. I'd like to find out a few options for the meantime where I can put it until I decide what's best for it ie which bank accounts etc.
    Thanks in advance


Comments

  • #2
    tHE vAGGABOND
    Registered Users, Registered Users 2 Posts: 6,693 ✭✭✭tHE vAGGABOND


    Go into your bank and ask to speak to an advisor there - that is your first step..

    While the advice they will give you will be biased, you will find out any legal things you may need, or any things you can do to minimise tax, max return etc etc..


  • #3
    MortgageBrkr
    Closed Accounts Posts: 11 ✭MortgageBrkr


    Hi,

    You could refer to askaboutmoney.com


  • #4
    Goodluck2me
    Registered Users, Registered Users 2 Posts: 5,404 ✭✭✭Goodluck2me


    Pm me? :D
    seriously get a financial advisor, check the internet for options like stocks and shares although i wouldnt advice diving into to investments without advice. search for the best rates.


  • #5
    Ogham
    Registered Users, Registered Users 2 Posts: 1,844 ✭✭✭Ogham


    In the short term while you are deciding where to invest or spend this lump sum - the best place to put it is Northern Rock's online account paying 4.5% interest.
    You may need to put it into your current bank (assuming you have one) and then write a cheque to open a Northern Rock account.
    Their website gives you all the info.


  • #6
    rubastar
    Closed Accounts Posts: 21 ✭rubastar


    goodluck2me wrote:
    Pm me? :D

    Sure, send me a photo and I'll think about it! :p

    thanks for the advice guys, will check those out.


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