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20k, what to do with it

  • 18-10-2007 11:44pm
    #1
    Mint Sauce
    Registered Users, Registered Users 2 Posts: 29,293 ✭✭✭✭


    hey guys, have 20k, idealy to go on a deposit for a house, but with the current state of the housing market, looking to put it away for about 12 to 18 months to see if things stabilise, have seen a couple of accounts with BoI, seen the 18 month fixed bond, but only offers 6.75%, obviously longer terms gives you a higher rate, but dont want to be for any longer, any other investment sugestions, either one lump sum or splitting the money around various types of investment, has to be no risk

    not going to act solely on advice here, not going to sue any of ya's if it goes belly up

    ;)


Comments

  • #2
    xebec
    Registered Users, Registered Users 2 Posts: 3,311 ✭✭✭xebec


    irish-stew wrote: »
    has to be no risk

    Then go for a bank. Higher returns are gained from having risk in your portfolio.


  • #3
    Zascar
    Moderators, Motoring & Transport Moderators, Music Moderators Posts: 12,781 Mod ✭✭✭✭Zascar


    If it was me I would spread it widely in some of Rabo's Managed Funds...


  • #4
    moe_sizlak
    Banned (with Prison Access) Posts: 883 ✭✭✭moe_sizlak


    id stick it in shares in either kerry co op or glanbia , glanbia,s shares have doubled in the past yr and they will most likely double over the next 12 months , food markets are on fire right now as are all soft commodities


  • #5
    mike65
    Closed Accounts Posts: 88,972 ✭✭✭✭mike65


    http://www.thisismoney.co.uk/investing/article.html?in_article_id=423801&in_page_id=166

    Mike.


  • #6
    Thomas_S_Hunterson
    Closed Accounts Posts: 6,151 ✭✭✭Thomas_S_Hunterson


    moe_sizlak wrote: »
    they will most likely double over the next 12 months ,

    I think the op is looking for a risk-free solution.


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  • #7
    chump
    Closed Accounts Posts: 3,807 ✭✭✭chump


    moe_sizlak wrote: »
    id stick it in shares in either kerry co op or glanbia , glanbia,s shares have doubled in the past yr and they will most likely double over the next 12 months , food markets are on fire right now as are all soft commodities

    do not listen to this advice.

    I personally would avoid investing in a particular stock based on a 45 word plug.

    I would try and find the highest on demand deposit account, and I would set up standing orders (or just use online banking) for monthly deposits into one of the 7%+ savings accounts set up recently by pretty much every irish bank (they have maximum monthly deposits).

    Read askaboutmoney.com and use the search function for advice on this (irish financial forums)


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