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how to get the best return on money

  • 06-03-2008 9:03pm
    #1
    freebird23
    Closed Accounts Posts: 113 ✭✭


    hi i have some money that i can put away for some time and still live comfy to me its a large sum and i would like to get a good return on it b4 i touch it. any help would be great thanks.


Comments

  • #2
    portomar
    Closed Accounts Posts: 507 ✭✭✭portomar


    freebird23 wrote: »
    hi i have some money that i can put away for some time and still live comfy to me its a large sum and i would like to get a good return on it b4 i touch it. any help would be great thanks.

    this is getting tiresome. not your fault freebird, its just every couple of days we get basically the same post, saying "i have a lump sum and want some advice on what to do with it" maybe the mods have an idea on how we can do this better? maybe a sticky like "investment decisions for a lump sum"

    as for you question freebird, theres a fair few discussions on this board about similar questions to your own, scroll down and see. the debate is between wheter stocks are "cheap" at the moment. also, my own view would be to stay away from managed funds if you want to go into stocks, buy an ETF (exchange traded fund) which is essentially a share that is made up of shares in other companies.i think there is an irish financials etf which would hold shares in aib boi, anglo etc. no ongoing fees, just stamp duty and the initial fee.


  • #3
    freebird23
    Closed Accounts Posts: 113 ✭✭freebird23


    thanks sorry about the repeat tread


  • #4
    FA
    Closed Accounts Posts: 15 ✭FA


    Best bet is Anglo if you are looking for a deposit, you will get around 4.75 -5%.

    If you are looking for something with a bit more of a mix - there are hundreds of different funds available. From Property in China to Oil in SA - it depends on the risk and the time you want to put it away for. If you go the fund route - you should get upwards from 8% return.

    Let me know if you want further info


  • #5
    eggie
    Closed Accounts Posts: 880 ✭✭✭eggie


    The first questions you need to ask are to yourself.

    How much can i invest?

    For how long?

    Will i need access to these funds at short notice?

    What type of return am I looking for, over what time period? The higher the required return, generally the higher the risk you should be willing to take.

    Is it worth seeking professional advice? What experience do you have investing?


  • #6
    freebird23
    Closed Accounts Posts: 113 ✭✭freebird23


    thanks for the help i think professional advice is the way to go. maby i should go and talk to the bank manager.


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  • #7
    xebec
    Registered Users, Registered Users 2 Posts: 3,311 ✭✭✭xebec


    freebird23 wrote: »
    thanks for the help i think professional advice is the way to go. maby i should go and talk to the bank manager.

    Good idea, just be sure you're happy with the information they're telling you and not trying to talk up their own products. :)


  • #8
    Marathon_Man
    Closed Accounts Posts: 111 ✭✭Marathon_Man


    freebird23 wrote: »
    maby i should go and talk to the bank manager.

    Your local bank manager isn't going to give INDEPENDENT advise. If you walk into AIB / BOI or whoever they are going to recommend one of their products which may not be the best option depending on your circumstances.


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