So i have 20k to invest

invincibleirish

Hi there, ive 20,000 euro coming to me soon. and im not sure what to do with it, its been in an investment account for 5 years (it was 15K), one option is to put it away again for another 5 years, but what else is out there.

btw im a 22yr old student with zero experience of financial matters or large transactions, im just wondering what can i do investment wise with this money, would it be a good idea for instance to split it up into say for example 4 lump sums of 5k and put them into differenr accounts or something?

xebec

There's been a few similar threads on this topic over the last week or two. Take a look at those and then come back if you have more specific questions/ideas.

Trapattoni

We're all different but if I had that kind of money to spare I'd probably put half of it in a high interest savings account (theres a few nice ones out there)...and use the other half to buy shares in one or two of the top financials.

Depends on a few things, Buying shares in Financials you'd really want to be looking to leave it there for at least 3-5 years but the potential is huge. I'd look at investing more than half but theres an awful lot of uncertainty all over equity (stocks/shares) markets for the past 6 months and although theres a lot of stocks that appear to be very much undervalued it's still high risk to invest in anything now.

ps. If you dont have any experience with investing I would also be inclined to suggest you dont invest it at all until things settle down.

aliqueenb

i say just put it back into the bank for another 5 years...that or invest it it wine lol!