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STOCK

  • 26-11-2008 2:38am
    #1
    danny_01
    Closed Accounts Posts: 1 ✭


    I've got €1000.00 freed up by a loan I'm looking into putting this into a long term portfolio would this be a good idea with the recession going on buying cheap share and selling them in say 5 to 8 years ?
    Should i just keep it where it is?
    Any suggestion on what would make €1000.00 grow quicker would be great


Comments

  • #2
    EKRIUQ
    Registered Users, Registered Users 2 Posts: 4,387 ✭✭✭EKRIUQ


    Do you mean €1000.00 ( one thousand) or €100,000( 100 thousand) ?


  • #3
    R3al
    Closed Accounts Posts: 303 ✭✭R3al


    You are sensible in taking a long term view to any investment in the stock market, historically shares are very cheap at the moment but the reason for this is that the future doesnt look very bright for many firms and the next couple of years are going to be tough with a number going to the wall.

    I would recommend doing your homework on any firm that you want to invest in and try to stay away from those with heavy debt such as yell group as these are the most likely to suffer during the credit crisis and a downturn in trade.


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