If you had 50k to invest.........

golfdiva

Hi All

My Dad has been made redundant recently and has €50,000 to invest. Anyone suggest a place where he would get the best return. Short term and good capital safety.

What would you do if you were in his position ?

pocketdooz

One thing to look at for capital preservation and growth would be the Anglo or Irish Nationwide lump sum saver accounts for 12 months.

They are the highest paying in the country - they pay 3.50% p/a - with Anglo you can take out 10% with no penalty, I.N. I'm pretty sure you are locked in for the year.

Minimum is 20,000 - 3.50% does not sound like a lot but with negative inflation it effectively works out to be more.

If he has no job and that is his lump sum it's wiser to look at capital preservation than growth at the moment given how volatile everything is (IMO).

Good luck.

(Edit to say you need to figure in tax etc too and figure out if these accounts are protected by the govt. guarantee).

displaced dub

put it into Anglo, its basically the irish government bank.

Do not forget the DIRT you pay is taken at source, or at least thats my experiance of anglo.

i work it as follows you will get €1750 interest after a year less i think €350 tax leaves you with €1400 interest.

not a lot for a year but i wouldn't put it into the markets with the current issues that they currently have.

stepbar

It really depends what age he is. I'm not sure if he would be able to do an AVC to take account of any tax allowances during the year. Other than that I would be looking at a high yielding deposit a/c.

zhiruiwang

There is no way to do a short term investment. Long term and safety? Put the money into the bank.

gor93

<snip>

argosy2006

http://www.racinginvestor.co.uk/ he likes to gamble lol?

gor93

the irish porn industry is growing rapidly

Navy1

Hi.
The Post Office is paying 21% interest on a 5 and a half year investment, or 10% interest on a 3 year investment.
Upside is there is no DIRT tax to be paid on your interest accrued and it is 100% safe.
Downside is you can't access it at any stage until it matures.

Bytheway

Ya post office is the best bet, but I can't do it.......4% a year. Asian Citrus Holdings are a solid investment for anyone who wants less risk and good profit.

GKP has spoiled me

Navy1 wrote: »

Hi.
The Post Office is paying 21% interest on a 5 and a half year investment, or 10% interest on a 3 year investment.
Upside is there is no DIRT tax to be paid on your interest accrued and it is 100% safe.
Downside is you can't access it at any stage until it matures.

Lexus1976

3yr Fixed Term Deposit Account Offer
10% over 3yrs with an AIB Fixed Term Deposit Account (3.226% A.E.R.)


http://www.aib.ie/personal/savings/fixed-term-deposit?c_id=home&ad_id=ad36

Fighting Irish

I just got gross 2.1% on my money for a 3 month term in the EBS

1.575% after dirt

InReality

bank shares. safe and sound ....

oops