Investing €15,000 euro.

Marcus_Crassus

Firstly, I know you probably see a thread like this every week so apologies.

I have amassed about €17,000 over the last while and was thinking of investing €15,000 of it. I am fully aware that by investing it in commodities or stocks that I could lose it, but I am willing to take that chance. I have little experience in this field, so that's why I am here.

Any suggestions as to where I should place this cash?

I currently have €8,000 in prizebonds (I'd be willing to take that out - I did win a small amount twice though) and the remainder just sitting in my bank account.

Thank you.

displaced dub

Marcus_Crassus wrote: »

Firstly, I know you probably see a thread like this every week so apologies.

I have amassed about €17,000 over the last while and was thinking of investing €15,000 of it. I am fully aware that by investing it in commodities or stocks that I could lose it, but I am willing to take that chance. I have little experience in this field, so that's why I am here.

Any suggestions as to where I should place this cash?

I currently have €8,000 in prizebonds (I'd be willing to take that out - I did win a small amount twice though) and the remainder just sitting in my bank account.

Thank you.

is this post because BOI jumped 40% yesterday? As most of these seem to come straight after a big bank jump

turbobaby

Gold and silver related assets, except the SLV ETF. Nothing else. Armageddon ahead.

WildBoots

turbobaby wrote: »

Gold and silver related assets, except the SLV ETF. Nothing else. Armageddon ahead.

Some oil/gas and agricultural stocks wouldn't be a bad idea either.

mox54

buy €17,000 of winter tyres from europe cheap and sell next winter at a premium! easy otherwise stuff it under the matress:P

arrowloopboy

Go educate yourself,its a bad plan taking investment advice from guys on a forum that couldn't care less if you lose all your money.
Leave your money where it is,relax yourself,read a few books,its not that hard,then if you lose ,at least you lost it yourself,without getting rode by a middle man/fund manager.

You might actually enjoy yourself and learn something into the bargain.

arrowloopboy

mox54 wrote: »

buy €17,000 of winter tyres from europe cheap and sell next winter at a premium! easy otherwise stuff it under the matress:P

Mightn't work great Mox,theirs lots and lots of chancers going into the winter wares market after what happened this year,God love em if we get no snow next year:p.

mox54

I was actually taking the pi€€, previous post regarding taking investment advice is sopt on, you'll be led down a blind alley for a mugging!:eek:

poodles

Marcus_Crassus, take a look at Range Resources and Red Emperor Resources (more risky)

Next few months should be transformational for them if all goes well with upcoming drills.

Low Energy Eng

turbobaby wrote: »

except the SLV ETF.

Any particular reason to avoid this?

jank

Depends on what you are after. Are you after growth of about 10% a year or looking for that small mid cap stock that could shoot up by 500% or down by 99%?
If you are new I would recommend some blue chip stocks such as Rio Tinto, BHP, Unilever, Nestle, Tesco and so one.
If you are after big gains in small caps then I dont know but look east and in Australia

Most of all read up and stuff.

turbobaby

Low Energy Eng wrote: »

Any particular reason to avoid this?

Because JP Morgan are the custodian, and the rise in silver prices will wipe them out due to their massive silver shorts.

It has many "get out clauses" in the Offering Memorandum allowing them to get out of paying you in actual silver under many conditions.

It does not hold the amount of silver it should.

A google / youtube search will give you more concise and detailed information.

Sprott's Physical Silver ETF would be a better choice, although last time I checked it was trading with about a 20% premium over its NAV.

Here's a very interesting video.

http://www.youtube.com/watch?v=_-dBQd16cvg&feature=player_embedded

Low Energy Eng

turbobaby wrote: »

Because JP Morgan are the custodian, and the rise in silver prices will wipe them out due to their massive silver shorts.

It has many "get out clauses" in the Offering Memorandum allowing them to get out of paying you in actual silver under many conditions.

It does not hold the amount of silver it should.

A google / youtube search will give you more concise and detailed information.

Sprott's Physical Silver ETF would be a better choice, although last time I checked it was trading with about a 20% premium over its NAV.

Here's a very interesting video.

http://www.youtube.com/watch?v=_-dBQd16cvg&feature=player_embedded

Thanks,

I've bought the following precious metals stocks through Rabo which seems to act like a broker for JP Morgan;
PDF;
http://www.rabodirect.ie/binaries/profile_F0GBR06P47_tcm30-51112.pdf
I'm a bit concerned about JPM's short position on silver, I'd imagine their stocks have the same terms and conditions as the ETF/ishare from the vid?

They've been performing well none the less though

zoom_cool

Beleive it or not Nuclear stocks eg. (code URRE) are at a all time low which could rise alot over next 18 to 24 months look at bloomberg full of good information.

zoom_cool

Also another bit of advice split up your investment into different areas as the markets are very voliatile at the minute

irishh_bob

poodles wrote: »

Marcus_Crassus, take a look at Range Resources and Red Emperor Resources (more risky)

Next few months should be transformational for them if all goes well with upcoming drills.

we,ve been hearing the same sh*te about petroceltic for mths and its gone nowhere only down

Thargor

Yeah, except for the fact that Range and RMP have increased by more than 400% and 180% in the last year, what with them being completely different companies operating in completely different regions and nothing to do with Petroceltic whatsoever :rolleyes:

Speculator

zoom_cool wrote: »

Beleive it or not Nuclear stocks eg. (code URRE) are at a all time low which could rise alot over next 18 to 24 months look at bloomberg full of good information.

I would'nt say that Nuclear stocks are at a all time low. Although some of them are looking cheap.

kevrfc

Marcus,

3 solutions i give as i was thinking on same thing too. So decided on bank of Ireland.
One, if new funds to bank, min. E10k in 6 month dposit account for 6 months fixed at 3.4%.
Two, double interest (see the ad) again new funds. Min. 20k lodgement. 3% for 1st year with option of 2nd year and get 6% on 2nd year. Quite good.
Also last one, if you wanted long term and was able to put away that for 4 years 11 months. It's all guaranteed. An return is 18% on your money guaranteed he said. Min. into that is 5k.
Any those products i said are in fixed term as in one put in there locked away for that period.
Anyways hope that helps.

hmmm

arrowloopboy wrote: »

Go educate yourself,its a bad plan taking investment advice from guys on a forum that couldn't care less if you lose all your money.
Leave your money where it is,relax yourself,read a few books,its not that hard,then if you lose ,at least you lost it yourself,without getting rode by a middle man/fund manager.

You might actually enjoy yourself and learn something into the bargain.

+1. You'll lose it all otherwise, there's plenty of people who will happily relieve you of your money.

kevrfc

In reply i just say all is guaranteed in those products i mentioned... hence it's safe option.

tenchi-fan

Op, don't gamble with your hard-earned cash.

Place most of it on deposit where you can expect to get a good interest rate, and don't put all your eggs in the one bank!

If you decide to invest some of it steer clear of bank shares or any shares that are leaping 10% one day and dropping 20% the next. So pick a few good companies that have been around forever in various countries and invest some of your money in this way.

Then, as you earn more money you can buy more shares in solid companies, just remember to diversify. Only a small part of your portfolio should be "punts" on risky shares e.g. €500 of AIB, rather than investing €15,000 over Irish banks and construction companies.