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Security in shares??

  • 24-05-2011 9:46pm
    #1
    crackcrack30
    Registered Users, Registered Users 2 Posts: 1,161 ✭✭✭


    Opinions please..

    To avoid the dreaded wipeout of savings either by Government grab / bank collapses and/or a default & converted devalued punt currency - that alot of people fear at the moment, I was thinking of investing some of (most) my life savings in some blue chip shares preferably with a dividend, diverce as in possibly 5-6 shares incorperating food, techs, pharma, energy ect........so far so good...

    My question is this - will the purchase of these (blue chip) shares avoid the castophories mentioned above facing ireland, and upon retierment or sooner allow me to come in behind the mess that is currently facing us (with possible earnings) ? or does this just delay the enivitable devaluation and loss of spending power.

    i.e buy 1X,000 euro/dollar of shares today - in 12-24 months punt nua worth say 50% of euro today , therefore avoiding a halving of my savings

    Am I missing something or am i looking at it too simply (NOT MY AREA)
    All advice or pitfalls/catchs appreciated e.g should i invest in Particular currency/country stocks or does that matter?...

    tanx cc30


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