Where to invest 50k?

bacon?

Hi guys, I'll be coming into around EURO 50k. I'd like to invest but haven't a clue. Seems I'm not the only one.

The more I'm reading this forum, and askaboutmoney.com the more unsure I am as to what course to take... there's talk of Ireland going back to some sort of punt, investing in sterling accounts, buying gold, not buying gold....

I'm currently living abroad, so rabbos online account could be an option, but the rate is pretty low, just over 2%

I'm reading rich dad poor dad again, and I like the idea of aquiring assets...

What would be a relativly safe bet with a return of 5 - 10%?

OfflerCrocGod

How long can you go without using the money?

bacon?

OfflerCrocGod wrote: »

How long can you go without using the money?

A few years, unless there's some sort of emergency. I live pretty thrifty and don't have any debts.

careca11

bacon? wrote: »

Hi guys, I'll be coming into around EURO 50k. I'd like to invest but haven't a clue. Seems I'm not the only one.

The more I'm reading this forum, and askaboutmoney.com the more unsure I am as to what course to take... there's talk of Ireland going back to some sort of punt, investing in sterling accounts, buying gold, not buying gold....

I'm currently living abroad, so rabbos online account could be an option, but the rate is pretty low, just over 2%

I'm reading rich dad poor dad again, and I like the idea of aquiring assets...

What would be a relativly safe bet with a return of 5 - 10%?

I'd stay well away from the stock market .....................way to volatile at the moment.
some banks are doing medium to long term in investments with pretty decent returns
although would you really want to put it in an irish bank at this stage hmmmmmmmmmmmmm

SteelyDanJalapeno

Gold

OfflerCrocGod

careca11 wrote: »

I'd stay well away from the stock market .....................way to volatile at the moment.
some banks are doing medium to long term in investments with pretty decent returns
although would you really want to put it in an irish bank at this stage hmmmmmmmmmmmmm

"Buy when there's blood in the streets, even if the blood is your own." - Baron Rothschild.

No one ever got rich from putting money in a savings account. Mind you if you have no idea what you are doing then it can be very dangerous in the stock market as you will tend to buy high and sell low and get angry at the "corrupt system" as you slowly lose money.

Bacon? if I were you I'd probably buy about 15 different large cap stocks that look cheap and are yielding nice amounts, it's possible that Greece defaults and you are immediately down 30% in one week but I wouldn't break a sweat as things will recover. There are plenty of large caps right now that all things considered are worth putting a small amount of money in even if they don't yield. LLOY, RBS and BARC are now at very low levels, so is STD (Santander) and Mitsubishi UFJ, lots of banks I know but you don't get rich buying what everyone else loves (high price) you try and weight the risks priced into the low price issues and see if they are realistic. Usually the market overshoots.

Pad the portfolio out with companies like TSCO, VOD, AZN and GSK. Buy big, buy cashflow machines and buy necessities and even if Greece implodes in 2 or 3 years you'll be in profit. LLOY will hopefully start yielding a divi sometime next year. ( http://blogs.news.sky.com/kleinman/Post:fc5d126b-9aa9-4069-9d5b-2b28b9c152a8 )

Without any knowledge of the stock market don't buy dodgy little oilers or resource stocks. If you have patience corporate giants will almost always pay off if bought when everyone else hates them. Look at BP. But you must have the patience to wait until everyone hates them. Luckily there are plenty out there right now. Buy and have a strong mind and ignore the volatile price moves.

zipzoc

I heard Ulster Bank is the best rate at the moment. The post office 3 and 5 year bonds are pretty good too. They're guaranteed up to €100,000 and you pay no DIRT. Happy days! You could also buy some silver and gold although some people think that's already an inflated market.

A Rabo account might not give big interest but you won't lose any sleep worrying about being left with nothing when it all goes horribly wrong here.

Raskolnikov

Do you know anything about stocks and shares? If not, then you really should be sticking with an ordinary savings account. My thoughts are to avoid institutions associated with the Irish government, especially if the rates are very close to each other, or the same. For comparisons, see here - http://www.itsyourmoney.ie/costcomparisons/cs_group_lump_sum_deposit.htm

If you're looking for the prospect of a greater return, you will have to learn about the stock market.

We really need a sticky for this forum, giving a basic outline of investment options to prevent this kind of duplication.

OfflerCrocGod

Raskolnikov wrote: »

Do you know anything about stocks and shares? If not, then you really should be sticking with an ordinary savings account. My thoughts are to avoid institutions associated with the Irish government, especially if the rates are very close to each other, or the same. For comparisons, see here - http://www.itsyourmoney.ie/costcomparisons/cs_group_lump_sum_deposit.htm

If you're looking for the prospect of a greater return, you will have to learn about the stock market.

We really need a sticky for this forum, giving a basic outline of investment options to prevent this kind of duplication.

Was thinking that - you don't need to know too much before getting involved if you pick the right time. Someone in my workplace started buying stocks in early '09. At that point everything was on sale! If the OP has patience and waits for a Greek default than maybe he'd get the same bargains. I'm not sure though as so many are expecting it, the problem is that it's being dragged out for so long it's getting ridiculous.

Trebor

i'm going to be in a similar situation soon. my plan is to invest in large proven companies that pay decent dividends with most of my money. i'll then use a small percentage of it on mid caps who look to have good growth potential and then have a very small percentage to gamble a bit on higher risk companies after doing some digging on them. but this is money that i wasn't expecting so i don't need it anytime soon and i'm content to let it sit on the stockmarket for a couple of decades with minimum micro management (at least i hope i don't turn into one of those traders chasing the short time trends )

tommyboy2222

A Rabo account might not give big interest but you won't lose any sleep worrying about being left with nothing when it all goes horribly wrong here.

Savings in Rabo will be devalued if we leave the Euro.

Raskolnikov

Trebor wrote: »

large proven companies that pay decent dividends

While it's nice to have an income, whether a company actually pays a dividend or not has no relevance with regard as to the soundness of the investment itself. If anything, you should prefer a company not to pay a dividend, because taxation in this country is a bitch.

Trebor

Raskolnikov wrote: »

While it's nice to have an income, whether a company actually pays a dividend or not has no relevance with regard as to the soundness of the investment itself. If anything, you should prefer a company not to pay a dividend, because taxation in this country is a bitch.

I don't mind paying tax on my earnings. it's to be expected. and if the company doesn't pay a dividend then i would have to micromanage it alot more or go after more riskier stocks that i hope will increase in share price rather than investing in large proven companies who pay 4-6% payment each year which is much better than most savings accounts!

of course i would not just look at the dividend alone to judge a company who's stock i would buy. they would have to justify how they are able to spend money on the dividend. i would then use any dividend payments to buy more stocks thus increasing the value of my portfolio long term while increasing my income potential from these type of stocks.

tcjjr

It really depends on your risk preferences and the length of time you wish to invest your money. In any case look at diversifying your lump sum across a few products and ensure that you understand the products that you are investing in.

bacon?

OfflerCrocGod wrote: »

"Buy when there's blood in the streets, even if the blood is your own." - Baron Rothschild.

No one ever got rich from putting money in a savings account. Mind you if you have no idea what you are doing then it can be very dangerous in the stock market as you will tend to buy high and sell low and get angry at the "corrupt system" as you slowly lose money.

Bacon? if I were you I'd probably buy about 15 different large cap stocks that look cheap and are yielding nice amounts, it's possible that Greece defaults and you are immediately down 30% in one week but I wouldn't break a sweat as things will recover. There are plenty of large caps right now that all things considered are worth putting a small amount of money in even if they don't yield. LLOY, RBS and BARC are now at very low levels, so is STD (Santander) and Mitsubishi UFJ, lots of banks I know but you don't get rich buying what everyone else loves (high price) you try and weight the risks priced into the low price issues and see if they are realistic. Usually the market overshoots.

Pad the portfolio out with companies like TSCO, VOD, AZN and GSK. Buy big, buy cashflow machines and buy necessities and even if Greece implodes in 2 or 3 years you'll be in profit. LLOY will hopefully start yielding a divi sometime next year. ( http://blogs.news.sky.com/kleinman/Post:fc5d126b-9aa9-4069-9d5b-2b28b9c152a8 )

Without any knowledge of the stock market don't buy dodgy little oilers or resource stocks. If you have patience corporate giants will almost always pay off if bought when everyone else hates them. Look at BP. But you must have the patience to wait until everyone hates them. Luckily there are plenty out there right now. Buy and have a strong mind and ignore the volatile price moves.

This all sounds very exciting... however, I don't know anything about the stock market... other than, buy low and sell high... oh, and what I learned from the movie trading places.

How much of a learning curve are we talking about here?

Trebor

the learning curve is pretty much never ending. learning the basics could take you a week but understanding them and applying them to different companies in different sectors is the hard part.

if you just want to invest in the stock market and let other people pick and chose for you then you can invest in some managed funds or ETFs but then you have less control and there may be some more costs.

OfflerCrocGod

bacon? wrote: »

This all sounds very exciting... however, I don't know anything about the stock market... other than, buy low and sell high... oh, and what I learned from the movie trading places.

How much of a learning curve are we talking about here?

Depends how much effort you are willing to put into it. If you aren't in the mood for much then stay away. If you are then there are books and sites that provide information on companies that allow you to value them based on their accounts/balance sheet etc.

Then you would have to display great patience and perseverance by buying small amounts over a spread out period of time. If you dump €50K in the market in one day you may lose 30% in a few days if Greece defaults, it would be better to lose 30% on €8K *** AND THEN TO HAVE THE COURAGE TO BUY THE BIG BOYS WHO WILL ALWAYS SURVIVE WHEN THEY ARE CHEAP! ***

Look at BP it was £6 then it feel to £3 now it's £4.50. It's about how strong a mind you have and how disciplined you are that counts when investing.

No book will teach you that you must experience it.

bacon?

OfflerCrocGod wrote: »

Depends how much effort you are willing to put into it. If you aren't in the mood for much then stay away. If you are then there are books and sites that provide information on companies that allow you to value them based on their accounts/balance sheet etc.

Then you would have to display great patience and perseverance by buying small amounts over a spread out period of time. If you dump €50K in the market in one day you may lose 30% in a few days if Greece defaults, it would be better to lose 30% on €8K *** AND THEN TO HAVE THE COURAGE TO BUY THE BIG BOYS WHO WILL ALWAYS SURVIVE WHEN THEY ARE CHEAP! ***

Look at BP it was £6 then it feel to £3 now it's £4.50. It's about how strong a mind you have and how disciplined you are that counts when investing.

No book will teach you that you must experience it.

One of my best friends got seriouslly burned just before the crash... he inherrited 40k, gave it to his local friendly boi invester person, and they pretty much blew it on property and banks... he lost a lot.

I don't have too much time to learn about this... hmm... maybe a decent deposit account is the way to go, until I do figure it out.

alejandro1977

THis is obviously a good chunk of your net worth.

You need to diversify and that means leaving some in cash - you may need to fix a leaky roof/repair your car etc.

This is not money you can lose so a low cost index tracker is best for your particular circumstances. You should check out Rabo Direct

http://www.rabodirect.ie/investments/default.aspx

people on this forum are interested in the markets as a hobby - and to be frank many greatly over estimate their own expertise, it's human nature. Take "Get rich Quick" advice with a pinch of salt.

OfflerCrocGod

bacon? wrote: »

One of my best friends got seriouslly burned just before the crash... he inherrited 40k, gave it to his local friendly boi invester person, and they pretty much blew it on property and banks... he lost a lot.

I don't have too much time to learn about this... hmm... maybe a decent deposit account is the way to go, until I do figure it out.

I was thinking more of TSCO, GlaxoSmithKline, Astrazeneca, Vodafone. Boring, giant international companies that will not go bust, not some tiny little Irish property developer or bank.

People always make the mistake of thinking that buying the blue chips won't make you money, that's very wrong.

Blisterman

OfflerCrocGod wrote: »

Depends how much effort you are willing to put into it. If you aren't in the mood for much then stay away. If you are then there are books and sites that provide information on companies that allow you to value them based on their accounts/balance sheet etc.

Then you would have to display great patience and perseverance by buying small amounts over a spread out period of time. If you dump €50K in the market in one day you may lose 30% in a few days if Greece defaults, it would be better to lose 30% on €8K *** AND THEN TO HAVE THE COURAGE TO BUY THE BIG BOYS WHO WILL ALWAYS SURVIVE WHEN THEY ARE CHEAP! ***

Look at BP it was £6 then it feel to £3 now it's £4.50. It's about how strong a mind you have and how disciplined you are that counts when investing.

No book will teach you that you must experience it.

Interesting thoughts about Greece. It seems from what I've heard, it's a case of "When" Greece defaults rather than "if".

I'm a little ignorant of how such things work. What affect would a Greek default have on the markets? Would it only affect companies with interests in Greece?

OfflerCrocGod

Blisterman wrote: »

Interesting thoughts about Greece. It seems from what I've heard, it's a case of "When" Greece defaults rather than "if".

I'm a little ignorant of how such things work. What affect would a Greek default have on the markets? Would it only affect companies with interests in Greece?

It would tank, even though it's been well signposted. It would affect all companies regardless of exposure to Greece. After Lehman it took over a month for TSCO to really tank from ~365p to ~295p at which point you grab as much of it as you can get, it's now ~400p but it hit ~440p a few times, over 33% in a year or so in what is the closest thing to guaranteed money.

What's frustrating is how long they are dragging Greece out and now it's starting to drag down more countries which could result in serious damage.
Europe proving to the world how useless it is.

bacon?

OfflerCrocGod wrote: »

It would tank, even though it's been well signposted. It would affect all companies regardless of exposure to Greece. After Lehman it took over a month for TSCO to really tank from ~365p to ~295p at which point you grab as much of it as you can get, it's now ~400p but it hit ~440p a few times, over 33% in a year or so in what is the closest thing to guaranteed money.

What's frustrating is how long they are dragging Greece out and now it's starting to drag down more countries which could result in serious damage.
Europe proving to the world how useless it is.

So, it's best to buy after Greece defaults? Or does it matter?

As for GlaxoSmithKline, Astrazeneca, Vodafone. Boring, giant international companies that will not go bust, not some tiny little Irish property developer or bank.

I imagine that your money is safe enough with these as they're not going anywhere anytime soon.

So, these are what's called big cap companies?

OfflerCrocGod

bacon? wrote: »

So, it's best to buy after Greece defaults? Or does it matter?

As for GlaxoSmithKline, Astrazeneca, Vodafone. Boring, giant international companies that will not go bust, not some tiny little Irish property developer or bank.

I imagine that your money is safe enough with these as they're not going anywhere anytime soon.

So, these are what's called big cap companies?

Yes after they default would probably be best. Of course you need to try and weight what effect the default will have around the world economy but a lot is being priced in, as long as it's well handled it should not lead to a Great Depression. Calls for a buy back are coming from the banks at this stage.

Tesco etc would be considered real blue chips, yes.

Tech3

OfflerCrocGod wrote: »

bacon? wrote: »

So, it's best to buy after Greece defaults? Or does it matter?

As for GlaxoSmithKline, Astrazeneca, Vodafone. Boring, giant international companies that will not go bust, not some tiny little Irish property developer or bank.

I imagine that your money is safe enough with these as they're not going anywhere anytime soon.

So, these are what's called big cap companies?

Yes after they default would probably be best. Of course you need to try and weight what effect the default will have around the world economy but a lot is being priced in, as long as it's well handled it should not lead to a Great Depression. Calls for a buy back are coming from the banks at this stage.

Tesco etc would be considered real blue chips, yes.

Spread it around with an index as well like the FTSE, S&P 500 etc.. The Greece default is not likely to happen over the coming year given how much the EU want to prevent it from default.

OfflerCrocGod

Tech3 wrote: »

Spread it around with an index as well like the FTSE, S&P 500 etc.. The Greece default is not likely to happen over the coming year given how much the EU want to prevent it from default.

Bond payment coming up 20th of August I believe, there might be something happening this Autumn/Winter, we will see how the German's feel about it.

Yes index tracker is OK but a bit dull, picking the better companies from the index can make it more interesting and rewarding.

irishh_bob

Tech3 wrote: »

Spread it around with an index as well like the FTSE, S&P 500 etc.. The Greece default is not likely to happen over the coming year given how much the EU want to prevent it from default.

the greek default you say , the greek default is a sideshow at this stage , italy and spain being in grave danger of default has blown this whole fiasco out of the stratosphere , all bets seem to be now off

bacon?

So, it seems that the best thing to do is to invest in big, proven blue chip companies. I'm ok to sit on it for a while, and am not looking to make a fast buck. Just want to out perform inflation over the next few years.

So spread it around large safe enough companies like TESCO should be a safe enough bet, I mean, I can't see them going anywhere, people need groceries.

Also... what's the best way to buy shares? Best value. I had a look at the sticky, so many pages, and it goes back years... this one looked good,

https://www.zecco.com/

Are they ok? Are all these sites pretty much the same?

OfflerCrocGod

I think the CFD offering from CMCMarkets is great as you can specify 0 leverage which is basically like a normal stock trade except you pay no taxes or trading fees (build into spread but it's very tight on big, liquid stocks).

You just need to control yourself and remember that you are buying a stock portfolio and to not be tempted to trade. Again it's a mental thing.

tricialou

Where to invest 100k?
I have recently come in to over 100k. My partner and i are thinking of buying a house. I would put up half the money and he will borrow half. Is this a good idea. I dont have a full time job so cannot save the money and apply for the mortgage with him (so i dont lose my half). He is in full time employment and his mortgage would be < 400 a month. I would pay nothing.
the house was worth 450k in the boom and we would get it for 180k
Can anyone tell me is this a bad idea. I am buying in cork and not from there I am not entirely sure if I want to spend the rest of my life there or move back to my own county!
I could buy a house at home on my own with my money and rent it out but then I would be paying rent in Cork ? does anyone think im crazy to invest this money?

Thargor

Tricialou, ask about property here:

http://www.thepropertypin.com

Specifically the Sell/Buy or Rent section, that whole forum is very bearish about the Irish property market though, and with good reason.

In my totally amateur opinion I dont think now is the time to risk 100k in the markets especially if you've never traded before, we could be headed for wipeout soon, thats the time to invest, Spain is expected to ask for a bailout this saturday and Greek elections are coming on the 17th, now is not the time to dive in.

You dont sound too excited about buying a house either so maybe just waiting and educating yourself about trading and the markets might be the best option at the present time, having 100k in cash handy to ride a recovery back up after a Lehmans-style collapse could set you up for life (if it happens, a lot of people are expecting it this time), good luck.

A_Sober_Paddy

Where are you currently living OP?

Sappa

tricialou wrote: »

Where to invest 100k?
I have recently come in to over 100k. My partner and i are thinking of buying a house. I would put up half the money and he will borrow half. Is this a good idea. I dont have a full time job so cannot save the money and apply for the mortgage with him (so i dont lose my half). He is in full time employment and his mortgage would be < 400 a month. I would pay nothing.
the house was worth 450k in the boom and we would get it for 180k
Can anyone tell me is this a bad idea. I am buying in cork and not from there I am not entirely sure if I want to spend the rest of my life there or move back to my own county!
I could buy a house at home on my own with my money and rent it out but then I would be paying rent in Cork ? does anyone think im crazy to invest this money?

If you have not got a full time job in cork,don't see yourself there in 3-5 years then I would avoid purchasing a house.
Tidy sum to have and I would dot on that and hold it until the right invesemt comes along,go to a recognised and quality financial advisor not one from the banks and ask there advice.

telly_lover

tricialou wrote: »

Where to invest 100k?
I have recently come in to over 100k. My partner and i are thinking of buying a house. I would put up half the money and he will borrow half. Is this a good idea. I dont have a full time job so cannot save the money and apply for the mortgage with him (so i dont lose my half). He is in full time employment and his mortgage would be < 400 a month. I would pay nothing.
the house was worth 450k in the boom and we would get it for 180k
Can anyone tell me is this a bad idea. I am buying in cork and not from there I am not entirely sure if I want to spend the rest of my life there or move back to my own county!
I could buy a house at home on my own with my money and rent it out but then I would be paying rent in Cork ? does anyone think im crazy to invest this money?

bar the premium areas of south dublin , property is likely to continue falling everywhere else for some time to come , the mortgage market is not likely to improve as the few banks still standing are facing increased mortgage distress from borrowers , it really is a cash buyers market and those with cash are picking up great value but they are focusing exclusivley on premium dublin locations where demand is always high from tennants


i would buy nothing at the moment bar goverment bonds , germany charges you for this priveledge so that only really leaves the usa , a one year treasury will pay less than 2% so unless you think the banks are going to collapse across europe , its probabley safest to keep money in a savings account with somewhere like rabbodirect right now

turbobaby

OfflerCrocGod wrote: »

There are plenty of large caps right now that all things considered are worth putting a small amount of money in even if they don't yield. LLOY, RBS and BARC are now at very low levels, so is STD (Santander) and Mitsubishi UFJ, lots of banks I know but you don't get rich buying what everyone else loves (high price) you try and weight the risks priced into the low price issues and see if they are realistic. Usually the market overshoots.

Pad the portfolio out with companies like TSCO, VOD, AZN and GSK. Buy big, buy cashflow machines and buy necessities and even if Greece implodes in 2 or 3 years you'll be in profit. LLOY will hopefully start yielding a divi sometime next year.

OfflerCrocGod wrote: »

People always make the mistake of thinking that buying the blue chips won't make you money, that's very wrong.

OfflerCrocGod wrote: »

It's [TSCO] now ~400p but it hit ~440p a few times, over 33% in a year or so in what is the closest thing to guaranteed money.

Interesting reading, one year on. Now I know why OfflerCroc has been reluctant to give investment advice lately as his advice to the OP has not worked out very well. Let's break down the results so far.

LLOY -35.50%
RBS -38.27%
BARC -19.82%
Mitsubishi UFJ -5.42%
STD -42.67%
TSCO -23.94%
VOD +5.15%
AZN -12.74%
GSK +11.65%

In fairness to Offler, it has been a tough year and many investors have been burned. He likely received dividends from these stocks, but consiidering these are considered low risk stocks, the return has been dismal.

The problem I have with him is that he is so high and mighty on here. Perhaps these results will show him that his way of thinking about the economy and investing needs a little work.

He can point to my poor results too, but at least I know my limits and regard myself as a "bottom feeder".

If the OP had taken TiltedBrain's advice of buying Gold he would be up around 20% in euro terms.

FISMA

bacon? wrote: »

Hi guys, I'll be coming into around EURO 50k. I'd like to invest but haven't a clue. Seems I'm not the only one.

Invest nowhere.

Now is the time for capital preservation. If you have it, hold on to it.

If you're thinking about investing and/or trading - buyer beware. The waters are looking very murky out there.

I take it you weren't in the game in 2008, were you? I'm sure that you do remember the meltdown.

Fundamentally, what has changed? What was fixed? What has been corrected that makes you want to "get in?"

If you do decide to get in to the market, please take some friendly advice: learn how to use a stop loss, set it and forget it.

However, again, I say stay out: capital preservation is the name of today's game.

Mickey Dazzler

bacon? wrote: »

... oh, and what I learned from the movie trading places.

If you have watched trading places then your fine to jump in head first. Good Luck.

HowFinancial

Never ending learning curve!

If you're willing to take some risk and if you don't need access to the monies in the short term you might think about an investment fund which manages your investment for you, instead of trying to do the stock picking yourself.

Here is an example of a low risk fund managed by Zurich Life that I like at the moment:
https://www.zurichlife.ie/product_centre/matrix/supercapp.jsp

This is only one example, and may be suitable for a portion of your investment only. There is a multitude of investment managers for you to choose from. You would probably do best carefully considering the level of risk you are prepared to take vs the level of reward you hope to achieve, and discuss this with an independent financial advisor (i.e. has no vested interest in you investing your monies via one particular institution) whom you know and trust.

Risk markets are extremely volatile at the moment. Some "experts" & pundits are hinting that markets will rebound, while others that the worst is yet to come. Nobody knows what will happen.

best of luck!

turbobaby

Hyrer wrote: »

I found the clue for myself. I invest money in the Necker Anlagen Fund not so long , but so far I am very happy, It’s safe, profits accrued in time, without any delay, the withdrawal is quick, usually during the day. Advise. I get the profit of about 10% a day. Unbelievable

Unbelievable is right, i.e. not believable.

Mods should remove this post tbh.

Bernie Maddoff wasn't even capable of 10% per day!

tricialou

Thargor wrote: »

Tricialou, ask about property here:

http://www.thepropertypin.com

Specifically the Sell/Buy or Rent section, that whole forum is very bearish about the Irish property market though, and with good reason.

In my totally amateur opinion I dont think now is the time to risk 100k in the markets especially if you've never traded before, we could be headed for wipeout soon, thats the time to invest, Spain is expected to ask for a bailout this saturday and Greek elections are coming on the 17th, now is not the time to dive in.

You dont sound too excited about buying a house either so maybe just waiting and educating yourself about trading and the markets might be the best option at the present time, having 100k in cash handy to ride a recovery back up after a Lehmans-style collapse could set you up for life (if it happens, a lot of people are expecting it this time), good luck.

thank to everyone for replies
dont know the first thing about trading, sounds a bit risky?
the government state savings offer nearly 50% after 10 years, and are "safe" but i figured id only make over 40,000 e after 10 years and would have spent over 30,000 on rent? its a big decision really isnt it cos im probably never going to get this kind of money again.

tricialou

FISMA wrote: »

Invest nowhere.

Now is the time for capital preservation. If you have it, hold on to it.

If you're thinking about investing and/or trading - buyer beware. The waters are looking very murky out there.

I take it you weren't in the game in 2008, were you? I'm sure that you do remember the meltdown.

Fundamentally, what has changed? What was fixed? What has been corrected that makes you want to "get in?"

If you do decide to get in to the market, please take some friendly advice: learn how to use a stop loss, set it and forget it.

However, again, I say stay out: capital preservation is the name of today's game.

what do you mean by capital preservation ? im completely clueless

tricialou

Thargor wrote: »

Tricialou, ask about property here:

http://www.thepropertypin.com

Specifically the Sell/Buy or Rent section, that whole forum is very bearish about the Irish property market though, and with good reason.

In my totally amateur opinion I dont think now is the time to risk 100k in the markets especially if you've never traded before, we could be headed for wipeout soon, thats the time to invest, Spain is expected to ask for a bailout this saturday and Greek elections are coming on the 17th, now is not the time to dive in.

You dont sound too excited about buying a house either so maybe just waiting and educating yourself about trading and the markets might be the best option at the present time, having 100k in cash handy to ride a recovery back up after a Lehmans-style collapse could set you up for life (if it happens, a lot of people are expecting it this time), good luck.

ok so thanks to everyone for replies!
it seems the housing market is a little more secure since i wrote this? would it be better to buy two cheap houses and rent one? wait for house prices to rise )if they ever will) ...?
Arent there big risks involved with trading? it seems the only safe options are property , land , or governments bonds. I remember eddie hobbs ssaying people should have try and have as many fixed assests such as land , property as oppossed to cash in the bank ... as they can be sold and are "real"! think ill take the advise and go to a financial advisor..
!

Rocksteadykk

One company...US Oil and Gas Plc. They are sitting on a massive oil field in Nevada and it is about to get very interesting! Share price at the moment is circa £3 but it could potentially be 10/20/30 times that depending on the flow rates...which are imminent. I would be putting a large chunk of cash into this...potential life changing $$$ to be made.

Discussions in the forum! http://www.iii.co.uk/investment/detail/?display=discussion&code=cotn%3APLU%3AUSOP&threshold=0&pageno=1&it=plus

boardtc

tricialou wrote: »

what do you mean by capital preservation ? I'm completely clueless

I believe the lad means holding onto the cash. I just found out the BOI variable rates went down to 1% on Monday this week, they were 3.2% when we put in a lump sum some years back. BOI life now have these new target savers I am meeting about sometime soon. I see Rabo direct are offering 3.1 on the first 20k and 2.4 on anything after. Maybe I should move the money.

foxyboxer

Anyone interested in investing in a trend following fund might be interested in Dunn Capital's WMA program which is available to european investors for the first time since 1984. Drawbacks are that the minimum investment is 100k and a performance fee of 25%.

It's a purely mechanical trading fund but has delivered solid returns over the years. If you don't need access to the money in the long term then it's an option. Being a trend following fund means it does have some serious drawdowns but over the long run, the returns look positive.