What would you do with 10k

Caoimhin.

What would you do with 10k euro right now?

I recently moved to Oz. I just got cheque refund of my pension contributions made in my job back in Ireland. The euro/AUD exchange rate is abysmal right now so I'm looking for alternatives to bringing it here right away

liammur

Caoimhin. wrote: »

What would you do with 10k euro right now?

I recently moved to Oz. I just got cheque refund of my pension contributions made in my job back in Ireland. The euro/AUD exchange rate is abysmal right now so I'm looking for alternatives to bringing it here right away

Blow it. You only live once.

sham09

Checkout the NTMA's 10 year National Solidarity Bond...

Total return before tax is quoted at 50%.

I picked up a copy of the brochure when I was in the Post Office recently.

Here is a link to an online copy : http://www.statesavings.ie/Downloads/Brochure3.PDF

Ultimately it depends on how long you wish to invest for, but that will hopefully give you a risk-free base to compare other investments against.

stackerman

If your looking for long/medium term security that will match inflation and may (I stress may) make more. . . .
Contact Perth Mint and buy Gold coins, pay in your Euro, collect and sit on them.
I'm not going to get into an argument here with others about the reasons, but if you have any understanding of the mess that is the current world economy, and the high inflation rates which will follow, that's what I would do.
Although, there is a lot to be said for blowing it too

Enjoy AUS, gota be better then Ireland at the moment !

sham09

sham09 wrote: »

Checkout the NTMA's 10 year National Solidarity Bond...

Total return before tax is quoted at 50%.

I picked up a copy of the brochure when I was in the Post Office recently.

Here is a link to an online copy : http://www.statesavings.ie/Downloads/Brochure3.PDF

Ultimately it depends on how long you wish to invest for, but that will hopefully give you a risk-free base to compare other investments against.

50% not to touch it for 10 years? that works out at 4.14% pa, you could get savings accounts for that

krd

keving wrote: »

If your looking for long/medium term security that will match inflation and may (I stress may) make more. . . .
Contact Perth Mint and buy Gold coins, pay in your Euro, collect and sit on them.

You can't buy more gold with euros, than you can with the Australian dollar equivalent of the euro.

Arbitrage, my dear boy. Arbitrage. Imagine, if it were the case. You could buy gold, sell it for Aus dollars, buy euros with your Aus dollars, then buy gold with your euros. And you go on into infinity, becoming a multi-billionaire.

I'm not going to get into an argument here with others about the reasons, but if you have any understanding of the mess that is the current world economy, and the high inflation rates which will follow, that's what I would do.

Get on the gold ladder before it's too late!!!!

By the same logic, Irish house prices are about to shoot through the roof.

Although, there is a lot to be said for blowing it too

Invest in beer and fags.

stackerman

krd wrote: »

You can't buy more gold with euros, than you can with the Australian dollar equivalent.

Wasn't suggesting that at all :rolleyes:

What I'm saying is that he'll not have to pay conversion fee to change his euro to Aus, in order to purchase the physical. Only a relatively small fee but still . .