20K to Invest

Captain Cesc

I have roughly 20k in savings and am looking for some advice on how best to invest and make a safe return.

I am in a position to save approx. €300 per month as well and am hopeful that I won't have to touch the 20k savings in the medium term.

I'm considering making additional monthly repayments on my mortgage as I'm currently in negative equity to the tune of about €180k. Is this a good idea or can anyone advise on how I can make the most out of my existing and monthly savings? The savings are currently in a BOI deposit account.

OfflerCrocGod

Investigate going bankrupt in the UK, defaulting on that mortgage. I don't know where you could stash the savings to keep them safe but €180K negative equity is huge and if you can get out of bankruptcy in 1 year in the UK then it might be worth doing it.

Do your research on it of course. If you don't want to do that then paying off your mortgage depends on the interest rate of your loan and the interest rate of your investments.

Captain Cesc

Interest rate is low as on a tracker - 1% over ECB

OfflerCrocGod

Captain Cesc wrote: »

Interest rate is low as on a tracker - 1% over ECB

Not worth paying it off, more then 2% should be very easy to beat. Medium term is 6 - 10 years so I'd suggest large cap high yield € companies and positions in indexes including some £ and $ exposure.

CMC Markets have an Irish website you can take 0 leverage positions with them so I'd drip feed money in that way and roll the interest/dividends that get paid into new positions. Whatever you do - do not use leverage, never, ever. You don't sound like the kind of person who should trade. Also be prepared to have large paper losses on certain positions - 50-60% even and to keep going http://en.wikipedia.org/wiki/Dollar_cost_averaging the S&P 500 won't go bust it will recover. Just remember 10 years is your horizon, not tomorrow.

OfflerCrocGod

aboutforex1 wrote: »

The forex market can help you make a pretty decent return on that kind of investment. Check out our site to learn more www.about-forex.ie

You can make a solid steady return of about 20% every 3-6months on a good strategy.

There is a typo in the statement.

Where it says 20% it was meant to be -20%.

And where it said 3 - 6 months it meant to say 3- 6 minutes.


Trying to swim in a pool full of sharks before you know how to walk is a bad idea.

OfflerCrocGod

I know they can. Thing is Captain Cesc isn't saying he's interested in leaving his current job to trade, sounds like he just wants a hands off long term investment strategy.

Not to be stuck in front of his trading setup constantly paying attention to his Reuters feed for the latest pronouncement from Merkel or Schäuble, economic calendar release to frantically change stops, close positions, open positions etc.

It sound like a long term macro approach might suit him best if he wanted to trade FX, but sure at that stage you'd be better served in equities.
I don't feel from the OP that he really wants to spend considerable time on learning about the markets.

OfflerCrocGod

valu wrote: »

Does this mean that you can buy shares through CMC now? As you know, spreadbets, CFD's, don't come with dividend payments. I don't see any reference to zero leverage on thier site bit I'm interested.

No dividends on CFDs? You were using the wrong CFD provider mate! In fact you get dividends on the ex-div day for CFDs which is great as you can apply the capital to something else immediately. You can tailor the leverage, obviously they would rather you use some so they can charge you for the position but you can move it down to 0 if you want. Try the demo account.

saywhatyousee

Captain Cesc wrote: »

I have roughly 20k in savings and am looking for some advice on how best to invest and make a safe return.

I am in a position to save approx. €300 per month as well and am hopeful that I won't have to touch the 20k savings in the medium term.

I'm considering making additional monthly repayments on my mortgage as I'm currently in negative equity to the tune of about €180k. Is this a good idea or can anyone advise on how I can make the most out of my existing and monthly savings? The savings are currently in a BOI deposit account.

Have a little investment on silver;)You know something is going to happen when people are paying 12-15 dollars over spot for a coin