€15,000 (shares or savings account?)

fisher8181

I have €15,000 to invest and i am thinking of buying shares.

I know nothing about shares so would have to do alot of research into it first so I want to know if it is worth the time and effort.

At a low/medium risk exposure what would be a good return in one year for my €15,000?

obviously in a bank at 4% I can earn €600 in a year, but i wonder if the return could be much more while keeping the risk low?

OfflerCrocGod

Not really I'm afraid. If you know nothing you would be better of investing in some books, knowledge and spending time learning before you try anything.

newbie2

Nice post Offler.

@OP

Gold, Gold and more Gold

fisher8181

OfflerCrocGod wrote: »

Not really I'm afraid. If you know nothing you would be better of investing in some books, knowledge and spending time learning before you try anything.

thanks OfflerCrocGod, any recommendations on books/websites etc?

fisher8181

I am still interested in your thoughts to this question....

fisher8181 wrote: »

At a low/medium risk exposure what would be a good return in one year for my €15,000?

obviously in a bank at 4% I can earn €600 in a year, but i wonder if the return could be much more while keeping the risk low?

HowFinancial

As you know nothing about shares then invest in a fund which invests in a variety of shares and is run by a professional investment manager.

Within investment bonds run by life companies and others you have options of low, medium & high risk as well as option to switch between funds during the course of the investment.

What timeframe do you have for your investment?
Do you plan to use the €15k (or portion thereof) during the term of the investment?

What about putting a % in a long-term fixed deposit account, and investing the balance in a fund as outlined above?

HowFinancial

fisher8181 wrote: »

obviously in a bank at 4% I can earn €600 in a year, but i wonder if the return could be much more while keeping the risk low?

Depends on your definition of low risk & the maximum you are prepared to loose as well as the timeframe for your investment.

If the €15k was all my (spare) savings, & if I was happy I didn't need to dip into it, over 5 years I'd be looking for 6-8%% p.a. and be willing to loose similar percentage over the period.

If you're happy with the risk/reward scenario there are a million & one options to achieve this. Talk to a Financial Advisor who deals with a variety of Life & Investment companies.

skyhighflyer

fisher8181 wrote: »

thanks OfflerCrocGod, any recommendations on books/websites etc?

I'd recommend the FT Guide to Investing and the Economist guide to the financial markets as good books for the aspiring investor (both readily available on Amazon). To answer your post, I'd google for the askaboutmoney savings thread and split the money between instant access and one year fixed accounts offering the best rate until you've done some reading up. €15k is too low IMHO to get the diversification necessary to limit your risk in shares and while there are some savings products which guarantee your principal while offering exposure to the stock market I'm not a fan of those either. Also ignore whoever above told you to put the money on gold (or indeed any one asset class)