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money advice please

  • 11-04-2012 4:32pm
    #1
    ciaeim
    Registered Users, Registered Users 2 Posts: 477 ✭✭


    what would be the best place to invest some money ( 60k ) , would it be to put it in a high interest a/c or something similar, i am no good with these sort of things and would appreciate any advice , at the moment the money is sitting in an a/c earning me nothing .Some info on me , I am single with 2 kids 14 + 15 , mortgage paid and no debts, i am working and earn a decent enough income .


Comments

  • #2
    coylemj
    Registered Users, Registered Users 2 Posts: 25,622 ✭✭✭✭coylemj


    Seek professional advice from a qualified financial adviser (QFA). Would you stand on the street and ask that question off a succession of complete strangers? Thats what you're doing by asking here.


  • #3
    Amtmann
    Closed Accounts Posts: 6,093 ✭✭✭Amtmann


    coylemj wrote: »
    Seek professional advice from a qualified financial adviser (QFA). Would you stand on the street and ask that question off a succession of complete strangers? Thats what you're doing by asking here.

    Let's just close the forum while we're at it.


  • #4
    Sunnyisland
    Closed Accounts Posts: 10,562 ✭✭✭✭Sunnyisland


    Op there is some great advice & opinions given here, take what you think is the best and then go and see a QFA if you so wish. :-)


  • #5
    bah1011
    Registered Users, Registered Users 2 Posts: 66 ✭✭bah1011


    Alot depends on your attitude to risk. There are alot of tests online which help you decide on your risk tolerance.

    Here is an example. I'v seen better ones but I can find them now.

    http://njaes.rutgers.edu/money/riskquiz/

    Taking a cautious approach while still potentially providing you with a better return than interest accounts you could look at AAA rated corporate bonds or blue chip equities.


  • #6
    ciaeim
    Registered Users, Registered Users 2 Posts: 477 ✭✭ciaeim


    coylemj wrote: »
    Seek professional advice from a qualified financial adviser (QFA). Would you stand on the street and ask that question off a succession of complete strangers? Thats what you're doing by asking here.

    all i was asking for was for some advice, imo their is a big difference to asking here to asking someone on the street ,


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  • #7
    JTMan
    Registered Users, Registered Users 2 Posts: 5,558 ✭✭✭JTMan


    ciaeim wrote: »
    what would be the best place to invest some money ( 60k ) , would it be to put it in a high interest a/c or something similar, i am no good with these sort of things and would appreciate any advice , at the moment the money is sitting in an a/c earning me nothing .Some info on me , I am single with 2 kids 14 + 15 , mortgage paid and no debts, i am working and earn a decent enough income .

    If you choose to go with a deposit, then read these guides to deposit products.

    A term deposit might be best if you are happy to lock for a period of time. For example, KBC @ 4.15% for 1 year.

    If you are not happy to lock, then an instant access account like KBC Smart Access @ 3.25% might be your best bet.


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