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Best Way to invest?

  • 08-05-2012 9:08pm
    #1
    ShaneK101
    Registered Users, Registered Users 2 Posts: 75 ✭✭


    I have a over €12K to invest as I get bascially NADA off the banks.!

    Upon reading this thread on the Prize bonds it doesnt seem like a viable option.
    http://www.boards.ie/vbulletin/showthread.php?t=2056292513&page=25

    So where do you have your money invested? And whats your ROI?
    If you want you can PM me if you wish.!


Comments

  • #2
    HowFinancial
    Registered Users, Registered Users 2 Posts: 71 ✭✭HowFinancial


    Hi Shane,
    Depends on how long you want to put your €12k away for, what type of risk you are prepared to take e.t.c.

    Low risk, Short to medium term you might like the state bonds
    http://www.anpost.ie/anpost/maincontent/personal+customers/money+matters/savings+and+investments/
    or maybe KBC bank deposit rates

    Investment markets are a bit bumpy of late, & with possibility of Greece exiting the Euro being discussed, they look set to fall a little further.

    I do a lot of investing & am currently holding out on getting into bed with risk investments for the moment (although I do like mid-to-high grade north american corporate bonds).

    However, I am also looking at market values falling, and waiting for the right time to "buy in," & hope to make a bit of a killing. However, you need to be set up to move fast in order to do this.

    With a sum like €12k, if you have no desire/need to access it in the medium to long term then you might consider leaving it in a deposit account, but at the same time drip feeding it into an AVC/pension, say €1k per month over a year or so. (however, this is based on an assumption that you don't need access to your €12k, you need to boost your retirement income, and that you are eligible for tax relief on additional pension contributions).

    Basically, take a hit of €590 (higher rate tax payer) on your take home pay from work, pay €1,000 from your salary to an AVC/pension & supplement your income with the €12k which you have on deposit.

    If you're a higher rate tax payer then you add 41% to the value of your €12k(i.e.€16,920) via tax relief, but this has to stay in your retirement funds.

    Hope this helps.


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