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Investment opportunity

  • 17-11-2014 10:54pm
    #1
    soirish
    Registered Users, Registered Users 2 Posts: 713 ✭✭✭


    Interest rates on euro denominated deposits are close to IE government bonds negative yield. What are your options? Landsbankinn Iceland offers 36 - 60 month deposits with around 6.3 - 6.4% interest rate and EU citizens are eligible to open savings accounts.
    http://www.landsbankinn.com/interest-rates/ - Fixed


Comments

  • #2
    euroboom13
    Registered Users, Registered Users 2 Posts: 650 ✭✭✭euroboom13


    Your capitol gets turned to krona`s, which most likely won`t be worth as much, when you return to euro`s, in 2yrs time.12% currency movement will kill your earnings.


  • #3
    soirish
    Registered Users, Registered Users 2 Posts: 713 ✭✭✭soirish


    There's no such thing as a risk free investment. Just curious why you put so much trust into euros?


  • #4
    euroboom13
    Registered Users, Registered Users 2 Posts: 650 ✭✭✭euroboom13


    Like most people ,I was slapped in the face with a fish in 2007 and stopped reading what everyone else thought ,and started to try and form my own view.

    Good Bond market, cheap oil, low rates ,is the preparation for a growth period.
    usa needs a weaker $ to have any sort of manufacturing future.
    Its what make sense to me, and the more I see the stronger i believe.


  • #5
    Thronegames
    Registered Users, Registered Users 2 Posts: 83 ✭✭Thronegames


    soirish wrote: »
    Interest rates on euro denominated deposits are close to IE government bonds negative yield. What are your options? Landsbankinn Iceland offers 36 - 60 month deposits with around 6.3 - 6.4% interest rate and EU citizens are eligible to open savings accounts.
    http://www.landsbankinn.com/interest-rates/ - Fixed

    What about DIRT on top of currency risk? Applicable I presume? I've done well on stocks in the last year but am limiting my exposure as I got burnt years ago around 2001. Doing well on Apple and Ryanair.


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