Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

10k to invest

  • 18-09-2015 9:53am
    #1
    cherrytaz
    Registered Users, Registered Users 2 Posts: 481 ✭✭


    Hi all,

    I have 10k that I would like to invest and get some return on.

    I have looked at property at home (Cavan) which is quite cheap and has a decent rental market at the moment.

    Would I be wise it invest in a buy-to-let property or just throw the cash into a savings account?

    Any advice welcome


Comments

  • #2
    joe_six_cans
    Banned (with Prison Access) Posts: 113 ✭✭joe_six_cans


    cherrytaz wrote: »
    Hi all,

    I have 10k that I would like to invest and get some return on.

    I have looked at property at home (Cavan) which is quite cheap and has a decent rental market at the moment.

    Would I be wise it invest in a buy-to-let property or just throw the cash into a savings account?

    Any advice welcome

    savings will give you a return of below 2%

    ten grand isnt very much to invest in property but you could invest in a REIT which allows you invest in a property fund , return should be around 4% and you have your money in quality residential and commercial property in dublin


    google irish REITS


  • #3
    cherrytaz
    Registered Users, Registered Users 2 Posts: 481 ✭✭cherrytaz


    Brilliant, thanks. Property wise, there are apartments available for approximately 50-60k which a decent rental yield and plan would be to have a 10 year mortgage.

    I'll definitely look into REITS


  • #4
    joe_six_cans
    Banned (with Prison Access) Posts: 113 ✭✭joe_six_cans


    so thats a forty grand mortgage over ten years shall we say @ 5% ( doubt you get cheaper than that for an investment property )

    aib will cost you 425 per month for ten years , doubt you get 500 per month in rent for an apartment in cavan , for investment property in locations like that , you need to be a cash buyer IMO

    id much rather invest in vodafone or shell or bp stocks which pay nearly 6% of a dividend and are not going to go out of business anytime soon


  • #5
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    joe_six_cans wrote: »

    id much rather invest in vodafone or shell or bp stocks which pay nearly 6% of a dividend and are not going to go out of business anytime soon

    +1


Advertisement