what to do with 20k

newportlad

I have 20k of savings built up, currently sitting in a Credit Union account.

Ive been on/off saving about 4 years now and up until 15k would invest it all in prize bonds. I only won twice in this time €150 in total and got fed up so transferred to the credit union.

Anyway just wondering if anyone has advice or thoughts on how i could invest differently?

Tigger

amazon shares
amazon is a monster that acually does something

Blacktie.

Tigger wrote:

amazon shares amazon is a monster that acually does something

Except turn a profit with decent margins

topper_harley2

newportlad wrote: »

I have 20k of savings built up, currently sitting in a Credit Union account.

Ive been on/off saving about 4 years now and up until 15k would invest it all in prize bonds. I only won twice in this time €150 in total and got fed up so transferred to the credit union.

Anyway just wondering if anyone has advice or thoughts on how i could invest differently?

Searching this forum would be a good start. There are so many identical threads to this one already. Have a read of those first to get ideas for yourself. Capital security, attitude to risk, time horizon, access to cash, current wealth, current mortgage, any children, investment goal ("getting better return than bank" is not a goal) etc. So many unknowns. Impossible to suggest anything.

FRI Investments

Tigger wrote: »

amazon shares
amazon is a monster that acually does something

Uber, the world’s largest taxi company, owns no vehicles. Facebook, the world’s most popular media owner, creates no content. Alibaba, the most valuable retailer, has no inventory. And Airbnb, the world’s largest accommodation provider, owns no real estate

Amazon on the other hand is innovating and the share price flying over the past quarter. Up 52% and is a little pricey now at $675 but broker rating are strong. Keen to see how they did on cyber Monday and what pre Christmas volumes are like.

If investing for the long term consider the classical bluechip dividend payers..

My personal favourites right now are the oil majors such as Shell or BP. They're beaten down now because of the low oil price, but politics, the needs of producing countries and lack of investment because of the low prices will ensure that prices will rise in due course, which should also ensure a nice capital appreciation.

But before you do anything, educate yourself, read everything .. and develop a healthy cycnicism for those that would want to sell or 'tip' you anything.

FRI Investments

Deleted User wrote: »

But before you do anything, educate yourself, read everything .. and develop a healthy cycnicism for those that would want to sell or 'tip' you anything.

Good advise. There are loads of free resources and investment forum's online to help educate you. And in the financial game I found if it sounds too good to be true it usually is.

Tigger

Advice
Just saying

lcwill

Before you do anything with your 20k you need an overall financial plan.

Nothing complicated, just look at the big picture of your assets now, including house, pension, debts etc, work out your objectives for 10, 20, 30 years, and find out what you need to do to get there.

How much do you need to save, when do you need the money, what rate of return do you need, how much do you need to pay down debt, what size is your emergency fund, what big expenses will you have in future?

Try and answer these questions before you do anything with your hard saved cash.