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Where to invest €5,000

  • 14-01-2016 05:42PM
    #1
    Armaghmagic
    Registered Users, Registered Users 2 Posts: 1,038 ✭✭✭


    I am in a fortunate position of having €5k spare that I can invest (due to downgrading car) and was wondering where best to invest.

    Interest rates are laughably low so it is more difficult that just putting it away for a few years and earning a nice lump at the end of the term.

    So anybody know what and where to invest in? I was thinking of buying some government Prize Bonds with some of it and maybe in some band run investment funds. At the moment I have money in the Irish Life Bonus Savers account which invests in 5 different funds but I find them very sneaky with regard to how you earn your bonus so looking to get my money out of there!

    Many thanks in advance for any advice you can give!


Comments

  • #2
    TheFin
    Registered Users, Registered Users 2 Posts: 46 ✭TheFin


    Under your bed the way the markets looking....


  • #3
    MfMan
    Registered Users, Registered Users 2 Posts: 3,534 ✭✭✭MfMan


    Now maybe the best time when everyone is running fearful. Bluer chips may soon be good value; BOI will come good in time, Ryanair, according to most analysts, have a lot of good days ahead and have the great current advantage of a low oil price. PaddyPower, once amalgamated with Betfair, should have an increased market share and presence, though they're not exactly cheap currently. I like Grafton on the London SE if you can buy on the dips. Hard to know with oil stocks; Iran supplying the market will probably drop the price even more but if anything adverse happens to the Saudis, (increased tension with Iran, terrorist attack on installations, monarchy toppled, spiraling domestic spending), barrel price could reverse suddenly and sharply.


  • #4
    Bateman
    Registered Users, Registered Users 2 Posts: 4,818 ✭✭✭Bateman


    A bog standard index fund like SPY
    If you take the view that the current dip is a correction (like Aug 2015) rather than the start of a bear market, could be a good time to get some skin in the game


  • #5
    my friend
    Banned (with Prison Access) Posts: 7,129 ✭✭✭my friend


    LULU


  • #6
    daveirl
    Closed Accounts Posts: 14,483 ✭✭✭✭daveirl


    This post has been deleted.


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  • #7
    Slattsy
    Registered Users, Registered Users 2 Posts: 15,775 ✭✭✭✭Slattsy


    10 Year National Solidarity Bond (25% - tax free) with State Savings.



    If you can afford to forget about it for that long.


  • #8
    The_Pretender
    Registered Users, Registered Users 2 Posts: 594 ✭✭✭The_Pretender


    Slattsy wrote: »
    10 Year National Solidarity Bond (25% - tax free) with State Savings.



    If you can afford to forget about it for that long.

    It's still only 2.26% per year. It's fine if you're very risk averse, but it's only €5k all the same


  • #9
    daveirl
    Closed Accounts Posts: 14,483 ✭✭✭✭daveirl


    This post has been deleted.


  • #10
    Armaghmagic
    Registered Users, Registered Users 2 Posts: 1,038 ✭✭✭Armaghmagic


    Was thinking of setting up an account with Goodbodys and seeing maybe how I get on investing €1k and see if I do anything worthwhile with it or not and take it from there!


  • #11
    topper_harley2
    Registered Users, Registered Users 2 Posts: 537 ✭✭✭topper_harley2


    Armaghmagic wrote: »
    Was thinking of setting up an account with Goodbodys and seeing maybe how I get on investing €1k and see if I do anything worthwhile with it or not and take it from there!

    Charges with them will eat up returns on 1k. Use Degiro as you can buy way cheaper.


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  • #12
    newacc2015
    Closed Accounts Posts: 2,379 ✭✭✭newacc2015


    Set up a regular saver with KBC. It is 3% currently. Deposit 1k a month for 4 months and then deposit €100 for the rest of the year. ETF are too heavily taxed and irrational taxed. Long term Government bonds always underperform short term bonds, where you constantly reinvest the money as rates increase. There is zero chance Government bonds will be 2.5% in 7/8 years. It will probably be close to 3/4%


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