25 with 20k

Martypants1

Pension & Healthcare from employer
No debts
Renting

Just have it in a current account right now. What would a smart person do?

topper_harley2

I'd first suggest you move it out of current account. At least move it into some sort of savings account. Least then you'll be getting some interest, however small.

Then search this forum as there are loads of threads on "what to do with 20k". Start with those to get done ideas yourself first.

Prezatch

A smart but lazy person:

1) Open a degiro account
2) Transfer all your savings into it
3) Purchase a stock (ETF) called VOO. This very accurately tracks the S&P500
4) Top up your holding of VOO with new savings every 2-3 months
5) Record your purchases and sales by setting up a portfolio in google finance
6) Forget about following it. If you hear of any financial crises' in the news, do not sell, it's already too late. Only sell if you really need the cash (car, mortgage etc.) The longer you wade it out, the better position you'll be in for eventually selling.
7) Pay CGT on your profits when you eventually sell. VOO is a US domiciled ETF which is very important for tax purposes.

Roonbox

Martypants1 wrote: »

Pension & Healthcare from employer
No debts
Renting

Just have it in a current account right now. What would a smart person do?

Wait for the next economic downturn/recession (within the next 18 months in my view). Then load up on physical silver.
Wait 5 years.

Then bask in the glory of your genius.

Mark my words. Set a date in your Calendar to come back and view this post in 2022

Joeseph Balls

Roonbox wrote: »

Wait for the next economic downturn/recession (within the next 18 months in my view). Then load up on physical silver.
Wait 5 years.

Then bask in the glory of your genius.

Mark my words. Set a date in your Calendar to come back and view this post in 2022

Gold and silver rises in recession no?. Buy in the next boom, 2022

ahmsalo

Roonbox wrote: »

Wait for the next economic downturn/recession (within the next 18 months in my view). Then load up on physical silver.
Wait 5 years.

Then bask in the glory of your genius.

Mark my words. Set a date in your Calendar to come back and view this post in 2022

where to buy silver please ?

newacc2015

Roonbox wrote: »

Wait for the next economic downturn/recession (within the next 18 months in my view). Then load up on physical silver.
Wait 5 years.

Then bask in the glory of your genius.

Mark my words. Set a date in your Calendar to come back and view this post in 2022

Why in 18 months? Our economy is quite sound. It is probably doing the best in Western Europe. We have strong consumer demand and rising employment. There is no indicators of a recession.

Economies work in cycles. By the law of averages you could be correct about 2022. But you are doing it by guessing and not because of your knowledge of macroeconomics.

gstack166

Escortireland.com

25000 divided by 50 = 500.

Over a year and a half of enjoyment.

Roonbox

newacc2015 wrote: »

Why in 18 months? Our economy is quite sound. It is probably doing the best in Western Europe. We have strong consumer demand and rising employment. There is no indicators of a recession.

Economies work in cycles. By the law of averages you could be correct about 2022. But you are doing it by guessing and not because of your knowledge of macroeconomics.

Thats a lot of assuming you are doing there newacc2015..
There are multiple signs worldwide that we are entering a period of economic slowdown.
Japan is in recession, lots of eastern Europe is in recession, ISM numbers in U.S are falling. There is lots more.
And your point about cycles, there are economic slowdowns on average every 5 to 7 years, we are overdue.

Roonbox

Joeseph Balls wrote: »

Gold and silver rises in recession no?. Buy in the next boom, 2022

It gets some bidding as a safe haven in recession but in a huge delevering event it still falls, look at 2008, it went to 650.

When the market forces Central Banks to tighten monetary policy we will have a huge slowdown.

Always Junt my opinion

Roonbox

ahmsalo wrote: »

where to buy silver please ?

Check this thread -

http://www.boards.ie/vbulletin/showthread.php?p=85636967

newacc2015

Roonbox wrote: »

Thats a lot of assuming you are doing there newacc2015..
There are multiple signs worldwide that we are entering a period of economic slowdown.
Japan is in recession, lots of eastern Europe is in recession, ISM numbers in U.S are falling. There is lots more.
And your point about cycles, there are economic slowdowns on average every 5 to 7 years, we are overdue.

Japan has been in a recession since the 1990s. Eastern Europe is a fraction of the global economic and not really important to most companies (well a handful of German companies who trade heavily with Russia). What is ISM numbers? The FED is hiking interest rates, as they believe the US economy is strong enough to restrict credit.

There is no serious signs of a recession in Germany, the UK or the US. The countries that matter

Roonbox

newacc2015 wrote: »

Japan has been in a recession since the 1990s. Eastern Europe is a fraction of the global economic and not really important to most companies (well a handful of German companies who trade heavily with Russia). What is ISM numbers? The FED is hiking interest rates, as they believe the US economy is strong enough to restrict credit.

There is no serious signs of a recession in Germany, the UK or the US. The countries that matter

There are huge signs of a slowdown in the U.S.
have you not seen the backpeddling by J Yellen earlier this week.
That tiny quarter point hike caused havoc at the beginning of the year.
Their promise in Dec for 4 more hikes this year has been reduced to possibly two, That's in the space of three months.
She even had to reassure markets of the tools at the FEDs disposal.

But that aside, earnings for S&P500 companies have been falling quarterly for 5 quarters.
Projected earnings are also falling.

Look up the manufacturing and exports for China.


You may be right, no downturn, we could keep going up forever. But the signs are there.

Loose monetary policy (unprecedented) is delaying the inevitable.

newacc2015

Roonbox wrote: »

There are huge signs of a slowdown in the U.S.
have you not seen the backpeddling by J Yellen earlier this week.
That tiny quarter point hike caused havoc at the beginning of the year.
Their promise in Dec for 4 more hikes this year has been reduced to possibly two, That's in the space of three months.
She even had to reassure markets of the tools at the FEDs disposal.

But that aside, earnings for S&P500 companies have been falling quarterly for 5 quarters.
Projected earnings are also falling.

Look up the manufacturing and exports for China.


You may be right, no downturn, we could keep going up forever. But the signs are there.

Loose monetary policy (unprecedented) is delaying the inevitable.

She said they were going proceed cautiously, as they should. They are still going to hike rates. Consumption is good in the US, the S&P 500 is still extremely high for a country heading into a recession in your opinion.

4 hikes in a year, was too quick. You are literally going from 0% to 1.25% in a year. It is far too stark for any economy, especially one with mild inflation.

The US dollar is an international currency. The very limited with what they can do with rates, as so much of the dollar is held abroad.

S&P 500 earnings as distorted. The US oil prices are hammering it and the wage increases in the US are lowering company earning, which isnt actually bad for the economy. It is better for Americans to have more money in their pockets, that a company having it in a bank account.

China lies on all their stats. Not a single western economist believe anything from the Chinese Government on their economy.

A recession is inevitable. But not at the moment.

Roonbox

newacc2015 wrote: »

She said they were going proceed cautiously, as they should. They are still going to hike rates. Consumption is good in the US, the S&P 500 is still extremely high for a country heading into a recession in your opinion.

4 hikes in a year, was too quick. You are literally going from 0% to 1.25% in a year. It is far too stark for any economy, especially one with mild inflation.

The US dollar is an international currency. The very limited with what they can do with rates, as so much of the dollar is held abroad.

S&P 500 earnings as distorted. The US oil prices are hammering it and the wage increases in the US are lowering company earning, which isnt actually bad for the economy. It is better for Americans to have more money in their pockets, that a company having it in a bank account.

China lies on all their stats. Not a single western economist believe anything from the Chinese Government on their economy.

A recession is inevitable. But not at the moment.

Of course China lies in their Stats, its much worse than they are stating, as shown by the stats they cannot hide.
the S&P is way too high as you mentioned, its at the same level it was 12 months ago, when earnings were much higher. It will catchup to earnings.

There is no way they will raise hikes again this year. 4 rate hikes would not be unusual in a strong economy, if there was a strong economy it would be up above 3%. Japan and Europe and on negative interest rates. Negative!

You are right they are limited with what they can do with rates, they are 0.25 above as low as they can go. And an increase in rates will have disastrous consequences.

I stand by recession in next 12-18 months. And it will be a bad one.
Lose monetary policy on this scale is not normal and the market will force its end if the central bankers wont.

Timmaay

Ah here talk about off topic. To the OP, would you lob a 20k bet on a horse based on some tip you got on the Internet from a randomer, defo not, no different with gold/silver etc.

topper_harley2 wrote: »

I'd first suggest you move it out of current account. At least move it into some sort of savings account. Least then you'll be getting some interest, however small.

Then search this forum as there are loads of threads on "what to do with 20k". Start with those to get done ideas yourself first.

About the only useful post here so far, go out and do lots of homework. The only thing I'll say is it even worth the effort of moving it to a savings account? What is the return on 20k for a year in a typical saving account after dirt etc, not much over 100e?

Esel

Obviously, physical silver is better than virtual gold.

Harder to carry long distance though, and then there's those pesky metal detectors...

topper_harley2

Timmaay wrote: »

Ah here talk about off topic. To the OP, would you lob a 20k bet on a horse based on some tip you got on the Internet from a randomer, defo not, no different with gold/silver etc.




About the only useful post here so far, go out and do lots of homework. The only thing I'll say is it even worth the effort of moving it to a savings account? What is the return on 20k for a year in a typical saving account after dirt etc, not much over 100e?

Yep about E100. Pretty crap as you alluded to. However better me to have it than the bank.

Anything above that requires taking on a certain amount of risk, which the OP didn't mention anything about being happy with.

Martypants1

topper_harley2 wrote: »

Yep about E100. Pretty crap as you alluded to. However better me to have it than the bank.

Anything above that requires taking on a certain amount of risk, which the OP didn't mention anything about being happy with.

Just wanted to make sure I wasn't missing something easy really.

Would love to get a mortgage but not in a position to do that just yet.

Martypants1

Martypants1 wrote: »

Pension & Healthcare from employer
No debts
Renting

Just have it in a current account right now. What would a smart person do?

I was in that situation about two years ago. I set up savings accounts but the return is really minimal. I then decided to invest in ESPP via my company rather than putting any more money in another savings account. Made a nice 7% over 6 months. Now I'm investing in a house for myself.

If I wasn't investing in a house I'd probably take half the money and buy shares, with any shares you've got to be prepared to lose the money hence why I wouldn't invest it all.

FYI I'm not an investor, just wanted to let you know what I did in your situation and I'm quite happy two years on.