Looking for some savings/investment advice

ComputerGeek16

Long time forum lurker but first time poster!

My employers were acquired a few months back and I was looking for some investment advice. I'm going to meet with a financial advisor soon as well.

After paying off an outstanding loan and credit card I'm left with just over €100k in my bank. The money from the acquisition was split into an up front lump sum and monthly payments until early 2019. The monthly payments added to my disposable income means I've at least €6-7k per month to do something with until March 2019. Based on my currently salary my disposable income will be around €3k per month after the acquisition payments stop. This doesn't include the potential income stream my employers have introduced to replace the options scheme after we were acquired.

My partner and I are early 30's, currently have no debts and I make the most of my companies pension matching scheme already (they will match up to 5% of my salary so that's how much I put into it. That works out at just over €12k per year currently). We don't own property but that's something we're interested in investigating. We're looking for longer term investments ideally.

Happy to answer any questions.

newacc2015

ComputerGeek16 wrote: »

Long time forum lurker but first time poster!

My employers were acquired a few months back and I was looking for some investment advice. I'm going to meet with a financial advisor soon as well.

After paying off an outstanding loan and credit card I'm left with just over €100k in my bank. The money from the acquisition was split into an up front lump sum and monthly payments until early 2019. The monthly payments added to my disposable income means I've at least €6-7k per month to do something with until March 2019. Based on my currently salary my disposable income will be around €3k per month after the acquisition payments stop. This doesn't include the potential income stream my employers have introduced to replace the options scheme after we were acquired.

My partner and I are early 30's, currently have no debts and I make the most of my companies pension matching scheme already (they will match up to 5% of my salary so that's how much I put into it. That works out at just over €12k per year currently). We don't own property but that's something we're interested in investigating. We're looking for longer term investments ideally.

Happy to answer any questions.

I am going to assume you are a high income earner hitting marginal tax rates. Therefore you might consider investing in the EIIS scheme. You can get tax relief of around 10% per annum for investing in a diversified investment portfolio of various Irish companies eg O'Haras beer, Green Isle foods etc. Then at the end of the 4 years you will hopefully have a capital gain from the company increasing in value. There is the risk of the company going under of course. But IMO it is a good medium term investment

topper_harley2

If you're planning to buy house then you'll get instant, guaranteed risk free return of 3% or so by using your lump sum as deposit. You'll save probably 100k interest over 20 years. Don't invest with only four year timeline.