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200k for six months?

  • 29-09-2018 10:34am
    #1
    Registered Users Posts: 110 ✭✭ Corb_lund


    As per title if you had 200k for 6 months with a relatively low risk appetite (bulk will be needed in six months so can't lose more than 10k of it)...what you do with it instead of leaving in a current account?


Comments

  • Registered Users Posts: 372 ✭✭ Skelet0n


    Bonds?

    There's bond ETFs you can buy.

    If you NEED the money then don't risk it on stocks, could be a recession tomorrow in the next six months.


  • Closed Accounts Posts: 11,812 ✭✭✭✭ evolving_doors


    6 months????

    only takes 3 weeks OP.

    :pac: Click :pac: Here :pac:

    P.S. This may all go horribly wrong


  • Moderators, Business & Finance Moderators Posts: 8,064 Mod ✭✭✭✭ Jim2007


    Corb_lund wrote: »
    As per title if you had 200k for 6 months with a relatively low risk appetite (bulk will be needed in six months so can't lose more than 10k of it)...what you do with it instead of leaving in a current account?

    There is only one answer - see if the bank can offer you a better rate given the size of the amount. Every single other option including bonds represent an much higher risk.


  • Registered Users Posts: 2,898 ✭✭✭ Sarn


    Jim2007 wrote: »
    There is only one answer - see if the bank can offer you a better rate given the size of the amount. Every single other option including bonds represent an much higher risk.

    The thing is, banks offer less interest the more you deposit.


  • Moderators, Business & Finance Moderators Posts: 8,064 Mod ✭✭✭✭ Jim2007


    Skelet0n wrote: »
    Bonds?

    There's bond ETFs you can buy.

    If you NEED the money then don't risk it on stocks, could be a recession tomorrow in the next six months.

    Absolutely not! Bonds are no safer than equities, they just have a different risk profile and when you buy a bond ETF you many end up owning a bunch of synthetics, if you don't understand how the portfolio is constructed and the limitations on the fund manager.


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  • Moderators, Business & Finance Moderators Posts: 8,064 Mod ✭✭✭✭ Jim2007


    Sarn wrote: »
    The thing is, banks offer less interest the more you deposit.

    My answer remains the same, perhaps the OP can try spreading it out a bit to get a better rate. But the bank is still the best option, being greedy on the rate for six months could cost a lot more.


  • Registered Users Posts: 7,494 ✭✭✭ BrokenArrows


    Not enough time to really do anything of value thats safe enough if you cant afford to lose.

    Just buy a load of prize bonds and hope you get lucky. (im actually serious)


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