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Where to invest 65k

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Comments

  • #32
    kapisko1PL
    Registered Users Posts: 277 ✭✭kapisko1PL


    Personally I do it on Trading 212. Invest 60 euro a week. There's no fees too which is great. If you'd like I can get you a referral link and we'll both get free share. I'm not affiliated with them btw so don't take this as an advertisement. I simply use them and find them good.


  • #33
    hblock21
    Registered Users, Registered Users 2 Posts: 736 ✭✭✭hblock21


    kapisko1PL wrote: »
    Personally I do it on Trading 212. Invest 60 euro a week. There's no fees too which is great. If you'd like I can get you a referral link and we'll both get free share. I'm not affiliated with them btw so don't take this as an advertisement. I simply use them and find them good.

    How do they make their money if there's no fees? What's the catch?


  • #34
    namloc1980
    Registered Users, Registered Users 2 Posts: 18,329 ✭✭✭✭namloc1980


    hblock21 wrote: »
    How do they make their money if there's no fees? What's the catch?

    Spread and they have a CFD platform where they clean up.


  • #35
    kapisko1PL
    Registered Users Posts: 277 ✭✭kapisko1PL


    hblock21 wrote: »
    How do they make their money if there's no fees? What's the catch?

    The difference between a buy and a sell price, spread, CFDs. There's way to make money without "visible" fees. But if you're going to buy and hold for few years then it will not matter at all because the differences are so small you won't notice it.


  • #36
    gooseygander
    Registered Users Posts: 317 ✭✭gooseygander


    hblock21 wrote: »
    If one wanted to invest through Irish Life. Is it better to go directly with them or through the bank i.e. AIB
    https://aib.ie/content/dam/aib/personal/docs/our-products/investments/portfolio-invest/aib-portfolio-invest-guide.pdf

    Not sure but I dealt with an Irish life broker/financial adviser and found him very good with clear honest advice. Pm me if you want and I can forward on his details if you want them.


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  • #37
    Bob24
    Registered Users, Registered Users 2 Posts: 10,905 ✭✭✭✭Bob24


    hblock21 wrote: »
    I have 65k sitting in a deposit account with AIB currently earning 0.02%.

    I want to move it.

    I do not want risk.

    Where would you move it to?

    Thanks

    You need to think a a few thinks before looking at your options:

    - when you say you want no risk, do you really mean risk or do you mean volatility? (there is a risk with holding your cash at the bank: the bank could go bust or the currency could have issues; however there is zero price volatility in that currency which might be what you mean by “no risk”)
    - what is you time horizon? If 6 months, then yes you don’t want volatility, just keep your cash. If 10 years, your wealth will be significantly eroded by inflation and negative real interest rates if you keep it in cash, you should really accept some volatility in exchange for inflation protection (maybe with a mix of safe stocks, inflation protected bonds, cash deposits, and gold which would be less volatile than just stocks and should give you average returns higher than inflation).


  • #38
    pearcider
    Registered Users, Registered Users 2 Posts: 1,036 ✭✭✭pearcider


    Invest in companies that you like, in particular with good management. Listen to their presentations and read their press releases. You need to do your research. I also think your investments should agree with your macro view of the world and where we are heading. For example if you think electric cars are the future you should invest in Tesla. Likewise crypto or green energy.

    Personally I believe gold will rise greatly over the next few years as it is a way to short poor fiscal and monetary policy and general economic mismanagement by governments. So most of my investments are in commodities in particular gold miners. Regarding dividends theres lots of companies out there that pay 2-3% but the taxes kill you so I wouldn’t make it the be all and end all.


  • #39
    AndrewJRenko
    Registered Users, Registered Users 2 Posts: 29,434 ✭✭✭✭AndrewJRenko


    hblock21 wrote: »
    Thanks for all the comments.
    No mortgage or anything to pay off.
    I already lost a sizable amount about 8 years ago in stocks and another fortune a couple of years ago so lets just say I'd be protective of my money going forward!...

    Sounds like you directly invested in some particular stocks? That's a high risk option. You need to diversify (different companies, different market sectors, different parts of the world) to reduce risk. A managed fund is the most practical way of doing this.


  • #40
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,410 Mod ✭✭✭✭Jim2007


    olvias wrote: »
    I would invest in property but anyway it's better to consult with specialists to reduce the risks.


    The OP does not want risk and you'd put him in a very high risk asset class...


  • #41
    AndrewJRenko
    Registered Users, Registered Users 2 Posts: 29,434 ✭✭✭✭AndrewJRenko


    Jim2007 wrote: »
    The OP does not want risk and you'd put him in a very high risk asset class...

    A high risk asset class AND he's going to have to leverage his capital x3 or x4 (borrowing to invest) thus increasing the risk even further.


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  • #42
    Static M.e.
    Registered Users, Registered Users 2 Posts: 3,088 ✭✭✭Static M.e.


    @OP

    I would put all of into the Vanguard FTSE All-World UCITS ETF (USD) Accumulating. ISIN IE00BK5BQT80

    I think it has the right amount of risk vs reward and doesn't require luck or skill to pick the right stocks.


  • #43
    littlevillage
    Registered Users, Registered Users 2 Posts: 3,170 ✭✭✭littlevillage


    Static M.e. wrote: »
    @OP

    I would put all of into the Vanguard FTSE All-World UCITS ETF (USD) Accumulating. ISIN IE00BK5BQT80

    I think it has the right amount of risk vs reward and doesn't require luck or skill to pick the right stocks.

    Except that its at an All time high at the moment. Not saying it can't go higher, but growth from this point onwards is far from assured


  • #44
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,410 Mod ✭✭✭✭Jim2007


    Static M.e. wrote: »
    @OP

    I would put all of into the Vanguard FTSE All-World UCITS ETF (USD) Accumulating. ISIN IE00BK5BQT80

    I think it has the right amount of risk vs reward and doesn't require luck or skill to pick the right stocks.


    And what is the "amount of risk vs reward"???


  • #45
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,410 Mod ✭✭✭✭Jim2007


    littlevillage wrote: »
    Except that its at an All time high at the moment. Not saying it can't go higher, but growth from this point onwards is far from assured


    Well first of all indexes have been climbing for over a hundred years.... and if you are going to put money into indexes, then you should be "dollar cost averaging", so it should not really matter very much.


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