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50,000 to invest

  • 04-04-2021 8:07pm
    #1
    winning21
    Registered Users, Registered Users 2 Posts: 2 ✭


    Hi, we have around 50,000 that we would like to put somewhere safe. Don't really need anything with it at min, no need for pension etc. Not necessarily to take a big gamble or get a big return but maybe a 10yr plan that'll be better than sitting in bank. No experience of investing or anything, maybe a little afraid. Any advice?


Comments

  • #2
    Irishphotodesk
    Registered Users, Registered Users 2 Posts: 1,896 ✭✭✭Irishphotodesk


    State savings 10yr bond or prizebonds


  • #3
    spuddy
    Registered Users, Registered Users 2 Posts: 823 ✭✭✭spuddy


    winning21 wrote: »
    Hi, we have around 50,000 that we would like to put somewhere safe. Don't really need anything with it at min, no need for pension etc. Not necessarily to take a big gamble or get a big return but maybe a 10yr plan that'll be better than sitting in bank. No experience of investing or anything, maybe a little afraid. Any advice?

    Do you have a mortgage and / or pensions?


  • #4
    winning21
    Registered Users, Registered Users 2 Posts: 2 ✭winning21


    No mortgage, 2 public sector workers so will have full pension hopefully and also have some AVCs contributed towards. Also have a fund for kids college taken care of.


  • #5
    bilbot79
    Registered Users, Registered Users 2 Posts: 2,080 ✭✭✭bilbot79


    Following this as I have 270k to put somewhere for a year


  • #6
    spuddy
    Registered Users, Registered Users 2 Posts: 823 ✭✭✭spuddy


    winning21 wrote: »
    No mortgage, 2 public sector workers so will have full pension hopefully and also have some AVCs contributed towards. Also have a fund for kids college taken care of.

    Great position to be in. If you've no debt, fully funded pensions, no other investment experience, & you don't want to leave the money in the bank, I'd strongly recommend you get professional advice.


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  • #7
    Shedite27
    Registered Users, Registered Users 2 Posts: 9,469 ✭✭✭Shedite27


    Yeah talk to a broker to get some options. A low cost index fund would be my preference, just track the market without thinking too much about it. Spread it across some continets to reduce the risk of any one country going belly up.

    Whatever broker you go to, you need to ask him:
    1. Of the 50,000 you're giving him, how much goes to your fund (ie after government 1% levy, brokers charges etc, try to get 100%).
    2. How much management charges will the company minding my money take each year (make sure it's less than 1%).


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