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Where to invest €150k

  • 05-01-2022 4:03pm
    Registered Users Posts: 127 ✭✭ MakersMark

    Hi all,

    Ill be coming into the above amount shortly, post CGT.

    Current situation:

    50 years old. Employed in private sector, reasonably sure of continued employment for next 5 years. Looking to take early retirement 7 or 8 years from now.

    Approx 800k in the markets - have been returning on average 18% annualised since 2009 - but this fund is closed to new contributions. Plan to change investment classes to lower risk, lower yielding in 2 years. Expect this to hit 7 figure in the next 3 years.

    2 rental properties, no mortgage, grossing approx 33k pa.

    Cash on hand €100k.

    Have mortgage balance on home of 95k, but on a tracker rate interest at 1.1%

    Upcoming expenses: potential house repairs, potential car replacement.

    I'm not interested in any more real estate.

    It hard to justify paying off the home mortgage at the low rate, but not really sure where else to put the money.

    I'm averse to Crypto and individual stocks - much prefer wide ranging mutual funds.

    Part of me says to pay off the mortgage, and install significant solar PV to offset future energy bills, but I realise this may not be best use of funds.

    Would love to hear any inputs.