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Long term investment

  • 05-05-2019 8:47pm
    #1
    Sniipe
    Registered Users Posts: 2,932 ✭✭✭


    My nephew is 1 shortly. I was pondering on giving him €1k and let this do him for 17 years worth of birthdays. His parents are minimalist and he doesn't live nearby.

    What's a good place to invest it for him? I see 1.5% APR. Is there a better option?


Comments

  • #2
    Teddy Daniels
    Closed Accounts Posts: 445 ✭✭Teddy Daniels


    Sniipe wrote: »
    My nephew is 1 shortly. I was pondering on giving him €1k and let this do him for 17 years worth of birthdays. His parents are minimalist and he doesn't live nearby.

    What's a good place to invest it for him? I see 1.5% APR. Is there a better option?

    i thought you were saying that you be giving him 18k :), you need to beat inflation so stick it in UK 10 year bonds.


  • #3
    Jim2007
    Moderators, Business & Finance Moderators Posts: 9,981 Mod ✭✭✭✭Jim2007


    Teddy Daniels wrote: »
    i thought you were saying that you be giving him 18k :), you need to beat inflation so stick it in UK 10 year bonds.

    And see it wiped out by FX! You are talking about a country that has not produced a positive balance of trade in over 30 years, a country who is about to walk away from trade agreements covering 90% of it's exports, a country who is about to loose passporting of financial services into Europe and a country who's central bank's reserves are only a fraction of that of the ECB or Swiss National bank so it will not be able to defend the pound over a sustained period without causing massive inflation...... Why the hell would you go investing in such a country when there are so many alternatives that do not require such risk taking?


  • #4
    Teddy Daniels
    Closed Accounts Posts: 445 ✭✭Teddy Daniels


    Jim2007 wrote: »
    And see it wiped out by FX! You are talking about a country that has not produced a positive balance of trade in over 30 years, a country who is about to walk away from trade agreements covering 90% of it's exports, a country who is about to loose passporting of financial services into Europe and a country who's central bank's reserves are only a fraction of that of the ECB or Swiss National bank so it will not be able to defend the pound over a sustained period without causing massive inflation...... Why the hell would you go investing in such a country when there are so many alternatives that do not require such risk taking?

    Night is darkest just before the dawn.


  • #5
    Sniipe
    Registered Users Posts: 2,932 ✭✭✭Sniipe


    Perhaps I should buy him lego :)


  • #6
    drunkmonkey
    Registered Users Posts: 28,069 ✭✭✭✭drunkmonkey


    Microsoft or Disney


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  • #7
    BrokenArrows
    Registered Users Posts: 7,500 ✭✭✭BrokenArrows


    Sniipe wrote: »
    My nephew is 1 shortly. I was pondering on giving him €1k and let this do him for 17 years worth of birthdays. His parents are minimalist and he doesn't live nearby.

    What's a good place to invest it for him? I see 1.5% APR. Is there a better option?

    For 1k, just buy prize bonds and choose the option to reinvest any winnings.
    In 17 years it might be worth a good bit, or just 1k :D

    A bit of a surprise for him, either way in 17 years 1k will still be a good bit of money.


  • #8
    Donald Trump
    Registered Users Posts: 19,018 ✭✭✭✭Donald Trump


    You could always put it into some risky investment with a finite chance of very high return for him.

    Or buy him a few teddy bears and a few cardboard boxes he can play with now


  • #9
    Jim2007
    Moderators, Business & Finance Moderators Posts: 9,981 Mod ✭✭✭✭Jim2007


    Teddy Daniels wrote: »
    Night is darkest just before the dawn.

    And that is the best you can come up with in defence of your investment suggestion... in other words you have not got a clue and are just repeating what the talking heads said.


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