Gloomtastic! wrote: » https://m.independent.ie/business/irish/apple-tax-pot-on-course-to-lose-70m-a-year-awaiting-verdict-cag-38547944.html So you’re given €14 billion to invest and hopefully make some sweet money for Ireland Inc. while the Apple tax case is underway. You put three very reputable investment banking firms in charge of the money and yet they manage to lose money on it! I bet their bills for management fees are still being sent regularly. So clever Boardsies, what would you invest the money in?
JMMCapital wrote: » Negative yields are no joke. Given the slowdown and negative yield environment I would avoid Europe first of all maybe look at allocating that 14 billion to one or two emerging market ETFs (VWO,EEM etc), private equity (not 100% sure about this as their seems to be a slowdown in this space, PE firms have a lot of cash piled up right now 2.1 trillion if I recall correctly also paying 8,9,10 times cashflow for a business might be quite risky), Treasury notes, Municipal Bonds and maybe keep a small bit in Gold.
Jim2007 wrote: » You just lost the client and are facing a law suite for failing to comply with the client's instructions.
JMMCapital wrote: » Its report says the National Treasury Management Agency (NTMA) and Apple jointly agreed in May 2018 to appoint the Bank of New York Mellon as escrow agent with the power to hold and release the funds. The following month, they appointed three asset management firms - Amundi, Blackrock and Goldman Sachs - to invest those funds into “highly rated euro-denominated fixed income securities”. Apologies Jim, I Didn't read the article should have done that Take out ETFs,private equity and gold then. stick to Treasury notes and maybe municipal bonds, stay clear of Europe.
pearcider wrote: » I would’ve put the whole lot into gold which is the only currency that is not subject to devaluation by bankrupt socialist governments. We’d be sitting on a 4 billion profit. Which would have funded the HSE for four months..
phantom_lord wrote: » The lay persons reaction to this news is pretty painful.
drunkmonkey wrote: » Speaking of lay persons reactions, I'm still trying to get my head around these kinda funds quote from Pascal, what funds is he taking about as a place to invest our money. "“If we do decide to make a change in carbon taxation in Budget 2020, that revenue will then be used in a way to either help people cope with the change they have to make to deal with climate change and changing their behaviour or we will use it in investing in the kinds of funds, the kinds of plans that are helpful for families and for businesses making a change,” he said."https://www.google.ie/amp/s/amp.independent.ie/irish-news/politics/finance-minister-paschal-donohoe-plays-down-likelihood-of-10-hike-to-carbon-tax-in-budget-38492977.html
phantom_lord wrote: » Does he mean funding grants for things like improving energy efficiency? Rather than investment funds?
drunkmonkey wrote: » Maybe that's what he meant, was just the way he said it at the time sounded more like he was off to invest it in funds. Is there a breakdown anywhere of where they actually invest as I know they said before they were getting out of funds which contained petrol companies that sort of thing.
Gloomtastic! wrote: » Hope you can you get Nurofen for your pain up there in your ivory tower. Poor thing. This lay person doesn't understand why, if the investment environment is really so bad at the moment, they can't just leave it sitting in the escrow account.
Jim2007 wrote: » We’re still waiting for you to demonstrate knowledge of the topic!
One More Toy wrote: » Ryanair shares
phantom_lord wrote: » Could buy Ryanair. Wouldn't really be a liquid asset though!
Jim2007 wrote: » You loose the client since you failed to follow their instructions..... Equities are excluded by the client's instructions...
Gloomtastic! wrote: » Ok, let's presume I'm the client now. I actually care about Ireland's taxpayers and believe that they should be treated with respect and therefore I instruct the investment bankers - you - to show a return on the €14,000,000,000 that we have in the bank for 12/24 months. What would you do with it?
