Where to invest 65k

Prizebonds

A global index fund. It will have risk but it's well diversified. No one want's to lose their money but if it's an investment there will always be a level of risk.

It's important to know how long you are willing to wait to get it back. If you need the money on hand then your choices are very different to someone who's willing to wait 5 years.

john9876 wrote: »

Surely you can get 1% fixed rate bonds for a year, not a lot but safe.

Where do you get these? Any bonds I've looked at have had similar rates of return to deposit accounts.

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

Pay off any borrowings (Mortgage, credit card etc.).... If you still have a lump sum left... Maybe buy a State savings bond or leave it where it is.


https://www.statesavings.ie/our-products

I could have 50k by next week sitting in the bank as cash and have had similar thoughts on what to do with it other than leaving it in the bank account. I don't have large outgoings and by next year, the balance will be higher. Having cash in the bank is worrying for me in this climate and now I would be happy to invest. Bitcoin is to volitile for me but I'm still considering it. Maybe even short term using 5k for 5 years to see where it goes from there. Is gold still considered a good investment. I could afford to put 5kinto this. Even if I invested 20k this year how realistic would it be to have 100k in 10years with not to risky investments.

Would something like picking 13 investments of 5k each work best spread over time, that way you avoid the panic of losing money as your getting the average price over a few years.


Amount to invest = 65k
5k total for each investment
Invest $500 in each every 3 months
Total invested every 3 months is 6500


or you could pick 7 investments with more added

tobeme2020 wrote: »

Even if I invested 20k this year how realistic would it be to have 100k in 10years with not to risky investments.

Very unrealistic, I would think.

If you don’t want risk and want to take money from bank the only option is state savings. 10 year = 16% tax free is best available if you can afford to tie it up. If you know nothing about stocks or investments speak to an advisor from Irish life or equivalent and they will determine some good options for you based on your appetite for risk. Whatever you do don’t leave it festering in bank earning nothing.

Any investments in the stock market at this moment in time - you are essentially buying at the top which seems, from a logical point of view, a bad place to get in.

Now if you think that a share is undervalued and the fundamentals underpinning that thought process are sound, then provided you are not in a mad rush to get out, a sensible person would sell to take advantage of CGT allowance each year when possible, roping in wives/husbands buying options etc. to maximize returns by selling the amount that suits.

Have you looked to recoup previous years losses as a write off if you have an asset to dispose of?

If you have children, you can gift a child 3k a year and he/she will get the benefit of it without prohibitive tax when you eventually shuffle off this mortal coil.

Have you money in a credit union and particularly one that pays off an amount if you die?

Given your lack of desire for risk which is completely understandable, state savings are probably your best option.

I mentioned the others benefitting options as some don't consider the same.

As for reading books about investment, I think most of the authors if they were savvy and capable would not be writing books giving away easy money grabs! If anybody knows of any such book, I will seek it out and read it myself and follow it religiously.

Remember Eddie Hobbs was the man at one stage in Ireland. Sean Quinn fell from grace. The guys who looked like they knew what they were doing were gambling.

Investment is such that you should be taking something off the table, not getting greedy and following the data.

Risk 5% in the mad schemes if you think there is a chance that it may pay off. Try and protect the 95%.

Your investment options are only restricted by the limits of your imagination or what you can learn along the way.

In summary 5 years savings certificates...
The caveat being are the government going to raid personal savings to pay for current events? Will the state default and leave you up **** creek? On the bright side, everybody will be in the same position and then you will wish you had spent it on guns!

kapisko1PL wrote: »

As with every investment, there comes the risk. Bigger rewards usually mean more risk but neither of the two are guaranteed.

If I was you and didn't know what to do, I would invest it into ETFs. Perhaps have a look at Vanguard SP 500 index fund. The SP500 index tracks the performance of the biggest 500 companies on the stock market and moves up and down accordingly. It will definitely yield better results in the long term than the mere 0.02% in your deposit account. And they also pay quarterly dividends of around 2.5%.

This means that every year you are most likely to get an additional return of 2.5% on your investment from dividends alone. This translates into 1,650 euro per year or an extra passive income of 135 euro a month. If you reinvest your dividends, you're very likely to make a fortune in about 10 years.

That's my two cents.

I thought we (as Europeans) couldn't buy the S&P500 anymore? has this changed?

namloc1980 wrote: »

You can buy European based ETFs which track the S&P500 etc.

great thanks, whats the difference between them and the Vangaurd?

DO you know the names of a few?

thefridge2006 wrote: »

great thanks, whats the difference between them and the Vangaurd?

DO you know the names of a few?

Check out this website:
https://www.justetf.com/en/find-etf.html

Here's the Vanguard S&P 500 ETF:

https://www.justetf.com/en/etf-profile.html?groupField=index&ic=Vanguard&from=search&isin=IE00B3XXRP09

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

It's best to start investing in the financial market ! The risk you will not avoid . Big money requires risk, it is 100%. Choose the exchange you want to trade on, study the instruments of earning, types of analysis and practice will help you. Errors will happen anyway.
The main thing is not to waste time on crypto, it's cheating.