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Cant Decide what to do with 20k

  • 12-05-2010 09:56PM
    #1
    Thargor
    Registered Users, Registered Users 2 Posts: 18,454 ✭✭✭✭


    Ive been agonising over what to do with 20k for the last couple of weeks with all the crap thats been happening. I dont need the money and I dont mind a bit of risk, I dont think Im going to go for Rabofunds now with all the doom and gloom stories everyday about the declining dollar, inflation, the Euro crisis and the Asian property bubble, it just smells to my untrained nose like how I got burned by my other 30k worth of BoI smart funds that I bought during the boom that Im stuck with now for another couple of years.

    Do basically I just want to ask, what would you do with 20k? Im not interested in a stock portfolio at the minute as Im still educating myself. I wish Id put it in gold 6 weeks ago but thats 20:20 hindsight, would gold still be a safe investment longterm if I was to buy in next week do you think? Whats the best way to buy gold from Ireland anyway?

    Would really appreciate anyones advice on this.


«1

Comments

  • #2
    Atlantic Dawn
    Registered Users, Registered Users 2 Posts: 86,596 ✭✭✭✭Atlantic Dawn
    GDY151


    I'd get the 20k and buy dollars with it.


  • #3
    Thargor
    Registered Users, Registered Users 2 Posts: 18,454 ✭✭✭✭Thargor


    Is there not going to be high inflation with quantitative easing and the deficit and everything? How much do you think it would increase by in a year say?


  • #4
    buck65
    Closed Accounts Posts: 4,969 ✭✭✭buck65


    BP


  • #5
    jinghong
    Registered Users, Registered Users 2 Posts: 141 ✭✭jinghong


    Thargor wrote: »
    Is there not going to be high inflation with quantitative easing and the deficit and everything? How much do you think it would increase by in a year say?

    austerity = less consumer spending = Japan = deflation

    Inflation may be forced on by more expensive imports to eurozone: 30% drop against the indian rupee lately, might balance out deflation

    although the euro might stop dropping now the predators have to find something else to feast on


  • #6
    Thargor
    Registered Users, Registered Users 2 Posts: 18,454 ✭✭✭✭Thargor


    Yeah Ive been thinking about gold all day tbh, stick it in there and forget about it for a while, it would be a relief just to have done something with it at this stage, any chance of gold coming down a bit next week do you think?


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  • #7
    Bullish
    Registered Users, Registered Users 2 Posts: 535 ✭✭✭Bullish


    This might be of interest to you.

    http://www.cnbc.com/id/37128062

    Best to do your own research and then research some more and make a decision. You will get polar opposite views on gold depending on who you talk to.


  • #8
    Thargor
    Registered Users, Registered Users 2 Posts: 18,454 ✭✭✭✭Thargor


    Hmmm, Ill stay reading for a week or so anyway, thanks.

    What about silver? Is that expected to do what gold does or are they completely different?

    Wasnt there a guy with a link to a gold trading blog in all these threads saying buy gold a minute ago? Did he get deleted?


  • #9
    tolkarovers
    Registered Users, Registered Users 2 Posts: 28 ✭tolkarovers


    Gold
    GLD etf

    going to see this double in 2 years


  • #10
    RizzoJR
    Registered Users, Registered Users 2 Posts: 85 ✭✭RizzoJR


    Atlantic Dawn wrote: »
    I'd get the 20k and buy dollars with it.

    too late for that!


  • #11
    RizzoJR
    Registered Users, Registered Users 2 Posts: 85 ✭✭RizzoJR


    Thargor wrote: »
    Yeah Ive been thinking about gold all day tbh, stick it in there and forget about it for a while, it would be a relief just to have done something with it at this stage, any chance of gold coming down a bit next week do you think?

    from your posts
    your logic seems complete backward

    you are afraid of stocks and funds cause of the so called turmoil and crash
    but prefer gold??!! Golds at a record high??

    you are too fearful, but have humility to admit you dont feel educated enough to invest

    so best advice stick it all in high interest deposit


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  • #12
    WildBoots
    Closed Accounts Posts: 337 ✭✭WildBoots


    Put 7.5K into natural gas stocks, 2.5K of silver coins and the rest physical gold. You wont be sorry.


  • #13
    RizzoJR
    Registered Users, Registered Users 2 Posts: 85 ✭✭RizzoJR


    WildBoots wrote: »
    Put 7.5K into natural gas stocks, 2.5K of silver coins and the rest physical gold. You wont be sorry.

    what model of crystal ball are you using??


  • #14
    WildBoots
    Closed Accounts Posts: 337 ✭✭WildBoots


    RizzoJR wrote: »
    what model of crystal ball are you using??

    The "common sense" model.

    Let's wait 12 months and see what happens. If I'm wrong I'll not only eat my hat but I'll post you an ounce of silver too!


  • #15
    Raytown Rocks
    Registered Users, Registered Users 2 Posts: 814 ✭✭✭Raytown Rocks


    Give some of it to this guy!!!!

    http://www.boards.ie/vbulletin/showthread.php?threadid=2055911458


  • #16
    mickman
    Closed Accounts Posts: 4,660 ✭✭✭mickman


    inflation will arrive and be very bad not it prob wont come for a few years. we are still in deflation. spains figures this morning showed the first core inflation drop since 1986 (that means even fuel prices are falling)

    id stick it in the bank for 2-3 yrs


  • #17
    Thargor
    Registered Users, Registered Users 2 Posts: 18,454 ✭✭✭✭Thargor


    What will I get in the bank these days though, 2.5%? I dont need it so I want to invest it, Im seriously thinking BP now:

    http://www.telegraph.co.uk/finance/personalfinance/investing/shares-and-stock-tips/7704945/Share-tips-buy-BP.html


  • #18
    Bullish
    Registered Users, Registered Users 2 Posts: 535 ✭✭✭Bullish


    Just give it to me ... i promise i will have a great time with it and even send you photos ...... thats probably a better return than you will get from BP


  • #19
    Thargor
    Registered Users, Registered Users 2 Posts: 18,454 ✭✭✭✭Thargor


    Why does nobody on this forum qualify their statements? :p

    It has to come up again doesnt it?

    What would you invest 20k in right now?


  • #20
    Bullish
    Registered Users, Registered Users 2 Posts: 535 ✭✭✭Bullish


    I would buy stocks, DZZ a reverse ETF for Gold
    and hold it till GLD ( the gold ricker) hits about 116 dollars. at that point exit DZZ and enter GLD again.

    But if I was not trading I would put it in a high yield account.

    You have switched from Gold to BP two extremes ..... BP will probably bounce here but i know a lot of people are just waiting to short it ..
    So I would not recomend BP .

    wait for a week or 2 unless you are in a rush to get your ass kicked ... and when everyone starts moaning about how gold is so terrible .. Then buy it .

    Just my 2 cents worth


  • #21
    Thargor
    Registered Users, Registered Users 2 Posts: 18,454 ✭✭✭✭Thargor


    Okay I still haven't invested, what do people think of BP now? down another 10% since I last asked, Im really tempted to just go for it, its lost 50 billion in market cap since this kicked off and cleanup estimates are only around 10% of that:

    http://www.google.com/finance?q=LON:BP

    Then again the leak is still going strong :confused:


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  • #22
    tolkarovers
    Registered Users, Registered Users 2 Posts: 28 ✭tolkarovers


    goldman sachs


  • #23
    WildBoots
    Closed Accounts Posts: 337 ✭✭WildBoots


    Thargor wrote: »
    Okay I still haven't invested, what do people think of BP now? down another 10% since I last asked, Im really tempted to just go for it, its lost 50 billion in market cap since this kicked off and cleanup estimates are only around 10% of that:

    http://www.google.com/finance?q=LON:BP

    Then again the leak is still going strong :confused:

    Buy natural gas stocks and physical gold.


  • #24
    pocketdooz
    Registered Users, Registered Users 2 Posts: 1,559 ✭✭✭pocketdooz


    Give it to me.

    I'll invest it for you for 2% fees per annum and 20% of any upside.


    (Joking by the way Mods, showing the irony of hedge funds)


    .


  • #25
    Comordha
    Closed Accounts Posts: 562 ✭✭✭Comordha


    2000 in Citigroup Shares
    2000 in BP shares, nice dividend there for you too
    1000 in Aer Lingus
    2000 in Petroceltic International
    2000 in pure gold
    2000 in USD
    1000 in C&C
    1000 in Smurfit Kappa
    2000 in Uranium
    5000 in mixed renewables (Ocean Power Technologies, Vestas, Solarfun, Trina)


  • #26
    Thargor
    Registered Users, Registered Users 2 Posts: 18,454 ✭✭✭✭Thargor


    My account with NIB came online a day early yesterday so I took it as a sign and decided to pull the trigger, or at least half of it, 10k in BP @ 495, Im up 6.25% so far today, good going so far, the top kill procedure seems to be working. Im in for at least a year anyway so short term doesnt really bother me but its nice to see.

    Thanks a million for the advice people, still dont know what to do with the rest, kind of regret not putting it all in now but I want to diversify a bit. I am liking the idea of natural gas, what would you say is the best option there for 1 year+ investment? Same question for mixed renewables?


  • #27
    MacStacked
    Registered Users, Registered Users 2 Posts: 183 ✭✭MacStacked


    Thargor wrote: »
    Okay I still haven't invested, what do people think of BP now? down another 10% since I last asked, Im really tempted to just go for it, its lost 50 billion in market cap since this kicked off and cleanup estimates are only around 10% of that:

    http://www.google.com/finance?q=LON:BP

    Then again the leak is still going strong :confused:

    Thargor the issue with BP over the coming years is not just going to be the cleanup efforts but dealing with what will presumably be the biggest group of class actions in the history of corporate America if not the world. Thousands of cases are being filed and I would envisage most judges being extremely unsympathetic to BPs plight.

    http://www.prnewswire.com/news-releases/florida-class-action-filed-in-bp-oil-spill-disaster-93077039.html

    Also the huge government fines it faces have to be considered, $4300 dollars per barrel if BP are found to be grossly negligent, that could cost in the region of $66 Billion.

    http://www.guardian.co.uk/environment/2010/may/26/bp-extra-60bn-legal-costs

    I haven't done any analysis of BP as an investment, but these factors are certainly going to play a big part in the future profitability of the company.


  • #28
    WildBoots
    Closed Accounts Posts: 337 ✭✭WildBoots


    Thargor wrote: »
    My account with NIB came online a day early yesterday so I took it as a sign and decided to pull the trigger, or at least half of it, 10k in BP @ 495, Im up 6.25% so far today, good going so far, the top kill procedure seems to be working. Im in for at least a year anyway so short term doesnt really bother me but its nice to see.

    Thanks a million for the advice people, still dont know what to do with the rest, kind of regret not putting it all in now but I want to diversify a bit. I am liking the idea of natural gas, what would you say is the best option there for 1 year+ investment? Same question for mixed renewables?

    I'd get out asap, things might get very nasty for BP. I think it's a unnecessary gamble with far too much risk.


  • #29
    Dublin_Gunner
    Registered Users, Registered Users 2 Posts: 7,692 ✭✭✭Dublin_Gunner


    AMD and / or Apple.

    Since Intels Core 2 release and AMD aquisition of ATI, AMD share price hit an all time low, and is on the up again. They have a strong product portfolio with more to come this year. Unless the company goes under, its not much of a risk, and almost guaranteed return at this stage.

    Apple, recent release of iPad, and still strong sales of iPod & iPhone have led Apple to recently take over from Microsoft of the worlds biggest technology company.

    Their share price is going to just go higher over the next year or two, with constant upgrades to the 3 core consumer products mentioned.

    I stick the 10k between those two. You wont get a massive return (well, there's always a possibility), but you certainly should make a return on both investments.


  • #30
    Jim2007
    Moderators, Business & Finance Moderators Posts: 11,190 Mod ✭✭✭✭Jim2007


    Thargor wrote: »
    My account with NIB came online a day early yesterday so I took it as a sign and decided to pull the trigger, or at least half of it, 10k in BP @ 495, Im up 6.25% so far today, good going so far, the top kill procedure seems to be working. Im in for at least a year anyway so short term doesnt really bother me but its nice to see.

    Thanks a million for the advice people, still dont know what to do with the rest, kind of regret not putting it all in now but I want to diversify a bit. I am liking the idea of natural gas, what would you say is the best option there for 1 year+ investment? Same question for mixed renewables?

    Don't confuse speculating with investing...... you'd need between 5 to 7 positions in order to achieve a reasonable diversification and 20K is not nearly enough to do that and get a good return at the same time!

    A better option with 20K would be to go for a few ETFs and concentrate on asset allocation, in the end it will have a far bigger impact on your over all return than stock picking (see research by Garry Brenson)

    Good luck with that,

    Jim


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  • #31
    RoadKillTs
    Closed Accounts Posts: 1,710 ✭✭✭RoadKillTs


    My account with NIB came online a day early yesterday so I took it as a sign and decided to pull the trigger, or at least half of it, 10k in BP @ 495, Im up 6.25% so far today, good going so far, the top kill procedure seems to be working. Im in for at least a year anyway so short term doesnt really bother me but its nice to see.

    Be prepared for some restless nights Thargor :)

    We have no idea how much this is going to cost BP. Not just the operational costs to fix the leak but also the loss of earnings and also how much they will be fined when this mess is over.

    A risky investment imo. I'd take Jim's advice about putting the remaining 10k into ETF's.

    Best of luck with it.


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