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You inherit 100k. Name one thing you would invest it in and one you would avoid

Gerry Rio

Lets say you inherit/earn/have in the bank 100 thousand euros. What area would you invest it in and what would you avoid?

To invest in:

Property. Say what you like about the Irish market but I think as long as you're not going to sell it for 10-15 years you will make money here.

Something Cloud computing based. Its the future folks. We will look at physical storage space years from now like we look at Amiga computers today.

To avoid:

Sunbed salons. I had to talk a friend out of buying one of these last year as I feel it is only a matter of time before legislation kicks in that outlaws them. The government have already stepped in banning anyone under the age of 18 using them so I feel it will be just another 3-5 years before they're gone altogether.

Internet Cafes. How there are any of these left is a mystery in itself.

Vaping/E Cigs. The new "hey! I can do that too!" business on the block. Too many at it, low cost of barriers to entry and another that is just one government bill away from putting you out of business.

Note: this is merely a hypothetical question and any "lend us a fiver?" PMs will be ignored

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Gerry Rio

Desolation Of Smug wrote: »

Tell that to Apple..

The iPhone is 8 years old. Something tells me it will be with us for a lot more than ten

MarkAnthony

I relaunch Amiga, for the billionth time.

That or start my Irish porn studio.

PrettyBoy

This year I invested in pumpkins. They've been going up the whole month of October and I've got a feeling they're going to peak right around January.

evolving_doors

Invest in Property folks
Avoid Property folks

sibby

Alibaba!
Jack Ma is on to a winner there

W123-80's

Gerry Rio wrote: »

Maybe. Im sure 100k would get you a 300-500k loan from a bank however. Cash is king.

Not unless you can show decent cash flow along with it.
Secure job or some sort of income..

Eugene Norman

dotsman wrote: »

But rental demand is not decreasing - it's increasing. And courtesy of the Central Bank it will only increase further. Rental yields are currently so high that, not only would a property investor make an excellent return today, but they also have a serious cushion against any interest rate increases (which won't happen for many years). The central bank is gambling on (with the massively curtailed credit) that domestic demand for property purchases will decrease and, thus, house prices will stabilise (they have a long way to go before that - some properties are still overvalued, others undervalued). However, foreign investors, who don't suffer from the central banks restrictions, could easily clean up, resulting in a huge shift in demographics in this country, with a huge proportion of the population destined to be permanently stuck in the rental market, paying rent to foreign landlords.

Rental demand is slowing. Furthermore it effectively depends on the rest of Europe not growing as it isn't natural increases in population which increased demand in dublin but immigration from the PIGS. A mere 14 months ago all was doom and gloom , now after one year of growth, we think we are out of the woods.

In fact all housing markets depend on credit. Most buyers in healthy markets are on credit. You are speculating about foreign cash dominating the market but that's not even true of London and there isn't any evidence here, except for the odd selloff by NAMA. The super rich don't care about apartments in Raheney.

Assuming that cash will continue to dominate the market is nonsense. Assuming that interest rates won't ever rise is nonsense. If QE works then the EU economy grows, and interest rates will rise and ireland, which has had the worst number of mortgage arrears in history will crash again. Domestic demand will crater.

Besides that the rental crisis isn't just going to continue even before an interest rate crash because the next election is going to shift massively to the left. It's easy to push developers to develop, just tax their unbuilt land, of which we have plenty. Every time property rises in ireland there are different reasons why "this time is different".

Not that a piddling 100k would buy anything in dublin anyway. Even if it helped you get the 350k loan someone mentioned you would need to earn 100k. Scrape all that together and you still couldn't get a 3 bedroom in any decent part of the southside.

This isn't academic for me. I lived in Bristol until recently and am selling the house I co- owned with a partner. After taxes I will have more than 150k in euro. In no way would I spend that in Dublin. Might as well set it alight.

Joe prim

Invest in ;

Hookers or Coke

Avoid;

Hookers and Coke

MarkAnthony

Joe prim wrote: »

Invest in ;

Hookers or Coke

Avoid;

Hookers and Coke

The last thing you want is to be all bloated when you're trying to ride, it also rots your teeth.

[Deleted User]

Eugene Norman wrote: »

Assuming that cash will continue to dominate the market is nonsense. Assuming that interest rates won't ever rise is nonsense. If QE works then the EU economy grows, and interest rates will rise and ireland, which has had the worst number of mortgage arrears in history will crash again. Domestic demand will crater.

Anytime there is a thread on property there is always one or two doom and gloom merchants on about interest rates rising. Interest rates are going nowhere, a year ago people were saying "what will you do when interest rates go up" and what way did they go? Down. Now is a fantastic time to be getting a mortgage, rates are low and the signs are they will be staying low for some time to come. The fact banks are fixing at fairly low rates over very long terms is a good sign they also think they wont be rising any time soon.

Gerry Rio

Eugene Norman wrote: »

Not that a piddling 100k would buy anything in dublin anyway. Even if it helped you get the 350k loan someone mentioned you would need to earn 100k.

You would need to be earning 100k a year even though you'd already have that amount in collateral? Just goes to show how long it has been since I spoke to a bank manager!

9bred4

MarkAnthony wrote: »

The last thing you want is to be all bloated when you're trying to ride, it also rots your teeth.

Which one?

RobertKK

The stock market, areas like biotech which I have some knowledge in.
It's high risk/high reward.

macnug

You'd get two 2 bed apartments in Spain for that money, should get around 8-10% gross plus you'd have two holiday homes in the winter months.

RobertKK

Gerry Rio wrote: »

The iPhone is 8 years old. Something tells me it will be with us for a lot more than ten

Agree, the talk is now that Apple plan to make electric vehicles, rumoured launch date of 2020 for the Apple car.

Sleepy

Give me 100k and I'd be very boring with it: clear my debts, change the car, book a cheap holiday for the summer and put the rest on deposit for 6 months to a year so I could build a savings record before applying for a mortgage.

If I *had* to invest it, I'd be inclined to simply buy the FTSE250 index.

Gerry Rio

RobertKK wrote: »

Agree, the talk is now that Apple plan to make electric vehicles, rumoured launch date of 2020 for the Apple car.

The Apple self driving cars? I think they were pushed back to 2035 for further testing.

diomed

Invest
Shares in old stuff like food and drink, but only when the stock market tanks.

Avoid
Internet, computers, social media, drugs, any new ideas.
Everyone wants in, and that means you pay high prices for nothing.
Yahoo shares were once selling at 630 times their annual profit. Dell computer shares were selling at three times all the personal computers in the world. New technology like trains, electricity, telephones, aviation attracted investors in droves, and few made money.

Saipanne

Hilly Bill wrote: »

Irish Water, it seems popular

I-Winned in three.

catbear

The steller rebound in apples fortune was down to Steve jobs being back on board. I don't think there's anything concrete to follow the last decades success.
It's not long ago that Nokia dominated the mobile market.

Gerry Rio

Sleepy wrote: »

If I *had* to invest it, I'd be inclined to simply buy the FTSE250 index.

diomed wrote: »

Invest
Shares in old stuff like food and drink, but only when the stock market tanks.

Id give shares a very wide berth. I think we're due another "Black Monday" or similar every 7-10 years. That would be all your money effectively gone in one day.

namloc1980

Property is not a great investment. A lot of hard work dealing with tenants, taxes, wear and tear, fluctuations in interest rates, landlord regulations etc. Shares in blue-chip dividend paying companies is the way to go. Let the CEO of the company deal with the headaches!

Gerry Rio

namloc1980 wrote: »

Property is not a great investment. A lot of hard work dealing with tenants, taxes, wear and tear, fluctuations in interest rates, landlord regulations etc.

Isnt that what Letting Agents are for?

AlteredStates

Id invest in people and avoid investing in material things

[Deleted User]

Gerry Rio wrote: »

Isnt that what Letting Agents are for?

Yeah if you want to pay them and if you trust them to do things to your standarts. If I ever rent out a property I would be managing everything myself, in fact I quite like the idea of having a property or two let and be looking after it as a sideline to my main job.

Baggy Trousers

I am semi-retired now in mid 40s thanks to equity investments but I got very lucky and I have seen others get badly burned, mainly due to greed. I once got a tip-off on an exploration company that was about to "hit the bigtime"; I took a gamble and invested all my savings in that company. I quadrupled my investment and got out. Some would call this insider trading (and it probably is) but I learned that it was impossible to predict the markets and shares prices longterm especially in the internet age. I know I was lucky and that same company subsequently became a sick dog! I would not gamble on shares now unless I knew someone working in or close to that company. I have also seen people get false information and getting badly burned (IT and Pharma investments especially) so be very very careful. I also remember getting a short term loan out to buy those Telecom Eireann shares - I got out after a week and made 10% ish but I was one of the few, they started dropping after that and never recovered the float price.
Make sure you set thresholds if you do start a portfolio i.e. sell if they go up 10% or down 10%. Its the only way to de-risk.

the evasion_kid

I'd buy a motorbike, a tent and travel,bury the money in various locations, and become a kind of high plains drifter

WoollyRedHat

Sugar.
In America, first you get the sugar, then you get the power, then you get the women!

Earthhorse

New plan: buy up all the remaining Pink Snacks and hold onto them till a few months before their best before. Then start auctioning them on eBay in a nostalgia fuelled throwback to Tulip mania in Holland.

Gerry Rio

Cyrus Rich Nanny wrote: »

Yeah if you want to pay them and if you trust them to do things to your standarts.

Its people like that you'd have to research thoroughly first though. Im guessing their fee would then match their reputation.