Shares Advice - Zurich Investment and then?

AMacNiadh

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Hello there Brendan

First post here, looking for some investment advice. I recently came into some money (settlement from a traffic accident) and have been looking around for a good place to invest it. After getting some advice from a broker (I put my SSIA into Aviva and this broker now handles that investment) we've decided to go with a new Zurich fund "Easy Access investment bond" as we might need to get the money quickly in the next six months in order to buy a house.

We still have 35K left over and we're wondering where we might invest it? There are so many options out there. I don't want to put any more with the Aviva shares and I don't want to put any more in Zurich? Would you have any suggestions?

Thanks for any help and advice.
 
After getting some advice from a broker (I put my SSIA into Aviva and this broker now handles that investment) we've decided to go with a new Zurich fund "Easy Access investment bond" as we might need to get the money quickly in the next six months in order to buy a house.

An observation: If you need to have quick access to cash like this, then the only option is a deposit account or similar and any adviser that suggests otherwise has more concern for his commissions than your best interests....
 
Agree with above. Easy access and investment shouldn't really be in the same sentence!
 
You could invest in shares and have easy access

The point is that equities are more volatile than cash, so you should not invest in them if your time horizon is lest that about 5 years (I think Irish advisers say 3 years, but Swiss advisors always say 5), otherwise you may be forced to sell at a loss because you can not wait for things to turn around.
 
The point is that equities are more volatile than cash, so you should not invest in them if your time horizon is lest that about 5 years (I think Irish advisers say 3 years, but Swiss advisors always say 5), otherwise you may be forced to sell at a loss because you can not wait for things to turn around.

100% correct.

It is inappropriate to make a high risk investment when you've such a short time horizon.

The broker is being paid commission here.

Run...fast.
 
The point is that equities are more volatile than cash, so you should not invest in them if your time horizon is lest that about 5 years (I think Irish advisers say 3 years, but Swiss advisors always say 5), otherwise you may be forced to sell at a loss because you can not wait for things to turn around.

We say 5 years too, 3 years is far too short a period for investing.

OP, what will happen if the markets tank in the next few months? What will happen to your ambitions to but somewhere to live?

If you have short term plans for your money, leave it on deposit so you do not risk losing any of it. Telling you to put it in an investment bond is bad advice.

Steven
www.bluewaterfp.ie
 
Just a note to what ever you choose to do, is that if a broker is being used, it's not for free. These people work on Commissions earned from selling product. A commission is earned immediately when the dotted line is signed and thereafter until you exit the product. And if you are told that's it in fees, that is rubbish. There is a complex scheme in all these companies.

Plus be careful whatever you are investing in might have an exit penalty when you cash in.

READ THE SMALL PRINT AND TAKE NOTHING FOR GRANTED. It is near impossible to place trust in Insurance companies commission agents. I know as got very badly burnt. Biggest does not always mean best.
 
I'm looking into this at the moment. The fees are higher than the non easy access investments I have with Friends First. It'll cost ya upwards of 2% fees per annum before you earn any interest at all . . .. . . if you have already invested it I would wait until it's recuperated those fees and then easy access your money out of there before you lose your savings for a house.
 
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