Not sure if this is the correct forum, if not please move.
I am in the very fortunate position to have over €220k built up. This is through a lot of hard work and saving, getting very lucky with an investment I made and some inheritance.
I am now unsure of where to invest it. My details are, 32 years old, living in Dublin. Renting an apartment with partner at €1150pm. We plan to stay in Dublin, but enter the green card lottery and if we were successful we would emigrate to the US.
I was originally going to invest a large chunk of it in the S&P500, Eurostox, emerging markets and hold some cash. But I'm thinking maybe I should buy a home with it and live mortgage/rent free. We've identified a house and an area that we could live in, although we would prefer another area but if we want to be mortgage free we will have to stay in this particular area.
We considered taking a mortgage and living somewhere else but then decided against that. The plan would be to buy this house and then invest in stocks with the money we would have paid in rent.
Can anyone offer any advice? Am I mad to buy a property at the moment due to the foreclosure stuffing and lack of supply? I think I can make a nice return on the stocks, but may also lose a large chunk of my wealth.
Any thoughts on our plan?
I am in the very fortunate position to have over €220k built up. This is through a lot of hard work and saving, getting very lucky with an investment I made and some inheritance.
I am now unsure of where to invest it. My details are, 32 years old, living in Dublin. Renting an apartment with partner at €1150pm. We plan to stay in Dublin, but enter the green card lottery and if we were successful we would emigrate to the US.
I was originally going to invest a large chunk of it in the S&P500, Eurostox, emerging markets and hold some cash. But I'm thinking maybe I should buy a home with it and live mortgage/rent free. We've identified a house and an area that we could live in, although we would prefer another area but if we want to be mortgage free we will have to stay in this particular area.
We considered taking a mortgage and living somewhere else but then decided against that. The plan would be to buy this house and then invest in stocks with the money we would have paid in rent.
Can anyone offer any advice? Am I mad to buy a property at the moment due to the foreclosure stuffing and lack of supply? I think I can make a nice return on the stocks, but may also lose a large chunk of my wealth.
Any thoughts on our plan?