Clueless Clive
Registered User
- Messages
- 30
Hello All,
I hope you are well. Myself and my wife are 34 and are returning from a few years in Bahrain, where we have put our heads down and saved hard.
We are returning to rural Donegal, where the prospect of decent jobs is very minimal, it will really be earning enough to keep us in food. With this in mind, we are hoping you could help advise us on what to do with our savings?
Currently we have around 400,000 euro in cash in various accounts. We have paid off our house in Donegal (circa 125k). What we were thinking is:
Put 200,000 into 2x Buy to Let properties (100k each). 150K purchase price each roughly, means that we are putting a 66% deposit on each, with rent making up the mortgage. We are then thinking of putting 150k into a long term ETF (20 years) for our kids college requirements.
That leaves us with 50k, to buy new cars and as a buffer to reintegrate with for up to a year.
Would anyone suggest to diversify in a different way?
Thank you in advance,
Clive.
I hope you are well. Myself and my wife are 34 and are returning from a few years in Bahrain, where we have put our heads down and saved hard.
We are returning to rural Donegal, where the prospect of decent jobs is very minimal, it will really be earning enough to keep us in food. With this in mind, we are hoping you could help advise us on what to do with our savings?
Currently we have around 400,000 euro in cash in various accounts. We have paid off our house in Donegal (circa 125k). What we were thinking is:
Put 200,000 into 2x Buy to Let properties (100k each). 150K purchase price each roughly, means that we are putting a 66% deposit on each, with rent making up the mortgage. We are then thinking of putting 150k into a long term ETF (20 years) for our kids college requirements.
That leaves us with 50k, to buy new cars and as a buffer to reintegrate with for up to a year.
Would anyone suggest to diversify in a different way?
Thank you in advance,
Clive.