Call it what you will. "Taking a punt" on an aul share or two. I love taking a punt on a share (or a fund or whatevs) and on lots of other things.Investing in equities is not gambling.
Call it what you will. "Taking a punt" on an aul share or two. I love taking a punt on a share (or a fund or whatevs) and on lots of other things.Investing in equities is not gambling.
Alternatively you could gamble on some shares.
Call it what you will. "Taking a punt" on a share or two.
your pref is to keep the funds fairly accessible there arw good deposit rate at the moment esp with raisin.ie
2.5% is decent with instant access.
Just stick it into the googles man
Took me approximately 4.5 seconds to find the link below through google.Already did, couldn't find anything near 2.5% with instant access. That's why I asked for a link.
They're all fixed term rather than instant access/demand deposit accounts.Took me approximately 4.5 seconds to find the link below through google.
1st rate on the list is 2.55%
Happy depositing!
Deposit accounts for Irish savers: up to 3.50% AER | Raisin Bank
Compare deposit accounts ► High interest rates ► Savings up to €100,000 protected ✅ Open a free European savings account with Raisin Bank today!www.raisin.ie
Theyre a mix of fixed term from 6 minth out to 5 yrs or so and they also have easy access at good rates where, if you w/d before the term, you lose the interest.They're all fixed term rather than instant access/demand deposit accounts.
Theyre a mix of fixed term from 6 minth out to 5 yrs or so and they also have easy access at good rates where, if you w/d before the term, you lose the interest.
Again, just highlighting this as an option for people.
You can get 2.83% for 5yrs with Easy Access. Easy access means you can withdraw the money before the 5yr term ends, but you forfeit the interest. 3.15% for 5yrs without Easy access.
There are options for terms of 6months upwards.
www.raisin.ie
Inflation is c. 9%+. Just saying.3.02% as of today if left in for 3 yrs.
I went for a 1 yr easy access at 2.55%. Of course i take my cash out i dont get the interest but i plan to leave it there for the yr.
A good risk free return for the time being imo.
By that measure, global equities are down by c. 18% YTD in euro terms. Growth assets are equally impacted by inflation.Inflation is c. 9%+. Just saying.
Your risk free option is losing you c. 7% p.a.
Is this correct? It seems low for your profession and marital status. What is the gross figure? Are you jointly assessed?Monthly take-home pay =
Take home pay €4400
1. Where do I invest the cash we have? I am looking for investments with almost zero risk and where I can access the money within 24 hours if needed.
These statements are at odds with each other. If you are risk averse then why do you have any crypto at all?I have a feeling that crypto will spike again and I don't have any regrets holding a tiny proportion of my wealth in crypto
You need to sit down and really think about this. What kind of emergency do you foresee that requires €100k at the drop of a hat? Keeping this amount in cash probably only makes sense if you plan to trade up your PPR in the very near future but you've mentioned that this is probably unlikely until you have settled in a more permanent role and know your location. It's also worth noting that from January the central bank rules on LTI are changing so you only need 10% as a second time buyer.2. I like to keep €100k cash handy for emergencies, rainy days, etc. Is this amount appropriate?
This is probably your best approach but ensure that you find a fee based advisor and not a commission based advisorAll in all, I do agree that I will benefit from professional advice in this area, especially when I am not happy to take any risks when it comes to investments.
Yes, you can always make the argument for or against equities by carefully choosing the starting date.By that measure, global equities are down by c. 18% YTD in euro terms. Growth assets are equally impacted by inflation.
Did you not do the same thing in giving your real return figure for cash?Yes, you can always make the argument for or against equities by carefully choosing the starting date.![]()
Is this correct? It seems low for your profession and marital status. What is the gross figure? Are you jointly assessed?
These statements are at odds with each other. If you are risk averse then why do you have any crypto at all?
You need to sit down and really think about this. What kind of emergency do you foresee that requires €100k at the drop of a hat? Keeping this amount in cash probably only makes sense if you plan to trade up your PPR in the very near future but you've mentioned that this is probably unlikely until you have settled in a more permanent role and know your location. It's also worth noting that from January the central bank rules on LTI are changing so you only need 10% as a second time buyer.
You should be able to knock €60-70k off your mortgage tomorrow and then rebuild your cash fund with a plan in place to buy your next property in 3-5 years. Personally I think this is the best zero risk return that you are looking for and would allow you to buy a new PPR and move in before selling your current PPR.
This is probably your best approach but ensure that you find a fee based advisor and not a commission based advisor
Realistically you are going to have a high income for most of your career and your pension will be well looked after. The only real risk to your lifestyle is if you were unable to work so income protection is worth considering as a single income family.
I was making the point to another poster that their "risk free" deposit choice was anything but risk free as it was losing significant value in real terms.Did you not do the same thing in giving your real return figure for cash?
I’m not trying to make an argument against investing in equities - I’m simply pointing out that the real return on equities is not magically immune from inflation.
Inflation has nothing to do with the risk-free rate of return.I was making the point to another poster that their "risk free" deposit choice was anything but risk free as it was losing significant value in real terms.
But having this cash hanging around has a large opportunity cost.And having the cash ready gives me a great feeling that I can potentially buy a luxurious car on any day.