Hi folks,
Sorry I know there are plenty of threads like this but I guess everybodies situation is different.
I have a RaboDirect deposit account and I drip feed 1K per month to an Anglo Irish regular saver account. There are 10 months to run before the 2 years is up and the account closes. I am trying to decide now what to do with the money at that time. I want to research all my options ahead of time. I have loaned my brother 15K which I will be getting back in a year or so. I plan on leaving ~10K in the RaboDirect account for a rainy day (unless the highest interest rate conditions change) and basically want to know what to do with the rest of it. Assuming I maintain my current rate of saving and hopefully will have had one or two pay increases, I expect to have 35K to invest somewhere.
My long term goal is to buy a good house for myself in the midlands in maybe 5 years time. Are managed funds like Quinn's ones the best option? I have a relatively high attitude to risk in that I am still relatively young with no ties. I don't really want to have to monitor my investments performance every day so something hands off like a fund seems to suit.
I have read through several threads and there seems to be very good advice here. Although ultimately I will decide what's best, what would people recommend? I am happy to share more information about my current situation if that will help.
Age: 25
Base Salary: 34K EURO
Benefits: Free VHI, phone, broadband, laptop, company pension scheme along with plenty of stock programs.
Total savings (excluding stock): 34K EURO (14K can't be touched for 10 months and 15K loaned to brother)
Total Stock Value: 7,000 EURO
Average Savings per month: 1000 EURO per month
Outstanding Loans/Debts: None
Sorry I know there are plenty of threads like this but I guess everybodies situation is different.
I have a RaboDirect deposit account and I drip feed 1K per month to an Anglo Irish regular saver account. There are 10 months to run before the 2 years is up and the account closes. I am trying to decide now what to do with the money at that time. I want to research all my options ahead of time. I have loaned my brother 15K which I will be getting back in a year or so. I plan on leaving ~10K in the RaboDirect account for a rainy day (unless the highest interest rate conditions change) and basically want to know what to do with the rest of it. Assuming I maintain my current rate of saving and hopefully will have had one or two pay increases, I expect to have 35K to invest somewhere.
My long term goal is to buy a good house for myself in the midlands in maybe 5 years time. Are managed funds like Quinn's ones the best option? I have a relatively high attitude to risk in that I am still relatively young with no ties. I don't really want to have to monitor my investments performance every day so something hands off like a fund seems to suit.
I have read through several threads and there seems to be very good advice here. Although ultimately I will decide what's best, what would people recommend? I am happy to share more information about my current situation if that will help.
Age: 25
Base Salary: 34K EURO
Benefits: Free VHI, phone, broadband, laptop, company pension scheme along with plenty of stock programs.
Total savings (excluding stock): 34K EURO (14K can't be touched for 10 months and 15K loaned to brother)
Total Stock Value: 7,000 EURO
Average Savings per month: 1000 EURO per month
Outstanding Loans/Debts: None