Starting Out
Registered User
- Messages
- 52
I am currently in a position where I have some money to put aside for some medium-term equity investment (~ €10k)
I do not however own my own property and am currently thinking I'll be buying a property in around one years time.
I'm trying to understand if from a financial point of view I would be best off:
(a) keeping my money for one year in a pretty liquid account where I have access to it and can then use to reduce my mortgage requirement when purchasing or...
(b) Investing in the hope of getting superior returns and in maybe 5-7 years time using the matured investment as a lump sum payment of my outstanding capital on my mortgage.
I have queried with a few banks and am getting responses telling me this is a personal choice. Can someone help me understand what option is better from a financial viewpoint.
Thanks
I do not however own my own property and am currently thinking I'll be buying a property in around one years time.
I'm trying to understand if from a financial point of view I would be best off:
(a) keeping my money for one year in a pretty liquid account where I have access to it and can then use to reduce my mortgage requirement when purchasing or...
(b) Investing in the hope of getting superior returns and in maybe 5-7 years time using the matured investment as a lump sum payment of my outstanding capital on my mortgage.
I have queried with a few banks and am getting responses telling me this is a personal choice. Can someone help me understand what option is better from a financial viewpoint.
Thanks