What is the financially best and most efficient way to invest a sum of approx. €150K for a relatively short term (approx. 10-20 years). IMHO, State Savings Certs & and Prize Bonds appear to be the safest option and stock markets look to be at their highest. In summery:
Prize Bonds = Chance to win prizes every week, while able to recoup initial investment.
State Savings = Probably safest, but relatively poor interest rates.
Stock Market = Appears to be booming ATM so maybe not best time to invest.
Apologies for repeating the same old chestnut, but it's probably a grand question for long term lurkers and fantasists to kick around.
Apologies €150K for 10 years - possibly 20 years.
20 years can be a life span for some depending on age.
You've basically answered your own question with your bullet points to be honest...the EIIS scheme is the only other thing I can think of off the top of my head: https://www.harvestfinancial.ie/eiis-how-tax-relief-works/
Avoid prize bonds.
They don't give great returns, even if you have a portfolio large enough to win regularly.
If you like gambling there are better odds available at your local bookmaker.
This thread is worth a read...Any thoughts on Exchange-traded receivables?
Avoid prize bonds.
They don't give great returns, even if you have a portfolio large enough to win regularly.
If you like gambling there are better odds available at your local bookmaker.
is kinda important. Very different meaning to different people. All ideas on here are valid as its unclear if you are talking about aggressive growth or capital and "today's value" protection merely to beat inflation. I would imagine the answers to that would influence the most appropriate investment vehicle quite a bit.....financially best and most efficient way to invest a sum
I'm simply looking to maintain current savings by as secure means as possible rather than the "aggressive growth" strategy which could possibly compromise them.if you are talking about aggressive growth or capital and "today's value" protection merely to beat inflation.
Inflation erodes the return of every asset class*.
*except inflation-protected bonds, but these are not particularly mainstream.
While real assets are affected by inflation it is very different from the effect on fixed interest investments.
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