Hi there,
I've got most of my savings in deposit accounts and maybe about 10% in investment funds. However I feel that I have too many eggs in one basket... I've lost faith in the ability of the Irish and UK govts to cover several banks going thermo nuclear at once, so I'm looking for some advice on how I can spread out my savings to whatever upsets are potentially on the cards.
Can anyone advise on what approach I could use? Should I look for a list of countries which are good financial shape (this list could be a very short) and spread money in deposit accounts there? Or are there other alternatives to deposit accounts? Maybe I should be looking at gold or some other relatively stable commodity? Or are there other "lateral thinking" approaches that people could suggest.
Ideally I'd like some sort of return, even if it is minimal; and I'm well aware that is a case of wanting to have your cake and eat it.
Any advice is appreciated
I've got most of my savings in deposit accounts and maybe about 10% in investment funds. However I feel that I have too many eggs in one basket... I've lost faith in the ability of the Irish and UK govts to cover several banks going thermo nuclear at once, so I'm looking for some advice on how I can spread out my savings to whatever upsets are potentially on the cards.
Can anyone advise on what approach I could use? Should I look for a list of countries which are good financial shape (this list could be a very short) and spread money in deposit accounts there? Or are there other alternatives to deposit accounts? Maybe I should be looking at gold or some other relatively stable commodity? Or are there other "lateral thinking" approaches that people could suggest.
Ideally I'd like some sort of return, even if it is minimal; and I'm well aware that is a case of wanting to have your cake and eat it.
Any advice is appreciated