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BES investments are generally at the very high end of the risk/reward scale. You should probably only consider them once you have created a more balanced/diversified portfolio covering other asset classes (you seem very concentrated on domestic Irish (?) property right now), risk/reward profiles, geographic regions, investment timeframes etc. and catering to your short, medium and long term goals and how these need to be financed.Having been thinking about using some of the savings to invest in a BES windfarm company but need to get some tax/finance advice on this.
Focus on repaying your PPR mortgage before the two investment mortgages to maximise your tax relief.Personally, as your PRSA contributions are maxed out I'd look to start eating into the three mortgages in the most tax efficient way possible by overpaying. Look at the income that the two investments are generating and work out the tax relief situation.
BES investments are generally at the very high end of the risk/reward scale.
You should probably only consider them once you have created a more balanced/diversified portfolio covering other asset classes
Fair point - I guess the potential risk and reward profiles of an investment should be measured on separate scales!Definitely the high end of the risk scale, sadly in most people's experience they're at the low end of the reward scale.
Fair point - I guess the potential risk and reward profiles of an investment should be measured on separate scales!
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