Now with equities, it is another story. The markets have come back very quickly from their lows of a number of years ago. As you are working in an American company, you know this. With a decent firm of brokers and a decent portfolio manager, you should be well able to outperform the poor deposit interest rates structure.
Sure thing you will have to pay tax on your profits, but with constant changing and re-investing the markets will assist you pursuits in a decent return. Markets go up and down but a good broker should not make too many mistakes.
Keep away from funds of any type if you want to hold on to your money.
You seem as you have done ok to now. Make your choices and Happy Investing.
Jim, I am able to substantiate every thing you have marked for criticism, not by my own thought process, but via the wider circle of professional journalism.
Keep away from funds of any type if you want to hold on to your money.
with constant changing and re-investing the markets will assist you pursuits in a decent return. Markets go up and down but a good broker should not make too many mistakes.
With a decent firm of brokers and a decent portfolio manager, you should be well able to outperform the poor deposit interest rates structure.
Hi Folks
I'm just looking for some feedback/advice on the following:
I have approx 180K sitting in a couple of very low desposit accounts (approx 2.5% PA).
As the interest i'm earning on this amount is low and compounded by 33% DIRT, i was thinking of the posibility of buying a house/apartment to rent instead.
I am married with two kids, own my own house with no mortgage and house is finished inside and outside (apart from couple of small jobs).
I don't have any loans either. Also have approx 30K invested in Shares in two US companies (one i worked for previously and one i work for now).
Was wondering what people think would be my better options.
I was thinking as Deposit rates are so low, plus the fact that i would be a cash buyer, that it might be a good idea for me to look into buying a property to rent. Chances are the rental income after tax would be much higher than i'm currently getting.
What do people think?
Thanks
At one point I had a substantial life changing amount in equities, well diversified across the main Banks, here and in the U.K., across quoted companies in Dublin, the FTSE and some quoted on the NYSE...I was a happy camper for quite a while, reinvested dividends and added as I could....I got wiped out across my portfolio through 2008 / 2009, I held onto a good amount of cash separately and still retain that.
The do nothing option had I persued it back in 2005 onwards would have kept all my capital secure, not just part of it.
At one point I had a substantial life changing amount in equities, well diversified across the main Banks, here and in the U.K., across quoted companies in Dublin, the FTSE and some quoted on the NYSE...
Be very careful, you have done well, my advice is do not take on risk with your capital, and I mean nothing more than a moderate risk, with a well chosen property you will always have those bricks n mortar.
The do nothing option had I persued it back in 2005 onwards would have kept all my capital secure, not just part of it.
On the actual rental side of thing, if all goes well, you may make a 7% yield.
andwell diversified across the main Banks, here and in the U.K., across quoted companies in Dublin, the FTSE and some quoted on the NYSE.
You had 61% of your portfolio in one company and 70% of your portfolio in banking shares overall.RBS 61% ( Stg)
BOI 8% (Euro )
I still stand by my views and admit freely to now being I guess a contrarian, I've heard for so long how in the long run equities out perform all other assets classes and that may be true over any defined period in say 50 years up to 2008, from 2008 on I just don't know.
At the time RBS looked like a good company...
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