squareone
Registered User
- Messages
- 8
Age: Early 30s
Spouse’s/Partner's age: Early 30s
Annual gross income from employment or profession: €96k
Annual gross income of spouse: Currently €20k as finishing education. c€50k expected next year all going well.
Monthly take-home pay €4400 for me net.
Type of employment: Fully employed in private sector
In general are you:
(a) spending more than you earn, or B) Saving
(b) saving?
Rough estimate of value of home €420.000
Amount outstanding on your mortgage: c€300.000
What interest rate are you paying? 2.9%. 2 years into 5 years fixed and paying over 20 years so c €1600 per month
Other borrowings – car loans/personal loans etc None
Do you pay off your full credit card balance each month? Nil.
If not, what is the balance on your credit card? N/A
Savings and investments: €85,000 lump sum
Do you have a pension scheme? Yes. Paying €213 (this is matched by employer); AVCs of €676 so €1103 in total a month. c€87k in the pot in total.
Do you own any investment or other property? No.
Ages of children: No kids.
Life insurance: Mortgage Protection. Joint. c€300k
________________________________________________
Hi all,
Hoping for some advice on investments, based on the info given above.
I'm looking to invest a decent lump sum plus a monthly amount in a low risk profile - with the intention of beating inflation and capitalising on compound interest in the long run. Ideally I would like short term access to these funds, just in case. I'm generally risk averse but would be open to taking a few 'punts' with a smaller amount also.
I'm new to this and have just read 'How to own the world' by Andrew Craig but need a little advice on taking the next step.
For instance, is Degiro the best method to go with?
Thanks in advance
Sq1
Spouse’s/Partner's age: Early 30s
Annual gross income from employment or profession: €96k
Annual gross income of spouse: Currently €20k as finishing education. c€50k expected next year all going well.
Monthly take-home pay €4400 for me net.
Type of employment: Fully employed in private sector
In general are you:
(a) spending more than you earn, or B) Saving
(b) saving?
Rough estimate of value of home €420.000
Amount outstanding on your mortgage: c€300.000
What interest rate are you paying? 2.9%. 2 years into 5 years fixed and paying over 20 years so c €1600 per month
Other borrowings – car loans/personal loans etc None
Do you pay off your full credit card balance each month? Nil.
If not, what is the balance on your credit card? N/A
Savings and investments: €85,000 lump sum
Do you have a pension scheme? Yes. Paying €213 (this is matched by employer); AVCs of €676 so €1103 in total a month. c€87k in the pot in total.
Do you own any investment or other property? No.
Ages of children: No kids.
Life insurance: Mortgage Protection. Joint. c€300k
________________________________________________
Hi all,
Hoping for some advice on investments, based on the info given above.
I'm looking to invest a decent lump sum plus a monthly amount in a low risk profile - with the intention of beating inflation and capitalising on compound interest in the long run. Ideally I would like short term access to these funds, just in case. I'm generally risk averse but would be open to taking a few 'punts' with a smaller amount also.
I'm new to this and have just read 'How to own the world' by Andrew Craig but need a little advice on taking the next step.
For instance, is Degiro the best method to go with?
Thanks in advance
Sq1
