No Life Assurance (Tried to get the GP to sign papers and she never did it despite numerous requests)
She won't go for high risk options
That's a 3.1% gross yield. Is it in an RPZ?Buy to let properties
Buy to Let Property worth €420k with no mortgage - Rent = €1100 / PCM -(spouse) - take home approx. €550 after taxes and repairs etc.
That's a 4.3% gross yield. Is it in an RPZ?Buy to let Property worth €220k with no mortgage - Rent = €800 / PCM - take home approx. €400 after taxes and repairs etc.
Do you have any farm income?Family home / farm worth €700k with no mortgage
That's a 3.1% gross yield. Is it in an RPZ?
That's a 4.3% gross yield. Is it in an RPZ?
Just to zoom in on your property assets here, you are getting a real poor net return on your capital invested given the risk involved.
If you want to be a landlord you should probably sell up and start again and buy properties not subject to rent controls where you can get something like a 10% yield for apartments outside Dublin. There may of course be a CGT gain to be crystallised but as it stands the BTLs are a poor use of your wealth.
Do you have any farm income?
Then she should get out of prize bonds and cash. They are too risky. They are steadily falling in value as inflation exceeds the interest she is getting.
There is no risk-free option.
She should invest in a portfolio of shares.
With total assets of €1.7m - excluding the huge capital value of your pensions - €250k represents 15% of your wealth.
Even if you bought €250k of shares in just one company and it fell to zero, you would be losing just 15% of your wealth. So you don't need the normal diversification which most investors do.
She should pick 5 large companies and buy €50k each of their shares and then forget about them.
Brendan
Or perhaps just buy shares in one company - a Berkshire Hathaway style diversified conglomerate, or even Berkshire Hathaway itself. Google for info about such stocks and how they can give you diversification and something akin to an ETF/index tracker without the drawbacks of the tax treatment of most ETFs or unit linked funds.She should pick 5 large companies and buy €50k each of their shares and then forget about them.
Thanks. CMOr perhaps just buy shares in one company - a Berkshire Hathaway style diversified conglomerate, or even Berkshire Hathaway itself. Google for info about such stocks and how they can give you diversification and something akin to an ETF/index tracker without the drawbacks of the tax treatment of most ETFs or unit linked funds.
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