Pauliwalnuts
Registered User
- Messages
- 53
That's not enough information to make any kind of comment on the bond.
There is no information about early withdrawals, etc
You can access your money at any time by giving 7 days notice
Is your money at risk if (when) the state defaults?
I would say there is huge risk associated with this.
I agree, and so does the international bond market which is asking for over 9% on 10 year bonds. Lending to a bankrupt country, just like a bankrupt company is a terrible idea, and I think it is scandalous that such a high risk product is being focused on the average person on the street.
+1. Well said.
The Economist and other publications are sreaming from the rooftops that Ireland is going to default. The credit default swap market implies a 45% chance of an Irish default.
Investing your savings in NTMA savings products with that level of very high default risk at such a low return is, in my opinion, just not worth it.
those same publications were only two months ago , predicting that spain and portugal would be in the process of applying for a bailout by now and that the euro would be at parity with the dollar by the middle of this year , spain and portugal had no problem selling bonds last month and the euro is heading for 1.40 to the dollar , the level of bearishness by various commentators is getting a bit tedious
It appears the general concensus on Askaboutmoney about this 4 year Solidarity Bond is a thumbs down and it is a bad and high risk investment. Indeed the general advice on Askaboutmoney is not to touch any An Post products in the present climate. Fair enough. I hope that message gets out to the thousands of people who have their life savings in what they assume are safe products.
We have over 200k invested in the Savings Certs, which started in Sept. 2009. Should we take this money out ?. Where should we then invest it ? We have max. guaranteed funds in the other irish banks ( except Anglo and EBS ). We are worried about An Post for a while now.
You should seek, and pay for independant advice.
We have over 200k invested in the Savings Certs, which started in Sept. 2009. Should we take this money out ?. Where should we then invest it ? We have max. guaranteed funds in the other irish banks ( except Anglo and EBS ). We are worried about An Post for a while now.
Withdraw all of your money. Place it in a big, black bag and swing by my place for a cuppa
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?