pardon me all over the place but i'm just a working man and all the stuff i've been reading has just left me confused -just as i was having met the boi fund manager who'se pressing me towards an "evergreen fund"?.Having gotten advice(not from the bank) to look at the ask about money site (and i'm sure it must be very impressive to those of you with the intelligence to grasp the contents) i'm asking please for guidance as to how to invest 100,000 for about 10 years.The old saying-I know applies -"nothing ventured".........I'm prepared for some risk and thanks in advance to those of you who reply.
where to invest 100,000euro for 10 years ?
- Thread starter maxcady
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Re: where to invest100,000euro for 10 years ?
You should really consider gettting independent professional advice - e.g. from an authorised advisor or good multi-agency intermediary (and not a tied agent such as the BOI salesperson) ideally on a fixed fee-paying basis. They would be better placed to do a proper fact find/financial review and recommend a range of possible savings/investment options matching your specific needs and circumstances and guide you in choosing those that best meet your needs.
You should really consider gettting independent professional advice - e.g. from an authorised advisor or good multi-agency intermediary (and not a tied agent such as the BOI salesperson) ideally on a fixed fee-paying basis. They would be better placed to do a proper fact find/financial review and recommend a range of possible savings/investment options matching your specific needs and circumstances and guide you in choosing those that best meet your needs.
T
tmalmb
Guest
Why are people continually posting these kind of queries,do some research and then post a more specific query
Just log onto any of the eagle star,BOI,AIB ,Hibernia ,Quinn direct ,go to their savings and investment section and read the information provided there on their funds and then see if you have any questions
Just log onto any of the eagle star,BOI,AIB ,Hibernia ,Quinn direct ,go to their savings and investment section and read the information provided there on their funds and then see if you have any questions
markowitzman
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over 10 years equities do well. a buy and hold over 10 years has a very low risk of losses based on past performance. Get good asset allocation to further reduce risk.
That said investor psychology generally means whilst intending to do so few buy and hold for a 10 year period which is why money is lost and risk increases.
Agree with financial advisor advice above. That said I would invest in low cost etfs with good global spread.
That said investor psychology generally means whilst intending to do so few buy and hold for a 10 year period which is why money is lost and risk increases.
Agree with financial advisor advice above. That said I would invest in low cost etfs with good global spread.
GeneralZod
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Any advice on whether the poster (and all the many others like them) should put the lot in all at once or try to cost average the lump sum in over a period say a year?
Without a proper fact find or at least more comprehensive information about the original poster's overall situation it's impossible to say whether they should be putting all of the money into one option (e.g. equities or equity funds as suggested here) rather than spreading it across different asset classes, geographic regions, risk/reward profiles etc.
markowitzman
Registered User
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all in says I as there is the opportunity cost of not having the money on the sidelines compounding especially for a buy to hold investment.
GeneralZod
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That sounds right. Holding it back would be attempting to time the market.
I get the impression that you have already decided that it is a product similar to the one recommended by your Bank that appeals to you most (?) and that your quandry is more to do with the Fund (?)
"Some risk" would imply, to me, that you are not going to invest it in one asset class (i.e. equities) and would prefer a mix of equities, property, bonds etc.
If this is the case, then there is no proven formula as to what mix will do best over the next ten years. The mix/diversification is more to do with what you feel comfortable with.
The fund you mention, at the end of July, had 59% invested in Equities, 22% Property, 12% Bonds and 7% Cash.
Of the top 10 Equity holdings, 6 of them are Banks (including BOI). The property is UK & Irish. Whether this offers you enough diversification is a matter for yourself to decide.
You probably should pay an advisor(not one that works for a Bank) for an hour of his/her time and this might help to focus on what you need.
The charges are also something you should ask about and consider, as you will definitely be able to purchase the exact same product at a fraction of the initial cost elswhere, once you know what product/company you want to invest with.
I hope this helps.
that is quite informative and thank you
Re: where to invest100,000euro for 10 years ?
My wife has organised her pension and other investments with John Fagan, a taxation and investment consultant based in Stillorgan.
She has found him to be knowledgeable, easy to talk with and articulate - particularly important when dealing with people who don't know much about the more complicated aspects of finance. He came recommnded by a friend of hers who has used him for years.
For the record, I have no connection with him or his firm other than having met him professionally with my wife.
My wife has organised her pension and other investments with John Fagan, a taxation and investment consultant based in Stillorgan.
She has found him to be knowledgeable, easy to talk with and articulate - particularly important when dealing with people who don't know much about the more complicated aspects of finance. He came recommnded by a friend of hers who has used him for years.
For the record, I have no connection with him or his firm other than having met him professionally with my wife.
Wow! What sort of "independent advisor" was this and what specific reasons did s/he give for this being the most appropriate investment strategy for your specific circumstances?
Are they authorised/regulated by IFSRA to dispense such advice?
So why did they say that currency speculation was the most appropriate form of investment for you specifically? Why do they think that they can predict/time the forex markets?
Maybe the way to accumulate wealth is to write books on wealth accumulation?