Personal details
Age: 38
Spouse’s/Partner's age: N/A
Number and age of children: 0
Income and expenditure
Annual gross income from employment or profession: 90k
Annual gross income of spouse: N/A
Type of employment: Private sector
Summary of Assets and Liabilities
Cash sitting in Irish bank earning very little - 155k
Cash on deposit in Trade Republic earning 2% - 50k
Individual stocks - 95k
Gold\Silver in Vault company - 85k
Bitcoin - 17k
Family home mortgage information
N/A, I don't own a home, currently renting
Other borrowings – car loans/personal loans etc.
None
Buy to let properties
None
Other savings and investments:
Have a modest pension
What specific question do you have or what issues are of concern to you?
I was abroad for most of my life working and built up my savings. I now find myself in the unfortunate position of not having bought a home.
I have recently moved back to Dublin, am currently renting, but am now looking to buy a house in Ireland. My renting circumstances do not dictate that I am in a rush to buy a house, I have secured decent rate, which I wont go into. I have been viewing houses and bid on a couple but refused to get roped into a bidding war.
Now, I am in a situation where I am really worried about my saving being dwindled away by inflation. I need advice on where to park it until I buy a property, which Im hoping will be sometime within the next two years(could be next month if something comes up). I am not foolish enough to wait for a drop in property prices, I am more just waiting until I found a home I am happy with.
On the stocks side, I came up with most of my choices myself, that's probably a discussion for another day.
The other question, when I do buy a property, how much of my saving should I put into it?. I have qualified for a good sized mortgage so I have the option of using that.
Age: 38
Spouse’s/Partner's age: N/A
Number and age of children: 0
Income and expenditure
Annual gross income from employment or profession: 90k
Annual gross income of spouse: N/A
Type of employment: Private sector
Summary of Assets and Liabilities
Cash sitting in Irish bank earning very little - 155k
Cash on deposit in Trade Republic earning 2% - 50k
Individual stocks - 95k
Gold\Silver in Vault company - 85k
Bitcoin - 17k
Family home mortgage information
N/A, I don't own a home, currently renting
Other borrowings – car loans/personal loans etc.
None
Buy to let properties
None
Other savings and investments:
Have a modest pension
What specific question do you have or what issues are of concern to you?
I was abroad for most of my life working and built up my savings. I now find myself in the unfortunate position of not having bought a home.
I have recently moved back to Dublin, am currently renting, but am now looking to buy a house in Ireland. My renting circumstances do not dictate that I am in a rush to buy a house, I have secured decent rate, which I wont go into. I have been viewing houses and bid on a couple but refused to get roped into a bidding war.
Now, I am in a situation where I am really worried about my saving being dwindled away by inflation. I need advice on where to park it until I buy a property, which Im hoping will be sometime within the next two years(could be next month if something comes up). I am not foolish enough to wait for a drop in property prices, I am more just waiting until I found a home I am happy with.
On the stocks side, I came up with most of my choices myself, that's probably a discussion for another day.
The other question, when I do buy a property, how much of my saving should I put into it?. I have qualified for a good sized mortgage so I have the option of using that.