hey guys, have 20k, idealy to go on a deposit for a house, but with the current state of the housing market, looking to put it away for about 12 to 18 months to see if things stabilise, have seen a couple of accounts with BoI, seen the 18 month fixed bond, but only offers 6.75%, obviously longer terms gives you a higher rate, but dont want to be for any longer, any other investment sugestions, either one lump sum or splitting the money around various types of investment, has to be no risk
not going to act solely on advice here, not going to sue any of ya's if it goes belly up
;)
has to be no risk
Then go for a bank. Higher returns are gained from having risk in your portfolio.
If it was me I would spread it widely in some of Rabo's Managed Funds...
id stick it in shares in either kerry co op or glanbia , glanbia,s shares have doubled in the past yr and they will most likely double over the next 12 months , food markets are on fire right now as are all soft commodities
http://www.thisismoney.co.uk/investing/article.html?in_article_id=423801&in_page_id=166
Mike.
they will most likely double over the next 12 months ,
I think the op is looking for a risk-free solution.
id stick it in shares in either kerry co op or glanbia , glanbia,s shares have doubled in the past yr and they will most likely double over the next 12 months , food markets are on fire right now as are all soft commodities
do not listen to this advice.
I personally would avoid investing in a particular stock based on a 45 word plug.
I would try and find the highest on demand deposit account, and I would set up standing orders (or just use online banking) for monthly deposits into one of the 7%+ savings accounts set up recently by pretty much every irish bank (they have maximum monthly deposits).
Read askaboutmoney.com and use the search function for advice on this (irish financial forums)
