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Where to Invest my winnings?

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  • 05-02-2004 8:14pm
    #1
    Davey Devil
    Registered Users Posts: 2,220 ✭✭✭


    I won over 3 grand playing poker, I was hoping one of you finance brains could tell me a good way of making money with it. I don't mind some risk so shares seem to be the way to go. Problem is I know nothing about shares. Do you have any advice about which companies are worth investing in a what's the chances I could lose a considerable amount of the money?


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    #2
    Victor
    Registered Users Posts: 78,370 ✭✭✭✭Victor


    For an amount like that, ideally you would max out an SSIA if you have one. Shares can be risky, unless you spread it around on a number of shares, but spending €1,000 on one share means the broker will make more moeny than you.


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    #3
    uberwolf
    Registered Users Posts: 7,580 ✭✭✭uberwolf


    it depends greatly on the time frame you're willing to allow. Safe shares make money over a long time frame. Unsafe ones, who knows, bust or bingo.

    Wise man once say, to make a small fortune on the stock exchange first you must invest large fortune.

    I reckon the ssia route Victor proposes is a good one, partic if you happen to have a stocks based one like me. They've performed poorly to date but by all accounts are being invested in heavily now.
    E


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    #4
    govinda
    Closed Accounts Posts: 213 ✭✭govinda


    AskAboutMoney (www.askaboutmoney.com) has a discussion board and a Guide to Savings and Investments from an Irish perspective - I'm not that clued in to investments, but this site is a great starting point!


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    #5
    BigEejit
    Registered Users Posts: 3,739 ✭✭✭BigEejit


    Originally posted by uberwolf
    Wise man once say, to make a small fortune on the stock exchange first you must invest large fortune.
    Wise man also say: A stockbroker is a person who invests your money for you until its all gone


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