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Best return on capital secured investment

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  • 06-01-2010 5:18pm
    #1
    Rockshamrover
    Registered Users Posts: 1,472 ✭✭✭


    Hello,

    My dad is in his 70's and is thinking of selling his house, downsizing and investing the balance.

    He hopes to have 100K that he wants to invest. He wants the capital guaranteed and to get the best possible return (not much to ask:D)

    Does anyone know what the best product currently is in this category?

    He would be investing for a minimum of 5 years.

    Thanks


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    #2
    johnc2212
    Closed Accounts Posts: 27 ✭johnc2212


    tell him to talk to a financial adviser as anyone else is not regulated to offer advice.

    That said he's best bet at his age is to put it on deposit and try to get the best possible deal based on how long he doesn't need to access it. Banks pay less if it's on demand and will pay more if you give them control over the money for a greater time period. Beware of penalties for taking money out before term.

    Try the Post office - governement savings etc.

    Ask any Financial adviser what their fees are i.e. how much commission they will get out of the investment.


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    #3
    3DataModem
    Registered Users Posts: 3,997 ✭✭✭3DataModem


    At 70 a deposit account is the best bet. Probably sensible to seperate it into two accounts - one with a notice period and higher interest rate, and one demand account with a lower rate.


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    #4
    Rockshamrover
    Registered Users Posts: 1,472 ✭✭✭Rockshamrover


    Thanks folks for the advice.


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    #5
    Andymfinancial
    Closed Accounts Posts: 60 ✭✭Andymfinancial


    it depends on his personal circumstances, whether he pays tax, what income he has etc, an post have tax free savings, if his income is under 40k per annum he may not have to pay DIRT tax on deposits within banks. Also BCP and similar companies specialise in short term guaranteed investments with stock market exposure but no risk. Broker is best bet


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