You inherit 100k. Name one thing you would invest it in and one you would avoid

RayM

€100,000 is an awkward amount of money. Nowhere near enough to retire to the beach. Not quite enough to buy a house outright (unless you're prepared to move to some ghost estate in the middle of nowhere). I think I'd probably do a little bit of holidaying, and then be all sensible and boring and use the rest as a deposit for a house.

Wacker The Attacker

Gerry Rio wrote: »

Lets say you inherit/earn/have in the bank 100 thousand euros. What area would you invest it in and what would you avoid?

To invest in:

Property. Say what you like about the Irish market but I think as long as you're not going to sell it for 10-15 years you will make money here.

Something Cloud computing based. Its the future folks. We will look at physical storage space years from now like we look at Amiga computers today.


To avoid:

Sunbed salons. I had to talk a friend out of buying one of these last year as I feel it is only a matter of time before legislation kicks in that outlaws them. The government have already stepped in banning anyone under the age of 18 using them so I feel it will be just another 3-5 years before they're gone altogether.

Internet Cafes. How there are any of these left is a mystery in itself.

Vaping/E Cigs. The new "hey! I can do that too!" business on the block. Too many at it, low cost of barriers to entry and another that is just one government bill away from putting you out of business.


Note: this is merely a hypothetical question and any "lend us a fiver?" PMs will be ignored

This sounds remarkably like a "you cant lose in property" type statement.

fizzypish

I would:
Land (With nothing built on it). If you can rent it out while not using it or grow trees on it or something of the like. Just sit on it if you don't need the money. Might return an investment, might not but you probably won't lose (Not sure what the tax on such things is so I'm probably talking out my arse).

LED's. Say good luck to you filament bulbs because it will be going in this direction.

I wouldn't:
Property. There's a whole generation of people suffering and next will too. Even if I was 90% sure it was a sure thing I probably wouldn't.

Investing in a personal interest: E.G. Craft brewery. I'm into it and I'd pay for specialty beer but most people aren't.

Streetwalker

Anything collectable. I bought three brand new motorbikes in the 90's (Honda SP1, Honda Fireblade and a Ducati 916) and they are in storage. They have zero miles on them. I have already been offered huge money for the SP1 from a guy in Italy but am going to hang on to it for at least another 10 years. The 916 is my retirement baby. A zero mile bike went for 80k there recently in the US in 20 odd years that's going to worth a few bob.

jimgoose

Hoors and poitín-stills. And plenty of 'em.

The Corinthian

Gerry Rio wrote: »

Something Cloud computing based. Its the future folks. We will look at physical storage space years from now like we look at Amiga computers today.

LOL. I suggest you invest in something you understand.

jimgoose

The Corinthian wrote: »

LOL. I suggest you invest in something you understand.

<Fr. Jessup voice>And where do you think your Cloud data is actually stored? Up in space??</Fr. Jessup voice> :pac:

donegaLroad

I would invest in a domestic windmill.

I would avoid buying a new car.

nelly17

Attic conversion - need the space. And keep the rest for a College fund for the kids. Kids are only 4 & 7 but by the time that comes around god knows how much its going to cost.



/edit:
And magic beans

The Corinthian

nelly17 wrote: »

And keep the rest for a College fund for the kids. Kids are only 4 & 7 but by the time that comes around god knows how much its going to cost.

Where are you going to keep it? In a mattress? God knows how much it's going to be worth by then, if so.

nelly17

Duh in the attic:rolleyes:

Actually no its a fair point 100K now will be worth a lot less when the time comes - as you can see I'd probably have to get some independant investment advice, but I would be thinking something pretty low risk

SEPT 23 1989

Shares in tobacco and arms companies offer great yearly returns

Gerry Rio

The Corinthian wrote: »

LOL. I suggest you invest in something you understand.

Ok. So this thread has taught me what Cloud storage really is