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Where to invest €80k?

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  • 28-05-2015 8:51pm
    #1
    pasquale83
    Registered Users Posts: 477 ✭✭


    I'd like to invest in a property to rent out. I don't have too much in savings has I had just purchased a house. I can invest around 80k. I had a look in Clare/Limerik where house prices are low and even if rents are low as well I have estimated that I can get a 10% gross from rent (according to daft.ie prices). Do you think it is a good idea? Any other area nationwide good for investments? Thanks!


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    #2
    MarkAnthony
    Closed Accounts Posts: 6,934 ✭✭✭MarkAnthony


    Speak to a financial advisor or the guys in the investment forum to see if there is an alternative with less hassle, unless you want a PT job in addition to life which is fair enough.


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    #3
    Diarmuid
    Registered Users Posts: 3,981 ✭✭✭Diarmuid


    So you already have a significant property investment and you plan to invest even more of your savings into the same type of investment in the same market? I think you need to read up on diversification and look at other asset types


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    #4
    pasquale83
    Registered Users Posts: 477 ✭✭pasquale83


    Diarmuid wrote: »
    So you already have a significant property investment and you plan to invest even more of your savings into the same type of investment in the same market? I think you need to read up on diversification and look at other asset types

    Nope, it's the part of savings I want to invest in that type of market.


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    #5
    ted1
    Registered Users Posts: 23,536 ✭✭✭✭ted1


    Prize bonds, invest in prize bonds.
    Or look at a green investment fund, there's some great scheme out there that are hassle free, guarantee a return


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    #6
    maynooth_rules
    Registered Users Posts: 1,502 ✭✭✭maynooth_rules


    ted1 wrote: »
    Prize bonds, invest in prize bonds.
    Or look at a green investment fund, there's some great scheme out there that are hassle free, guarantee a return

    do prize bonds give any guaranteed return or is it just being entered in prize draws?


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    #7
    Diarmuid
    Registered Users Posts: 3,981 ✭✭✭Diarmuid


    pasquale83 wrote: »
    Nope, it's the part of savings I want to invest in that type of market.

    If you want more property exposure, then a REIT is a more liquid and a lot less hassle option.


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