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Investment Advice

  • 13-06-2018 2:27pm
    #1
    Mechatronical
    Registered Users Posts: 109 ✭✭


    Hi all,
    Just wondering does anybody have some advice on what would be a good idea for a short to medium term investment on 20K?
    I have the cash in bonds the last few years and did well the first year but have got no return for nearly a year now.
    Was wondering should I look at shares or just go with an investment fund with my bank or potentially a broker. 
    I would like to get a better return then a savings account and of course better then the return I have had in Prizebonds this last year which is zilch but in a years time if I need the money would like to gain access to it easily and quickly enough. Any ideas?


Comments

  • #2
    dotsman
    Registered Users, Registered Users 2 Posts: 3,636 ✭✭✭dotsman


    I put 20K into Degiro account at the start of the year. Currently, my investments have grown to almost 25.6K (>25% return in less than 6 months).

    That being said, there could be a financial collapse tomorrow. But given the 25% gain so far, there is a least a good cushion before I am in to "loss" territory.

    Investment strategy has been generally 1K into 20 different stocks, somewhat diversified, but a heavy emphasis on US Tech Stocks (Amazon, Atlassian, Netflix, MuleSoft (now taken over by Salesforce) and Micron have been my best performers). I have also regularly cycled certain stocks (i.e. profit-take after a healthy rally and buy in again a few days/weeks later when they are lower - has mostly worked, but a few bad calls, but that's the risk). I haven't been using leverage.


  • #3
    The J Stands for Jay
    Registered Users, Registered Users 2 Posts: 5,786 ✭✭✭The J Stands for Jay


    Don't go near a bank for investments.
    Don't go near equities for shortv term investment.
    You're probably in the right investment with your bonds.


  • #4
    Mechatronical
    Registered Users Posts: 109 ✭✭Mechatronical


    Yes,
    I dont massively trust the banks, seems [font=arial, sans-serif]there's[/font] no real alternative to bonds at present. 
    Was looking for a similar return on my bonds from the 1st year I had them (250 quid) but that's guaranteed.
    The Degiro platform interests me but it would be something I'm comfortable to invest 1 or 2K in, not 20K.
    A good investment Broker might be an idea.


  • #5
    dotsman
    Registered Users, Registered Users 2 Posts: 3,636 ✭✭✭dotsman


    Mechatronical wrote: »
    The Degiro platform interests me but it would be something I'm comfortable to invest 1 or 2K in, not 20K.
    A good investment Broker might be an idea.
    I wouldn't go near a broker for small amounts. Their fees, at a minimum, will wipe out any gains, but realistically will actually cause you a massive loss. Brokers are best for people investing 6/7-figure sums who don't have the time/knowledge to do their own investing.


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