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Investing for dummies

WhiteWalls · 2022-01-07 01:27:40

A lot of talk of inflation in the coming years may have more people thinking about investing. I see it advertised about from financial companies. My question is if someone hands over let's say 20k for five years, is that sum guaranteed and what would be seen as an OK yield after 5 years? I assume the company would take a…

07-01-2022 2:27am

#1

WhiteWalls

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A lot of talk of inflation in the coming years may have more people thinking about investing.

I see it advertised about from financial companies. My question is if someone hands over let's say 20k for five years, is that sum guaranteed and what would be seen as an OK yield after 5 years? I assume the company would take a cut also?

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#2 07-01-2022 9:00am

The J Stands for Jay

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It's only guaranteed if you pay for a guarantee. The company will obviously take a cut. Otherwise, they won't have any money to pay their bills.

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#3 07-01-2022 9:07am

maestroamado

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https://www.boards.ie/discussion/2058226391/investing-for-dummies

Assuming you are working i think the best way to invest would invest in pension scheme as there be tax breaks... use your savings to replace income for daily spend...

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