Lookin for a recommendation-650k in Deposit

DaBreno · 15-11-2007 11:06PM #1

Hi there. As the title says I need a bit of advice on an investment. Supposing I had 650k to invest. The aim is to recieve a once yearly Interest payment(since I assume they dont pay out on a monthly basis, Alas!). I would be hoping for a low/very low risk fund hence why I asked about deposit to start with. It doesnt nessesarily have to be a Deposit mind.

Does anyone have any advice on this one? Even a link to other sites or further reading would be appreciated.

Thanks in advance!

A Random Walk · 16-11-2007 12:57AM

For that amount of money I would see a professional. IFSRA.ie will have a list of suitable candidates.

kaiser sauze · 16-11-2007 12:32PM

Canada Life's Dividend Bond has given great returns in the past and is still a good performer. It has exactly the income option you ask for.

However, the risk factor is slightly above what you specify, moderate risk, but is nowhere near extreme risk.

You can invest your lump sum and chose whether to take a half-yearly income or have it reinvested back into the fund. The best returns would be achieved over a 5-8 year, or longer, period. If you are considering a lesser term, I would not recommend it as highly.

In addition you can instantly receive an extra allocation on this size of investment of 1.25%. This means that once you invest your 650K, it immediately becomes worth €658,125 (This figure excludes any charges that may, or may not be, applicable).

Canada Life Dividend Bond

PDF Brochure Download

It should be one of the options that you consider.

19-11-2007 11:20AM

DaBreno wrote: »

Hi there. As the title says I need a bit of advice on an investment. Supposing I had 650k to invest. The aim is to recieve a once yearly Interest payment(since I assume they dont pay out on a monthly basis, Alas!). I would be hoping for a low/very low risk fund hence why I asked about deposit to start with. It doesnt nessesarily have to be a Deposit mind.

Does anyone have any advice on this one? Even a link to other sites or further reading would be appreciated.

Thanks in advance!

what you should consider is a more diversified portfolio for your 650K, perhaps split it into 3 different risk categories, and assign a certain amount of cash to them. Property, stocks blue chip and IPO, bonds are some of the things that you would look at

SerialComplaint · 26-11-2007 07:38AM

When you are evaluating risk, don't forget to consider the risk of losing value to inflation with many deposit options.

DaBreno · 26-11-2007 03:55PM

Thank for the replies. What kind of interest rates could I get on a Deposit for that amount? Is 10% waaaay off?

Im not against a bit of risk, I obviously just dont want to throw this away chasing a few bob. I can take it to the race track for that.

kaiser sauze · 26-11-2007 04:07PM

SerialComplaint wrote: »

When you are evaluating risk, don't forget to consider the risk of losing value to inflation with many deposit options.

Great advice, and something I neglected to mention in my post earlier. (although I never did specifically deal with deposit options)

While some of the deposit options look great you need to factor in inflation which is, in recent historical terms, quite high right now.

moe_sizlak · 26-11-2007 09:58PM

DaBreno wrote: »

Thank for the replies. What kind of interest rates could I get on a Deposit for that amount? Is 10% waaaay off?

Im not against a bit of risk, I obviously just dont want to throw this away chasing a few bob. I can take it to the race track for that.

for that amount , the best savings rate you can get is 4.5% with anglo irish bank

kaiser sauze · 26-11-2007 10:18PM

moe_sizlak wrote: »

for that amount , the best savings rate you can get is 4.5% with anglo irish bank

2006 inflation rate was 4%.

earlyevening · 26-11-2007 10:28PM

Northern Rock pay 4.5% annually or 4.25% monthly. You'll never get 10% on a deposit account.
Why not stick a load in an ISEQ ETF? The stock market is very low at the moment and should rise. Would anybody else agree?

daveirl · 26-11-2007 10:49PM

This post has been deleted.

damnyanks · 11-12-2007 01:22AM

Just buy government treasury notes. You can sell them off if you think things are gonna go tits up. Failing that wait 3 months and buy some gold through a german company. You will get some very nice tax rebates (not sure how much at that cash amount). It;ll hold value against inflation.

Reyman · 11-12-2007 05:54AM

As Random Walk says you should see a finance specialist if you know nothing about investing. (One who isn't on commission). I'm not sure of your age but as a rule of thumb you should be able to achieve a long term return of 4% above inflation at around 90% certainty over a period of 20-25 years.

This means you should be able to take an inflation adjusted income of €25,000 over quite a long period. The critical thing here is not to invest in funds with up front charges and high ongoing annual 'management' fees. These will reduce your income substantially

Lots of finance brokers will point you towards these funds because they get a healthy commission from them.

harpsman · 28-09-2011 03:26PM

earlyevening wrote: »

Northern Rock pay 4.5% annually or 4.25% monthly. You'll never get 10% on a deposit account.
Why not stick a load in an ISEQ ETF? The stock market is very low at the moment and should rise. Would anybody else agree?

:eek::eek::eek::eek::eek:

coylemj · 28-09-2011 07:44PM

earlyevening wrote: »

The stock market is very low at the moment and should rise. Would anybody else agree?

+1 Deffo will rise, heading in the right direction today.

AstonMartin · 29-09-2011 10:06AM

When choosing a financial advisor how is it possible to find out if the receive a commission from any fund?

SerialComplaint · 29-09-2011 10:07PM

AstonMartin wrote: »

When choosing a financial advisor how is it possible to find out if the receive a commission from any fund?

1) Ask them.
2) Read through the documentation they give you.

Lookin for a recommendation-650k in Deposit

Comments