Hi guys
I am looking for a save investment opportunity for a smaller sum ( 15000 Euro)
I do not know if this exists at all:
1 ) Must have easy access
2 ) Return net. > 2 % per annum
3) Low risk
If you want 2% net that's 3.4% gross per annum. To achieve that you have to take an element of investment risk i.e. you accept that your money can go up and down in value. The thing is, there is no guarantee that your money will achieve 3.4% every year. Some years it may do more, some years less. In a bad year, it might fall by -7% - 10%. What would happen if after a year, we spoke about your investment and I told you it was worth €13,500. What would you do? Would you panic or stay awake at night worrying or would you be relaxed, knowing this happens with investments and as long as the underlying assets are sound, they will come back?
If you will worry, you need to lower your expectations and leave the money on deposit. If you are prepared to take some ups and downs, you can invest it.
I should have asked first, what do you need to money for and how soon do you envisage spending it? If you need easy access, is is because you intend using it in the next couple of years? If that is the case, leave it on deposit.
Thanks for your input guys.
It is actually an emergency fund for unexpected expenses.
So I might be better off to leave it with Easy Access Nationwide UK / IRL for the moment.