P
Prancer
Guest
Hi,
I have EUR 30k invested in EBS's Summit Growth Fund, which is currently worth a little over 22k. I now have a further 10k to spare and am thinking of topping up this investment to 40k while unit prices are low. I'm happy to sit on it for 5+ years. However, I've seen criticism of EBS Summit Funds elsewhere on this forum since they moved to Irish Life Investment Managers and, in any event, would like to see what other suggestions readers have. I will probably stick with the Growth Fund but maybe there are other equity-linked funds or other lower-risk investments out there people would recommend? I am still attracted to the stock market despite my recent losses but don't want to buy individual shares.
Another option I'm considering is Halifax to get the 3.75% bonus rate they're offering on the first year of new a/cs up to 10k. But I'm thinking that if I take the risk on shares now the market will probably have recovered by more than that this time next year.
Other info:
Self-employed, 35, avg. earnings ca. 50k p.a. Married with first baby due Aug.
Thankfully, only 70k/6 years left to run on a 152k mortgage taken out in 2002. We've paid 40k extra off this in the last three years in lump-sum repayments and an extra couple of grand through higher fixed monthly repayments.
No other loans, no credit card debt.
Have 8k in Rabo on-demand savings a/c at 2%. Currently paying 500 a month into my pension and have been maxing it up at year-end when necessary to get the 20% tax relief.
Anyway, looking forward to hearing your thoughts!
I have EUR 30k invested in EBS's Summit Growth Fund, which is currently worth a little over 22k. I now have a further 10k to spare and am thinking of topping up this investment to 40k while unit prices are low. I'm happy to sit on it for 5+ years. However, I've seen criticism of EBS Summit Funds elsewhere on this forum since they moved to Irish Life Investment Managers and, in any event, would like to see what other suggestions readers have. I will probably stick with the Growth Fund but maybe there are other equity-linked funds or other lower-risk investments out there people would recommend? I am still attracted to the stock market despite my recent losses but don't want to buy individual shares.
Another option I'm considering is Halifax to get the 3.75% bonus rate they're offering on the first year of new a/cs up to 10k. But I'm thinking that if I take the risk on shares now the market will probably have recovered by more than that this time next year.
Other info:
Self-employed, 35, avg. earnings ca. 50k p.a. Married with first baby due Aug.
Thankfully, only 70k/6 years left to run on a 152k mortgage taken out in 2002. We've paid 40k extra off this in the last three years in lump-sum repayments and an extra couple of grand through higher fixed monthly repayments.
No other loans, no credit card debt.
Have 8k in Rabo on-demand savings a/c at 2%. Currently paying 500 a month into my pension and have been maxing it up at year-end when necessary to get the 20% tax relief.
Anyway, looking forward to hearing your thoughts!