Hi,
I am trying to diversify in what I do with my savings, I generally put whatever I have away for a year and keep some funds available in case of a rainy day.
My concerns with this approach is
1. The interest rates are poor 3.3% KBC for one year at present.
2. Still have concerns over Ireland and the Euro, was very worried for a period last year.
3. Also feel i need to diversify and spread things out a little.
So here is what I was thinking, please let me know what you think in case this is off the chart as I am new to all this
1. I will buy some German bonds, seems like a low risk strategy even if Ireland leave the euro and end up with a devalued currency, I will have euro bonds.
2. I will still keep some funds in one of those one year euro accounts in Ireland
3. I will invest a small amount in xchange traded funds, maybe something in the emerging markets.
I am trying to diversify in what I do with my savings, I generally put whatever I have away for a year and keep some funds available in case of a rainy day.
My concerns with this approach is
1. The interest rates are poor 3.3% KBC for one year at present.
2. Still have concerns over Ireland and the Euro, was very worried for a period last year.
3. Also feel i need to diversify and spread things out a little.
So here is what I was thinking, please let me know what you think in case this is off the chart as I am new to all this
1. I will buy some German bonds, seems like a low risk strategy even if Ireland leave the euro and end up with a devalued currency, I will have euro bonds.
2. I will still keep some funds in one of those one year euro accounts in Ireland
3. I will invest a small amount in xchange traded funds, maybe something in the emerging markets.