Hi all,
I dont know much about investments and have 2 questions, if anyone can help.
#1 What should I be reading in order to make informed decisions about my savings, investments, property, pension, future etc? Or course I should take?
#2 The second is in relation to my current plan.
I currently live abroad (not tax resident in ireland) with property (26 years left on 250k mortgage) and savings back in Ireland (200k) due to mature in Oct. Property is rented out and covers mortgage + 40% or so. No pension
In the absence of any informed financial knowledge, I plan to:
I'd appreciate any thoughts on the above plan. is it stupid? sensibe? Anything else that I shoudl be considering?
I dont know much about investments and have 2 questions, if anyone can help.
#1 What should I be reading in order to make informed decisions about my savings, investments, property, pension, future etc? Or course I should take?
#2 The second is in relation to my current plan.
I currently live abroad (not tax resident in ireland) with property (26 years left on 250k mortgage) and savings back in Ireland (200k) due to mature in Oct. Property is rented out and covers mortgage + 40% or so. No pension
In the absence of any informed financial knowledge, I plan to:
- put savings back into deposit account (rather than pay off mortgage or buy more property) until i move home
- move home in about 4 years (i'll be 40 by then)
- buy a new property (hoping to have 60-70% of value in saving)
- continue to rent old property for life
- begin putting as much as possible into pension plan
I'd appreciate any thoughts on the above plan. is it stupid? sensibe? Anything else that I shoudl be considering?