Savings of 100k - what to do

louthguy

Registered User
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I have savings of over 100k euro. does anyone think its a waste of time leaving it in the bank as not much interest is gained or would it be better to purchase some property
 
Hi Louthguy - Please use more meaningful titles when you post as you'll get more replies. I have changed this one but will be zero-tolerant to any more.
 
trasneoir Im not sure really what to do with it but just feel leaving it in the bank does nothing.
 
Louthguy, to give advice people need to know things like
  • can you afford to risk losing any of this?
  • can you afford the extra costs that would be involved in buying property?
  • will you be needing any of this money soon?
  • have the savings arisen because your outgoings are less than your income, and is this likely to continue?
Depending on your situation, there would be different suggestions.
 
gervan see below thanks

1 - yes im in a good situation with no loans or debts or children
2 - yes
3 - no
4 - I don't have many outgoings at present
 
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