Age: 33
Spouse’s/Partner's age: Single
Annual gross income from employment or profession: E45000
Annual gross income spouse: n/a
Type of employment: Public sector employee (not permanent – contract ends in Sept 2010)
Expenditure pattern: a 'saver'
Rough estimate of value of home: Not a home owner (paying rent of E330 per month)
Mortgage on home: n/a
Other borrowings – car loans/personal loans etc: None
Do you pay off your full credit card balance each month? Yes
Savings and investments:
E56,000 savings i.e. €40,000 in cash and €16,000 in shares. I save ~ €1200 each month
Do you have a pension scheme?
Yes, paying into the Public sector pension for the past 3 years
Do you own any investment or other property? No.
Ages of children: None.
Life insurance: None
What specific question do you have or what issues are of concern to you?
I have €40,000 in cash ring fenced for a deposit for a house/apartment (to buy in 2010 or 2011 ... if I still have a job). Now, I’m looking for a new investment vehicle for my future earnings/savings.
I feel a lot more comfortable investing my own money, so I don’t want to set up another pension or to invest in a managed fund with unnecessary high fees. What I would like to do is split my money to buy into four different ETF’s or funds that track a particular country/Industry. So, for example, every three months, I would buy into one specific ETF/fund - after one year, I would be invested in four different EFT/funds. In the following years, I would add to each position once a year using three months of savings (~€3600). I’m interested in the China, metals & hydrocarbons, agricultural commodities and renewable energy. My investment horizon is 20 – 30 years.
My question is what do you think of the above strategy? Also, advice on what ETF/funds I should be investing in would be appreciated. Thanks.
Spouse’s/Partner's age: Single
Annual gross income from employment or profession: E45000
Annual gross income spouse: n/a
Type of employment: Public sector employee (not permanent – contract ends in Sept 2010)
Expenditure pattern: a 'saver'
Rough estimate of value of home: Not a home owner (paying rent of E330 per month)
Mortgage on home: n/a
Other borrowings – car loans/personal loans etc: None
Do you pay off your full credit card balance each month? Yes
Savings and investments:
E56,000 savings i.e. €40,000 in cash and €16,000 in shares. I save ~ €1200 each month
Do you have a pension scheme?
Yes, paying into the Public sector pension for the past 3 years
Do you own any investment or other property? No.
Ages of children: None.
Life insurance: None
What specific question do you have or what issues are of concern to you?
I have €40,000 in cash ring fenced for a deposit for a house/apartment (to buy in 2010 or 2011 ... if I still have a job). Now, I’m looking for a new investment vehicle for my future earnings/savings.
I feel a lot more comfortable investing my own money, so I don’t want to set up another pension or to invest in a managed fund with unnecessary high fees. What I would like to do is split my money to buy into four different ETF’s or funds that track a particular country/Industry. So, for example, every three months, I would buy into one specific ETF/fund - after one year, I would be invested in four different EFT/funds. In the following years, I would add to each position once a year using three months of savings (~€3600). I’m interested in the China, metals & hydrocarbons, agricultural commodities and renewable energy. My investment horizon is 20 – 30 years.
My question is what do you think of the above strategy? Also, advice on what ETF/funds I should be investing in would be appreciated. Thanks.