I would really appreciate some guidance on what would be the wisest way to invest my cash to make as much interest as possible for the next cuple of years.
Im 27.... still living at home.
I have saved pretty hard since ive started working full time.
Throughout this time i have put away as much spare cash as i could into my local credit union...a total of 50K. This gave me 900 interest last year.
I also had 30K invested this with RaboDirect.
RaboDirect give 4.3% interest on the entire balance
So this year i said..."lets merge all of it into RaboDirect".
So i now have 80K with RaboDirect.
Already this year, the interest i have gained with 80K in RaboDirect is 966 Euro
(in just 3months!). Thats approximately 60 Euro interest weekly.
This year i also opened up a FA Regular Saver for up to €1K p.m. at 7.15%
I also have 10K wrapped up in shares...but unfortunately due to lack of experience thats only worth 7,600 Euro at present. Im with Apple, so things are looking up at the moment.
If i can make it back to 10K again or near, im getting the hell out of shares.
But then again, have you seen the share graph for Dragon Oil?
That looks like a good investment???! Anywayyyyyyy!
So in summary, im thinking of buying property perhaps in the next 2/3 years and i want to make my money earn as much interest as possibe until i do.
Does my current system make sense...? Too many eggs in RaboDirect?
Perhaps i could distribute it more clever
Once again, i would really...really appreciate any suggestions on what would be the wisest way to invest my cash.
Im 27.... still living at home.
I have saved pretty hard since ive started working full time.
Throughout this time i have put away as much spare cash as i could into my local credit union...a total of 50K. This gave me 900 interest last year.
I also had 30K invested this with RaboDirect.
RaboDirect give 4.3% interest on the entire balance
So this year i said..."lets merge all of it into RaboDirect".
So i now have 80K with RaboDirect.
Already this year, the interest i have gained with 80K in RaboDirect is 966 Euro
(in just 3months!). Thats approximately 60 Euro interest weekly.
This year i also opened up a FA Regular Saver for up to €1K p.m. at 7.15%
I also have 10K wrapped up in shares...but unfortunately due to lack of experience thats only worth 7,600 Euro at present. Im with Apple, so things are looking up at the moment.
If i can make it back to 10K again or near, im getting the hell out of shares.
But then again, have you seen the share graph for Dragon Oil?
That looks like a good investment???! Anywayyyyyyy!
So in summary, im thinking of buying property perhaps in the next 2/3 years and i want to make my money earn as much interest as possibe until i do.
Does my current system make sense...? Too many eggs in RaboDirect?
Perhaps i could distribute it more clever
Once again, i would really...really appreciate any suggestions on what would be the wisest way to invest my cash.