lWhere to invest lump sum?

P

pAnTs

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Hi there i have a lump sum to the value of €15,000. I really really have no idea what the best thing to do with it is. I have another €10,000 in shares which are obviously performing horrendously so I am less than keen to put it into an investment fund, is there anything else I could do with it. I also feel nervous about putting it into banks!!! I remeber speaking to an Argentinian sho said he left Argentina because he had saved for years only to have his savings wiped out by the banks/government!! kind of thinking that the banks may not have the money when i go to take it or something equally as horrifying!! would a cred union be a sensible option? thanks in advance!
 
You could try keeping it under the mattress but you run the risk of bed bugs having access to it, other options are Nationwide UK Ireland, Rabobank or better stilll cross the border and open a euro account in the north.
 

A Credit Union would not be a sensible option. CU's do not offer a good return for your money, many are in serious financial trouble and they are not the safest place for your money.

I suggest Nationwide UK.

Have you read the 3 best buy threads here?
 
no but I shall thank you I am also nervous about the money I have tied up in shares, could what hapened in Argentina happen here do you think?? I still have my SSIA investment plan active, imagine if I wen't to withdraw the cash and there was nothing there!!!!!!!!!
 
You could look at An Post Savings Certs and Bonds and the Government Solidarity Bond (available through An Post) for long term safe options.
 
Hi there from the information on this site it looks as though Irish Nationwide Building Society is probably the best option for me with an interest rate of 3.25%, I was just confused though about why Nationwide UK would be better than Irish Nationwide??
 
INBS have the highest rate for instant access. However, INBS are in serious financial trouble and cannot be regarded as the safest option. Also, the INBS rate, in theory, ends on December 31st 2010, so it might drop at the end of the year.

Nationwide UK, in my opinion, are a better option.
 
thanks Ciaran but from my understanding Nationwide UK have an interest rate of 3.15% ([broken link removed]) and Irish Nationwide have an interest rate of 3.25% () so is there another benefit of lodging with Nationwide UK??


Aha I have just read that other post and i see the difference is security and the small matter of whether the Irish gov can actually honour it's bank guarantee!!! I think I will be going for the UK account, where can I find a branch??
 
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