putting money away for 26 months with Ptsb

T

tuscana

Guest
Hi, Ptsb are doing a very good interest first deposit account, just wondering is it safe to lock away your moneyfor 26 months during the current economic climate?
 
Consider the fact that you will not have access to your money for 2 years and 2 months. It is difficult to see what will happen to the EUR in that time horizon. Also, it is difficult to see what will happen to PTSB in that time horizon.

On the other hand, it is a great return for your money.
 
Look guys, who really believes the euro with be in existence in 2 years, be honest with yourself now.
We have the pigs already, with us and.our debt of 94.9% of gdp and remember we are a minnow.
Now we have the forth biggest economy in eu Italy a major player in the grand scheme, it has racked up 1.9 TRILLION euro in accumulated debt, that's 120% of their gdp not far behind Greece rather than comparing Italy to Ireland. Will that kind of austerity be pushed down Italian necks, the most rigid labour force/populous in the eu?

High tide is near, its high time we find higher ground ourselves not wait on the eu lifeline.
 
IMO I think u would be mad. Read the posts on here. There is one simple answer abt the future. Absolutely nobody knows what will happen. The Euro????
Split your money into Euro, dollars, Stg somehow.
Only madmen or billionaires are trying to make money right now and the higher the return on an investment simply measures the risk of that investment.
Find the worst return and that is likely to be the best place to put it. This is about having something when all this nonsense plays through.
Eggs and basket is a goo rule of thumb along with security.
There is no security right now, only the more secure and the less secure.
German bonds and American bonds, and physical gold and if they all go, u r broke, but the world as we know it is over, so it matters not.
 
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