R
RPMcMurphy
Guest
Hi
I am borrowing 20k from the equity on my house to invest over a minimum of 5years.(my current mortgage is 210k, Im 31years old)
I am leaning toward investing in shares rather than property and have read all the advice on this site which seems to favor shares for someone in my position.
Its not that i think the property market will take a dive rather level out (maybe 4 or 5% growth annually?) so after taking in the personal risk, amount of money involved in the transaction and management/care of a property, shares look a much better/safer option. Problem with the shares investment is that the numbers don't add up to much after say a 5 year investment, i know you cant predict the stock market but im basing it on historical performances so taking into account the payments on the capital investment,legal fees, charges and return of initial capital back into the house. I plan to buy stock of 4k in each of the top 5 Irish companies and stick to these to reduce fees.
Your comments/advice are most welcome.
RP.
I am borrowing 20k from the equity on my house to invest over a minimum of 5years.(my current mortgage is 210k, Im 31years old)
I am leaning toward investing in shares rather than property and have read all the advice on this site which seems to favor shares for someone in my position.
Its not that i think the property market will take a dive rather level out (maybe 4 or 5% growth annually?) so after taking in the personal risk, amount of money involved in the transaction and management/care of a property, shares look a much better/safer option. Problem with the shares investment is that the numbers don't add up to much after say a 5 year investment, i know you cant predict the stock market but im basing it on historical performances so taking into account the payments on the capital investment,legal fees, charges and return of initial capital back into the house. I plan to buy stock of 4k in each of the top 5 Irish companies and stick to these to reduce fees.
Your comments/advice are most welcome.
RP.