What are those of you in the know really doing with your money??

H

hiagain

Registered User
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43
I know this is a cheeky question, but with all of the uncertainty around what are people really doing with their savings??

I am very concerned because we don't have a very high or secure income, but do have savings.
 
Hello Hiagain,

I think it would be better for you to make your own mind up on what to do with your savings, often it is not good to go with the herd mentality. There is plenty of information on here to help you make an informed decision.
 
Savings moved out of the State,paying down debt as fast as we can and cutting out all unnecessary expenditure.

Do not consider myself in any way to be in the know.
 
Knuttell said:
Savings moved out of the State,paying down debt as fast as we can and cutting out all unnecessary expenditure.
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Don't consider meself overly in the know! But Similar to Knuttell. I only have a small mortgage debt and small savings here. Investments in stock with UK brokers, expenditure cut to a minimum.
 
Don't know what everyone is doing now but believe that a few years ago everyone was getting into property and look at where they are now!
Do what's right for you, depending on your attitude to risk.
 
When you find the person in the know please let me know. I'm just doing my own thing same as everybody else and don't trust any bank/institution/agency/broker/investment vehicle to manage my money any better than I can myself.
 
Maybe a silly a question, but I'll ask it anyway............if I fly to a city in germany or france for example, will I be able to open a bank account with a bank there? (assuming I have a passport and a few utility bills with proof of addess)
 
dec1892 said:
Maybe a silly a question, but I'll ask it anyway............if I fly to a city in germany or france for example, will I be able to open a bank account with a bank there? (assuming I have a passport and a few utility bills with proof of addess)
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This is already extensively covered on AAM. Do a search, or google it with AAM in search.
 
Bronte said:
When you find the person in the know please let me know. I'm just doing my own thing same as everybody else and don't trust any bank/institution/agency/broker/investment vehicle to manage my money any better than I can myself.
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+1

Personally, I am trying to clear down personal debt (mortgage) as best / as soon as I can.
 
dec1892 said:
Maybe a silly a question, but I'll ask it anyway............if I fly to a city in germany or france for example, will I be able to open a bank account with a bank there? (assuming I have a passport and a few utility bills with proof of addess)
Click to expand...

Much would depend on what institution you approach. They may not speak English and may not be up to speed with their own bank's policy on non resident accounts. Better to approach a bank that has a presence here or in the UK - they are more likely to welcome non resident accounts. e.g BNP Paribas, Rabo, Santander or HSBC plus all the UK banks for sterling area. Slim
 
OP - based on observations plus commentary from many posters on AAM you should do the following :-

1. Worry. Even better, panic :-(" everything here's lousy, ireland's doomed. etc etc")

2. Forget loyalty or feelings of affection towards Ireland. Just go along with everyone else and take any savings out of the country, regardless that this will be the final nail in the coffin for Ireland.

Remember that panicking and depriving Irish banks of your money are both vital steps in ensuring the aim of speculators is achieved which is that the Irish economy collapses and thus
The speculators can thus fulfil their prophecy and say "told you that the country/ banks/economy would go bust "

So, OP, no delaying ! - jump in the lifeboat along with everyone else and leave S.S. Ieland to sink.
 
dec1892 said:
Maybe a silly a question, but I'll ask it anyway............if I fly to a city in germany or france for example, will I be able to open a bank account with a bank there? (assuming I have a passport and a few utility bills with proof of addess)
Click to expand...

Yes Dec
I spent a day in Lyon and done this. Bring a utility bill that has been stamped by a bank here as some ask for it. Get a tax clearance cert (easily done from revenue website). Bring a recent bank statement from here also. Most of all try bring someone who speaks French!
Whole thing took me 2 hours.
 

Or continue to believe in Ireland.com while the fat cats live the dream at our expense.
 
hiagain said:
I know this is a cheeky question, but with all of the uncertainty around what are people really doing with their savings??

I am very concerned because we don't have a very high or secure income, but do have savings.
Click to expand...

I'm putting it all into confusedude's bank a/c and would heartily recommend you do the same. I'll PM the a/c number, if you like.
 
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