Investing for beginners: Everything you need to know to make your money work harder for you
If you do not need money in the next 5 years, it doesn’t belong in your savings account, Credit Union, or An Post account; you should be investing instead.
For individuals who aren’t going with a consultant, it is advisable to invest in a ‘no brainer 60/40 portfolio’, which should be left untouched for 5 years. This portfolio has a 15% chance of losing money over three years and only a 0.4% chance of losing money over five years. The investment amount varies, but most companies will accept as little as EUR500.