Whether you have EUR10,000 to invest or a more substantial lump sum, understanding how Ireland’s richest investors manage their investments can help you grow your wealth. From stocks and property to high-yield savings and private equity, this article will explore the Best Investment Strategies in Ireland’s wealthiest – and how you can apply them to your own financial journey.
Property
The emotional and historical significance of property ownership means that it remains an essential element in many Irish investment portfolios. The tangible nature of a bricks-and-mortar investment feels more secure than abstract financial instruments and there is a widespread belief that whilst property prices may fluctuate, physical property will retain its intrinsic value. In addition, rental properties offer a regular income stream and tax incentives make them an attractive asset to hold for the long term.
Stocks & ETFs
The Irish and global stock market offers a great opportunity to grow your money over the long-term. You can invest in individual shares or an ETF that tracks a specific sector or the whole market. ETFs are popular as they are low-cost and provide diversification.
A good option for beginners is to use a low-cost broker that charges commission-free trading on stocks and ETFs. You can also consider investing through an investment trust, which offers similar diversification to an ETF but comes with a lower management fee.