- investment-group@lists.redbrick.dcu.ie

[Investment-group] Whatever happened this idea?
by Paul Gargan 06 May '05

06 May '05

Death from, eh, lack of interest? :-) -- "Relax Paul, I'm your friend. I'm only dancing with you."

3 2

[Investment-group] Re: Investment accounts
by Mike 25 Dec '04

25 Dec '04

On Sat, 25 Dec 2004 in redbrick.business sares wrote: > Warren Buffett, the most successful investor of all time, would be very > very happy with that. If it wasn't for the fact that he can do nothing about the exchange rate, some BRKa shares wouldn't be a bad conservative investment ;) -- -Candy'n'Coke-

2 1

[Investment-group] Happy Christmas
by Dave Madden 25 Dec '04

25 Dec '04

Hi everyone, and a happy Christmas to Redbrick Holdings*. I only read redbrick.business today. As I have my own investment plans, anything I do with RH would be pretty minor - either "fun money" or part of a diversification strategy. I suspect this is the same for the rest of you. I'll post more later, after Christmas, but I'm just mailing to say that I'm interested, and that I'd be _more_ interested in a speculative/investment approach than a savings approach. The gain from having a large sum on deposit (rather than a small sum) is small in terms of higher interest rates. On your 5k or whatever, it'll make little differnece. I'd have some interest in property - because I'm not a homeowner, not because I like the asset class right now. However, property has... many problems. Many. We could also be an "investment club" in the style of the 90s boom - we work together to find investment ideas and research them. A final idea: we go to a financial company and say "Yo, we're 50 people and will be more, give us a special offer." A final caveat: I work for New Ireland Assurance, my opinions are my own, I may be wrong about everything, don't blame me etc. Merry non-denominationally offensive holiday! Dave *Although we could call it CONSORTIUM. :)

1 0

[Investment-group] Good site
by David Concannon 17 Dec '04

17 Dec '04

Interesting site on various investment strategies. http://www.incademy.com/pages/home.htm

1 0

[Investment-group] Purpose
by David Concannon 09 Dec '04

09 Dec '04

Thanks to everyone who's joined the list. The premise behind this idea at its very simplest is that we get together a group of people and pool our savings into a high interest account or other such non-risk plan. To avail of a high interest account you must have a minimum of 150k in an account. Obviously some people will want to contribute more and some less, but this amount must be reached before we have a viable prospect. This is probably manageable with associates who, if you find yourself in a similar position as myself, have a few quid to put away somewhere and are unsure of what exactly is the most efficient way of doing it. A few issues to consider: 1) How to manage the account? My initial impression was for a Ltd company to manage it under a number of nominated directors. The downside of this is tax implications, accounting costs etc. Another option would be to have a solicitor manage the account. 2) Do we allow new members to join after the initial investment, or do we allow existing members to add more into the account? If we were to go for a high interest account, the interest changes every month. Keeping track of the interest allowed per member would be a prohibitivly time consuming task. 3) How long to invest for? Do we allow members to drop out whenever they want, or is the investment over a fixed length of time? Can members withdraw money only one month of the year? The complexity of it has to do more with the interest calculations, and who owns what portion of it. Also, if a large number of members withdraw at the same time the investment may not be viable any more (<150k). 4) Who else to get involved: If anyone has any friends, relatives etc who want to get involved in this what are the criteria? Are they allowed at all? In my opinion the more the better - The costs per person are going to decrease. 5) Division of costs: Equal? In proportion to the individual investment? Deal with cost and interest differently? 6) Other concerns? Anyone else have any ideas, concerns, etc? Dave -- In night-fighting, then, make much use of signal-fires and drums, and in fighting by day, of flags and banners, as a means of influencing the ears and eyes of your army.

9 17

[Investment-group] Accounts
by David Concannon 08 Dec '04

08 Dec '04

Here's the account I was looking at: (Hopefully I'm not getting the wrong end of the stick) The rate yesterday was 2.17%. Platinum Account EBS Platinum Account is a demand account for higher balances, offering extremely competitive rates. Key Benefits and Features No fees or charges High Returns. Rate is 1-month EURIBOR which is set weekly Minimum Balance .150,000 Interest is credited monthly on the last working day Automatic statement is issued every month Same day value Funds on demand -- In night-fighting, then, make much use of signal-fires and drums, and in fighting by day, of flags and banners, as a means of influencing the ears and eyes of your army.

3 2

[Investment-group] Archives?
by Mike 08 Dec '04

08 Dec '04

Hi all, so, any archives yet? In fact, have there been any posts yet? Just in case there either a) aren't or b) haven't been any posts yet, some on topic info. Northern Rock online accounts for 1K+ have a CAR of 2.8% (or 2.58% if you want monthly interest). More info at: http://www.cmr.northernrock-ireland.ie/products.asp?id=338240&group=2&page=1 but it's the best I've come across for short term savings. Mike -- -something interesting here-

1 0

[Investment-group] First Post
by David Concannon 07 Dec '04

07 Dec '04

*tap* *tap* "Is this thing on?" Dave -- Unhappy is the fate of one who tries to win his battles and succeed in his attacks without cultivating the spirit of enterprise; for the result is waste of time and general stagnation.

2 1