Good points, this feeds into Dave's crazy idea number 2, which is property investment. The aim would be to pick growth areas based upon one or more of the following: 1) Potential for tourist or continual rental. Tourist rental could cover the entire mortgage for the year during the summer months and potentially profit while also allowing the property to be used by the investors during the winter. For tourism based income, probably the south west is a good one, as it's the most consistant tourist visited area, with the northwest being generally poor. 2) Growth in terms of tourism or planned development: Such as investing along the areas where there are new luas/metro routes planned (swords/airport/etc), or where government decentralisation is likely to be expanded to (cavan /drogheda). Split the costs for all the mortgages evenly between members, and split excess rental income weighted on individual investment. Same again. Probably a bit messier, but if one solicitor could handle all the transactions we can do an economy of scale on the cost. Probably easier to manage people wanting to get their cash out too, anyone wanting to get out can pay for the valuation of the house, and take out their capital plus their percentage of the increased value. What happens if the housing market crashes? Well I for one will be too busy trying to find some insurance scam / inventive method of suicide. Shares? :) Dave On Wed, Dec 08, 2004 at 04:17:16PM -0000, Derek Organ wrote:
Apparently if you call EBS or even some of the other bank and ask them what product funds they have they can give you details. There are loads of different accounts, each with varying degrees of risk therefore varying degrees of potential earnings.
My personal preference would be for something that returned a bit more than 2%. Most people will get fairly close to that by just putting in your standard savings account.
Other possible ideas is a property investment group which should return considerable more, but again it all depends on how much can be raised and also possible this is a bit messier.
Jeebers Ltd. eBusiness Solutions Derek Organ Invent Centre, Dublin City University, Dublin 9, Ireland e: derek.organ@jeebers.com w: http://www.jeebers.com t: +353 (0)1 700 7593 m: +353 (0)87 251 0060
-----Original Message----- From: investment-group-bounces@lists.redbrick.dcu.ie [mailto:investment-group-bounces@lists.redbrick.dcu.ie] On Behalf Of David Concannon Sent: Wednesday, December 08, 2004 4:07 PM To: Paul Gargan Cc: investment-group@lists.redbrick.dcu.ie Subject: Re: [Investment-group] Purpose
I think the easiest way overall would be for people to invest the same amount each and all commit to the same term. (highly unlikely I know).
I think this might be too restrictive. It would make it a lot harder to reach the figure of 150k or whatever is required. Letting everyone invest what they can afford (subject to a minimum threshold) and then allocating the dividends pro rata seems like the best idea, imho.
I'd also suggest a fixed term (no arbitrary withdrawls) to simplify interest calculations.
I'm in agreement.
If our overheads are static (fixed rate for the solicitor or whatever,
fixed
banking charges) then I propose we split such charges per head, not per amount invested.
If we incur a charge based on the amount invested, then it makes sense to split such charges according to the amount each investor has contributed.
Again, that was my thought on it.
Also, I was under the grave misunderstanding that the 2% interest was credited monthly.
Anyway, there has to be a decent return out there somewhere.
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.
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_______________________________________________ Investment-group mailing list Investment-group@lists.redbrick.dcu.ie http://lists.redbrick.dcu.ie/mailman/listinfo/investment-group
-- 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.