alanwatts6253
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- Apr 12, 2018
- 6
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Hey Guys,
I was wondering if you guys had any advice for a 28 year old.
Me and my girlfriend will soon be looking into buying our first property and luckily we will be able to buy it outright without any mortgages. That said, at the moment the property prices in my country have reached outrages levels which I don't believe is sustainable for long.
I feel that if we buy now when prices are at an all time high we would be doing ourselves a disservice as we could buy a better property if we wait for the prices to adjust(This could not happen but we are willing to take the risk).
Our country is part of the EU so we are weighing the option to emigrate to another country for a few years before coming back here to purchase property. Who knows, maybe we may even end up staying abroad.
The only problem is that I don't know what to do with the cash in the meantime, I don't want to just let it lose value in the bank, I would like to at least earn some interest on the money.
What do you guys think I should do with the cash, keeping in mind that I prefer safety over earning potential and also keeping in mind that the government only guarantees just a proportion of the amount in the case that the bank defaults?
I was wondering if you guys had any advice for a 28 year old.
Me and my girlfriend will soon be looking into buying our first property and luckily we will be able to buy it outright without any mortgages. That said, at the moment the property prices in my country have reached outrages levels which I don't believe is sustainable for long.
I feel that if we buy now when prices are at an all time high we would be doing ourselves a disservice as we could buy a better property if we wait for the prices to adjust(This could not happen but we are willing to take the risk).
Our country is part of the EU so we are weighing the option to emigrate to another country for a few years before coming back here to purchase property. Who knows, maybe we may even end up staying abroad.
The only problem is that I don't know what to do with the cash in the meantime, I don't want to just let it lose value in the bank, I would like to at least earn some interest on the money.
What do you guys think I should do with the cash, keeping in mind that I prefer safety over earning potential and also keeping in mind that the government only guarantees just a proportion of the amount in the case that the bank defaults?
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