What to do with 15000 Euro ?

theriel

Hello!
The question is quite simple: what is the best thing you can do with 15 000 Euro right now? My knowledge as for investing is quite poor, especially considering the crisis, so there are a few questions I have:

1.The most important for me: What is the expected reaction in the strength of the pound sterling in a few months? Taking into the consideration the ratio with Euro, is the pound going to get stronger or weaker? Should I change my euro into pound as soon as possible or wait a little bit?

2.If I have already my ISA account, what is the best thing I could do with this amount of money? Should I put it into any saving account which could fight with the inflation and just hope or try investing in gold, anything else?

Thank you for your help!

purch

what is the best thing you can do with 15,000 Euro right now

You could buy about 3,150 pints of Guinness in a Pub in Dublin with it....(might last about 18 months..........if you don't keel over first)

Or 25oz of Gold.......(not as much fun.........but might last longer)

slopemaster

well, interest rates on euros are much lower than on sterling, so thhhats why we recently turned our euro savings into sterling.
As to which way the rate will go, who knows .... but in the past the pound has been worth 1.5 or 1.6 euros rather than the present 1.2, so PERHAPS there is, in the longer term, scope for that to happen again.
Of course it also depends which currency you will eventually want to spend your money in. We want ours in euros, so putting it in sterling is actually quite a risk... If you expect to spend yours in sterling, then obviously its safer

theriel

Yeah, so generally you would expect pound to become stronger in the nearest months and changing my euro into pound should be done right now?

P.S. I will spend my money in pounds eventually.