Your Personal Finance Questions – With a possible recession, is now a good time to invest some leftover money?

QI would like to invest between €10,000 and €12,000 instead of sitting dormant in my checking account. Is it a good time to invest considering we may be facing a global recession? I know we have to weather the storm, so I advocate a five to ten year investment horizon.

A It’s impossible to recommend anyone’s specific investments without knowing a lot about their financial circumstances, said Liam Ferguson of finance brokerage FergA.com. An investment that might be right for you might not be right for your neighbor. Before you think about moving money from a checking account to an investment, first look at the alternatives. Have you maximized the tax relief on pension contributions? Have you paid off all expensive debts like credit card debt? If not, prioritize that, Mr Ferguson said.

https://www.independent.ie/business/personal-finance/your-personal-finance-questions-with-a-possible-recession-on-the-way-is-now-a-good-time-to-invest-some-spare-funds-42031208.html Your Personal Finance Questions – With a possible recession, is now a good time to invest some leftover money?

Fry Electronics Team

Fry Electronics.com is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@fry-electronics.com. The content will be deleted within 24 hours.

Related Articles

Back to top button