Yuri
2010-08-05 14:37:06
- #1
Hello,
I am still relatively young, but I plan to build my own house within the next 7 to 10 years =)
To be honest, since I don’t want to do anything stupid, I would like to ask which savings options would be ideal and how the investment amount could survive inflation over the next 10 years.
My current plan would be to save 8,000 - 10,000 euros annually if possible!
In 7 years that would be (if everything works out): 56,000 or 70,000 EUR
And in 10 years: 80,000 or 100,000 euros
Realistically, it will probably be around 50% of the planned maximum amount by then (you never know what will happen). So I assume about 50,000 EUR in capital in roughly 10 years.
Now my question: What is the smartest way to invest it? Are there government subsidies or other grants or good investment opportunities?
I would do it like this: I leave the money in a daily savings account for 1 year and as soon as there is a larger sum, I invest it in Switzerland (since it’s not EU and not a bankrupt country) in a bond with a 10-year term. I never really dealt with it that closely. It’s just an idea =)
Does anyone know better options or am I maybe doing something wrong with this idea? You hear a lot about building savings contracts, etc.
Also: What financing amount would be possible later? A house (meaning everything around it: house, land, connections, etc.) for 300,000 euros? Or what net monthly income would one need to provide to get such a financing amount (about 250k)?
I am currently planning the financing just "alone". Would that be negative?
And whether my girlfriend and I will still be together in 7 years, no one knows (so I cannot count on her).
Thanks in advance for helpful answers =)
I am still relatively young, but I plan to build my own house within the next 7 to 10 years =)
To be honest, since I don’t want to do anything stupid, I would like to ask which savings options would be ideal and how the investment amount could survive inflation over the next 10 years.
My current plan would be to save 8,000 - 10,000 euros annually if possible!
In 7 years that would be (if everything works out): 56,000 or 70,000 EUR
And in 10 years: 80,000 or 100,000 euros
Realistically, it will probably be around 50% of the planned maximum amount by then (you never know what will happen). So I assume about 50,000 EUR in capital in roughly 10 years.
Now my question: What is the smartest way to invest it? Are there government subsidies or other grants or good investment opportunities?
I would do it like this: I leave the money in a daily savings account for 1 year and as soon as there is a larger sum, I invest it in Switzerland (since it’s not EU and not a bankrupt country) in a bond with a 10-year term. I never really dealt with it that closely. It’s just an idea =)
Does anyone know better options or am I maybe doing something wrong with this idea? You hear a lot about building savings contracts, etc.
Also: What financing amount would be possible later? A house (meaning everything around it: house, land, connections, etc.) for 300,000 euros? Or what net monthly income would one need to provide to get such a financing amount (about 250k)?
I am currently planning the financing just "alone". Would that be negative?
And whether my girlfriend and I will still be together in 7 years, no one knows (so I cannot count on her).
Thanks in advance for helpful answers =)