Eoin McGee answers: 'I'm 26 with 50k in savings and 7k in crypto. Should I invest in shares or buy a house?'
Briefly

At 26 years old and living at home, saving €50,000 while only having minor expenses presents an opportunity for investment. Spending €25,000 on shares or bonds could lead to significant long-term financial growth. The current savings may be higher than needed for daily life. However, purchasing a home should also be considered, weighing the benefits of property investment against the potential returns from investing in the stock market or bonds. Diversifying investment options may provide a balanced financial future.
With €50,000 in savings and low expenses, investing €25,000 in shares or bonds could provide long-term growth and financial security.
Considering the potential for market fluctuations, investing in shares and bonds now may yield better returns over time than simply holding cash.
Buying a home can be a significant investment; however, assessing your current lifestyle, market conditions, and future plans is crucial.
Diversifying your investment portfolio with shares or bonds might enhance your financial standing in the long-term versus focusing solely on purchasing property.
Read at Independent
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