How to manage a large windfall
Last weekend, Dolores McNamara won €115 million in the Euromillions lottery. The Sunday Business Post asked some advisers what would be the best way to invest a large sum, advice that should also be useful for those with lesser sums.
Maura O'Neill, wealth development manager, Bloxhams Stockbrokers
First, an independent financial adviser should be consulted for investment advice. Initially, given the life-changing amount of money, it would be important to place the money either on deposit or in a mixture of deposit and guaranteed investment products. Even if this means a lower investment return for the first few months or so, this will preclude hasty investment decisions. Other investments can then be introduced selectively when...
Subscribe from just €1 for the first month!
Exclusive offers:
All Digital Access + eReader
Trial
€1
Unlimited Access for 1 Month
*New subscribers only
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Quarterly
€55
€42
90 Day Pass
2 Yearly
€315
€248
Unlimited Access for 2 Years
Team Pass
Get a Business Account for you and your team
Related Stories
The year in review
The best writing and and the biggest stories of 2019 from the Business Post
Newsround: What Thursday’s papers say
Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals
More cycle routes, expansion of Luas to Bray and new bus network proposed
Greater Dublin Area draft Transport Strategy published
