We might cringe when we remember that Dustin represented Ireland in the 2008 Eurovision song contest, but we can't forget that he won the nations public vote to go forward and represent us. His song, Irelande Douze Pointe, and indeed Dustin’s performance, was energetic and ambitious. Unfortunately, the rest of Europe didn’t share the same enthusiasm for Ireland’s singing Turkey. It was more like ‘nil pointe’ rather than ‘douze pointe’ and poor Dustin didn’t get past the first semi-final stage.
It’s hard to believe that it was 10 years since Dustin took part in the 2008 Eurovision song contest; it doesn’t feel like it was that long ago. Time really does fly and savings can grow quickly over a short amount of time. For example, if you saved €150 a month for 10 years from 1 January 2008 to 31 December 2017, you could have saved around €15,000, but if you saved that same amount in Zurich's Balanced Fund you could now have over €23,000 *.
Some people put their savings into a regular savings or deposit account, and that gives them a predictable rate of interest. But when you invest your money in a fund it has the potential to grow faster. Some funds offer consistent growth while others have potential for higher long term gains. The higher the potential for growth, the riskier the fund, and your investment could go up or down.
Starting a savings plan today can help you prepare for your future and look forward to those big and small events in life. Whether you want to save a little or a lot, we have lots of different options that will get your money working harder for you, regardless to whether it's a small amount saved every month or a lump sum.
You don't have to be an expert get your savings working harder for you. You just need to talk to a trusted financial broker. Call our financial planning team on 1850 804164 or find a financial advisor in your area to get started.
The value of savings growth with Zurich's Balanced Fund
|Year savings plan started
||Amount saved each month
*Figures based on a monthly contribution of €75, €150 or €300 per month starting between January 1, 2000 and January 1, 2013 and paying until December 31, 2017. Figures are based on an investment in the Zurich Life Balanced Fund, and assume an allocation rate of 100.0% and an annual management charge of 1.0%. There is a 1% government levy that applies to these contributions and is included in the contributions shown. Exit tax of 41% applies.