Beginner tips? Boi fund?

chris1982

Hi,

I recently graduated university, and have started a job. The income is not that great 23k a year, but i still would like to start investing and potentially maximizing that income.. I will be able to invest around 300,400 monthly.

I was looking at Bank Of Ireland's Smart Choice Offcer..

Use SmartChoice from Bank of Ireland Life to save regularly, while taking advantage of the growth potential of the stock market.

• Access to a 25% loyalty bonus based on your first year's investment
• Choose from a wide range of investment funds that reflect your individual attitude to risk
• Minimum investment of €100 per month
• No limit on the amount you can invest

Would this be ok for a beginner? Perhaps there are other funds/options someone can suggest..Thanks guys

vigos

one thing to look at if you´re going to invest in funds in the charges, so I would shop around if you´re going to go invest money in funds

turf

try rabodirect.ie

chris1982

thanks for the rabo direct link, they seem like a very good/legit company to deal with. will check it out

You should also have a look at Quinn Life for that level of contribution.

Beware of companies offering incentives like 'loyalty bonuses' as these are invariably paid out of higher charges on the products.