Beginning to Invest - All questions go here please

Bus Wanker

Hey, after a bit of research I've decided to go trading212 over Degiro for now (only small investments anyway). If anyone has a referral link they would like to pm? Thanks. [Sorted thanks]

HillCloudHop

I too would greatly appreciate a Trading212 referral link if possible. Thanks

(Got a referral. Thank you)

Me too... please.

EDIT: Got one thanks!

Can anyone recommend a resource to manually track buying and selling shares? I know brokers will give statements but I like to track things myself.

I could make a spreadhseet that does this, taking into account first in first out etc. but I am hoping something like this exists already!

sphinx501

Lilian Plain Ponytail wrote: »

Can anyone recommend a resource to manually track buying and selling shares? I know brokers will give statements but I like to track things myself.

I could make a spreadhseet that does this, taking into account first in first out etc. but I am hoping something like this exists already!

I am looking for something similar, the mobile only app Delta looks good with broker integration too if needed.

https://delta.app/en

Would prefer a desktop app myself, so still looking.

richieffff

Seem to be stuck in the same Degiro verification loop as others here, I've bought a few bits in Revolut but they're missing a lot of companies.

If anyone wants to PM me a Trading 212 referral I'd appreciate it. (Sorted thank you)

HillCloudHop

I just received a Trading212 referral link, but there's currently a waiting list to open an account with them...

endainoz

I don't see people trading much stock on revolut? Is it because they focus mainly on american stocks or is there another reason people prefer other platforms?

Bacchus

With the other thread on ETFs, I read some of the links provided, and not for the first time I'm seeing these warnings that the market is overvalued. Can anyone provide any advice on how to reduce your risk? Is it a matter of trying to cash out ahead of a drop and then buy back in on a dip? Is it about being as diverse as you can? Are there particular sectors that are particularly hot/exposed? Such as the tech sector?

retalivity

endainoz wrote: »

I don't see people trading much stock on revolut? Is it because they focus mainly on american stocks or is there another reason people prefer other platforms?

I found the interface a bit crap, and does feel like an add-on to their existing service rather than a pure trading app/portal (which it is ultimately).

Shedite27

Bacchus wrote: »

With the other thread on ETFs, I read some of the links provided, and not for the first time I'm seeing these warnings that the market is overvalued. Can anyone provide any advice on how to reduce your risk? Is it a matter of trying to cash out ahead of a drop and then buy back in on a dip? Is it about being as diverse as you can? Are there particular sectors that are particularly hot/exposed? Such as the tech sector?

Nobody here can tell you that. we'll guess, some might get it right, but nobody knows. It's impossible to call the top, so don't even try. People have been saying since last June that it's overvalued, and maky companies have doubled or tripled since then.

To reduce risk, yes, be diverse, buy some staples that won't drop as much (Disney, JNJ, etc), but you're limiting your profits then too.

The common narrative at the moment is that stocks will continue to rise while governments are pumping in money and interest rates are low. No sign of that stopping anytime soon, and 2021+ are gonna be whopper years for anything in services, retail etc.

Buffet has a great quote, "Time in the market is more important than timing the market"

Bacchus

Bacchus wrote: »

With the other thread on ETFs, I read some of the links provided, and not for the first time I'm seeing these warnings that the market is overvalued. Can anyone provide any advice on how to reduce your risk? Is it a matter of trying to cash out ahead of a drop and then buy back in on a dip? Is it about being as diverse as you can? Are there particular sectors that are particularly hot/exposed? Such as the tech sector?

I have been reading a lot about this myself.

One answer is to focus on old school style value investing, investing focused on fundamental analysis, buying stocks that are valued lower than what you think their intrinsic value is, rather than investing solely in growth potential. The disadvantage is that when the market is overvalued there might not be much to invest in and you are missing out on massive gains. The advantage is that (hopefully) when there is a readjustment/crash your stocks should weather it far better, and you will be "rubbing your hands" at opportunities to invest at that stage when everyone else is freaking out. Value investing is a long term game.

I'm reading this book at the minute: https://www.amazon.co.uk/Little-Value-Investing-Books-Profits/dp/0470055898

sphinx501

Where can you purchase ARK ETF? It is not listed on DeGiro.

Finical

Bought in to the hype and bought some amc shares and obviously have made a loss on them at the moment. I still plan to hold them long term, but I'm wondering can you offset the loss every year for tax reasons or do you wait until you actually sell some of the shares or all of them.

Also a quick question on dividends do most companies hand dividends out or only certain companies.

Like for the amc shares I invested will there be dividends? And if so do you have to report these yearly for the dividend tax?

So sorry that the above has been asked previously. Any advice greatly appreciated.

This forum has been great treading through, I want to learn the basics of trading as it interests me a lot and I plan to put a bit of money a side each week to invest, nothing major.

Is there any Irish books or websites that would be of use for me to gain knowledge from the bare minimum.

Shedite27

Finical wrote: »

Bought in to the hype and bought some amc shares and obviously have made a loss on them at the moment. I still plan to hold them long term, but I'm wondering can you offset the loss every year for tax reasons or do you wait until you actually sell some of the shares or all of them.

Also a quick question on dividends do most companies hand dividends out or only certain companies.

Like for the amc shares I invested will there be dividends? And if so do you have to report these yearly for the dividend tax?

So sorry that the above has been asked previously. Any advice greatly appreciated.

This forum has been great treading through, I want to learn the basics of trading as it interests me a lot and I plan to put a bit of money a side each week to invest, nothing major.

Is there any Irish books or websites that would be of use for me to gain knowledge from the bare minimum.

You have to wait to sell to use the loss for an offset. And have to hold for 30 days before that's allowable (ie don't sell in the next few weeks)

If you look at the stock on Yahoo Finance you'll see if it gives a dividend. If there's an ex-dividend date, you hold the stock on that date, you get the dividend. https://finance.yahoo.com/quote/AMC?p=AMC&.tsrc=fin-srch

Yes you need to add the dividned income as income tax.

Learn app is the best to get you started. There's a blogger "Wolf of Harcout Street" that does some stuff specific to Ireland

Finical

Shedite27 wrote: »

You have to wait to sell to use the loss for an offset. And have to hold for 30 days before that's allowable (ie don't sell in the next few weeks)

If you look at the stock on Yahoo Finance you'll see if it gives a dividend. If there's an ex-dividend date, you hold the stock on that date, you get the dividend. https://finance.yahoo.com/quote/AMC?p=AMC&.tsrc=fin-srch

Yes you need to add the dividned income as income tax.

Learn app is the best to get you started. There's a blogger "Wolf of Harcout Street" that does some stuff specific to Ireland

That's brilliant, helps so much.

Appreciate it greatly!

Standman

Like a lot of people the madness of GME over the last few weeks has brought me crashing into the investment world. I bought in to GME and lost out in the end.

Although I did tell myself it was just a gamble, I paid more than I ever would have gambled in the conventional sense, but it was an amount I can live with. I've now decided there may be something to this investment craic and that coming at it with a gambler's attitude was a big mistake.

I'm doing a free Intro to Investments course online via edX (created by Harvard & MIT, hosts free & paid university-level courses online) and it's not bad so far. Has anyone tried this avenue before (online courses in investing)?

I did originally start with watching a few youtube videos on the subject but with so many vested interests it's hard to trust these random youtubers.

Shedite27

Standman wrote: »

Like a lot of people the madness of GME over the last few weeks has brought me crashing into the investment world. I bought in to GME and lost out in the end.

Although I did tell myself it was just a gamble, I paid more than I ever would have gambled in the conventional sense, but it was an amount I can live with. I've now decided there may be something to this investment craic and that coming at it with a gambler's attitude was a big mistake.

I'm doing a free Intro to Investments course online via edX (created by Harvard & MIT, hosts free & paid university-level courses online) and it's not bad so far. Has anyone tried this avenue before (online courses in investing)?

I did originally start with watching a few youtube videos on the subject but with so many vested interests it's hard to trust these random youtubers.

People are probably fed up with me recommending this at this stage, but download the Learn app by MyWallSt. Takes about 1-2hrs to get through the content, written by Irish lads about the Us stock market

Standman

Shedite27 wrote: »

People are probably fed up with me recommending this at this stage, but download the Learn app by MyWallSt. Takes about 1-2hrs to get through the content, written by Irish lads about the Us stock market

Brilliant, thanks for the tip!

HillCloudHop

I'm exploring Degiro.
I'm looking at Ryanair as an example.
Why is there multiple listings in different countries?
Which is the actual company?

https://imgur.com/a/HMSLeOS

HillCloudHop

HillCloudHop wrote: »

I'm exploring Degiro.
I'm looking at Ryanair as an example.
Why is there multiple listings in different countries?
Which is the actual company?

https://imgur.com/a/HMSLeOS

Looks like listings on multiple exchanges

Taylor365

HillCloudHop wrote: »

I'm exploring Degiro.
I'm looking at Ryanair as an example.
Why is there multiple listings in different countries?
Which is the actual company?

https://imgur.com/a/HMSLeOS

Different exchanges and possibly different class of shares.


When selecting which to buy, bare in mind currency and volume of that particular stock.

Timmaay

sphinx501 wrote: »

Where can you purchase ARK ETF? It is not listed on DeGiro.

Short answer is you can't.

Best you could do is follow one of the pie invest strategies on t212.

Heraclius

I am relatively new to investing and I am considering investing in an ETF despite the 41% tax every eight years. I am wondering if anyone had any advice about choosing between a distributing and accumulating ETF? If I chose an accumulating ETF does each dividend payment start a new eight year clock or do I only have to keep track of the total gain from the initial investment date?

VonLuck

Anyone have any tips on lump sum investing? I was foolishly putting away some money into a savings account and had avoided the stock market as a result of the fear of the unknown. Now I have a lump sum that I'm looking to invest, but worried about throwing it all in at once and the market turning.

I know the best approach is dollar (or euro) cost averaging i.e. spreading it out over a number of months, but that would leave a balance effectively losing money due to inflation whilst it sits in my bank account. What's the best approach in this scenario?

HelloYoungBoy

VonLuck wrote: »

Anyone have any tips on lump sum investing? I was foolishly putting away some money into a savings account and had avoided the stock market as a result of the fear of the unknown. Now I have a lump sum that I'm looking to invest, but worried about throwing it all in at once and the market turning.

I know the best approach is dollar (or euro) cost averaging i.e. spreading it out over a number of months, but that would leave a balance effectively losing money due to inflation whilst it sits in my bank account. What's the best approach in this scenario?

If I were in your position I would dollar cost average in. The market is very stretched at the moment. Thats not to say the run won't continue but by dollar cost averaging you would benefit from any potential dips along the way. Ultimately up to you and what you feel comfortable doing. How long you plan to leave the money invested is another important consideration

VonLuck

HelloYoungBoy wrote: »

If I were in your position I would dollar cost average in. The market is very stretched at the moment. Thats not to say the run won't continue but by dollar cost averaging you would benefit from any potential dips along the way. Ultimately up to you and what you feel comfortable doing. How long you plan to leave the money invested is another important consideration

I do tend to hear the argument that time in the market is always the better option, but I suppose that's factoring in that it's invested for a long time.

Wouldn't dollar cost averaging with a lump sum be effectively trying to time the market which people say to avoid?

Also, what would you do with the lump sum in the meantime? Leave it in a savings account? Maybe pay off mortgage debt for guaranteed (albeit relatively low) 'returns'?

HelloYoungBoy

VonLuck wrote: »

I do tend to hear the argument that time in the market is always the better option, but I suppose that's factoring in that it's invested for a long time.

Wouldn't dollar cost averaging with a lump sum be effectively trying to time the market which people say to avoid?

Also, what would you do with the lump sum in the meantime? Leave it in a savings account? Maybe pay off mortgage debt for guaranteed (albeit relatively low) 'returns'?

Dollar cost averaging is actually the opposite of timing the market, you are investing at regular intervals regardless of the underlying market conditions.

Where is the lump sum currently sitting? If it was me id have it in a bank account and drip into into the market over a number of months but thats just me others on here might have other opinions and we don't know your full situation

VonLuck

HelloYoungBoy wrote: »

Dollar cost averaging is actually the opposite of timing the market, you are investing at regular intervals regardless of the underlying market conditions.

Where is the lump sum currently sitting? If it was me id have it in a bank account and drip into into the market over a number of months but thats just me others on here might have other opinions and we don't know your full situation

Wouldn't dollar cost averaging only apply the opposite way by investing the money when it's available? This is almost the reverse. You have the money but are drip feeding it into the market i.e. purposefully timing when you invest.

The lump sum would just be sitting in a deposit account making almost nothing.

I know that there's no right answer, but would be good to get people's thoughts all the same.

dashcamdanny

I have a Degiro active account now. And it has credited money now in my portfolio .

TBH I dont know how that all works. Im afraid to go near it till I know.

What is a debit money account? In dummy terms..