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Options for holding a small amount of stock for a long period of time

  • 24-07-2012 5:02pm
    #1
    daveyjoe
    Registered Users, Registered Users 2 Posts: 1,464 ✭✭✭


    I currently trade with Internaxx and I generally find them very good. I only invest spare change and I generally buy stock with the intent of holding onto them for a long period of time.

    At the moment I have about €3,000 in Google (GOOG) and €3,000 in a Gold Bullion ETF. My intention is to hold onto them for another 3+ years. The problem is that Internaxx charge a Safe Custody Fee every quarter of about €17. So, €68/year is quite a hit given that I only have €6,000 invested (greater than 1% annual interest).

    Can anybody suggest a more cost effective alternative than Internaxx?


Comments

  • #2
    tommylimerick
    Registered Users, Registered Users 2 Posts: 213 ✭✭tommylimerick


    hi daveyjoe
    redmayne bentley does not have any charge for holding a execution account however you have to trade at least once evry 3 years otherwise you will be charged 40 sterling for inactivity


  • #3
    christeb
    Registered Users, Registered Users 2 Posts: 2,435 ✭✭✭christeb


    TD Direct don't charge anything if you hold over €5,000 (please double-check this figure) in your account. I recently moved there from NIB, saving myself €20 / quarter


  • #4
    bull_ring
    Banned (with Prison Access) Posts: 96 ✭✭bull_ring


    daveyjoe wrote: »
    I currently trade with Internaxx and I generally find them very good. I only invest spare change and I generally buy stock with the intent of holding onto them for a long period of time.

    At the moment I have about €3,000 in Google (GOOG) and €3,000 in a Gold Bullion ETF. My intention is to hold onto them for another 3+ years. The problem is that Internaxx charge a Safe Custody Fee every quarter of about €17. So, €68/year is quite a hit given that I only have €6,000 invested (greater than 1% annual interest).

    Can anybody suggest a more cost effective alternative than Internaxx?


    TD investing ireland ( part of td waterhouse ) charge a lot less than that


  • #5
    bull_ring
    Banned (with Prison Access) Posts: 96 ✭✭bull_ring


    christeb wrote: »
    TD Direct don't charge anything if you hold over €5,000 (please double-check this figure) in your account. I recently moved there from NIB, saving myself €20 / quarter


    pity they dont post out reciepts , cheap service but im spending more on printer ink :mad:


  • #6
    Ideo
    Registered Users, Registered Users 2 Posts: 1,618 ✭✭✭Ideo


    sharewatch is your answer
    http://www.sharewatch.ie/trading-fees.php


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  • #7
    daveyjoe
    Registered Users, Registered Users 2 Posts: 1,464 ✭✭✭daveyjoe


    Ideo wrote: »
    sharewatch is your answer
    http://www.sharewatch.ie/trading-fees.php
    Sharewatch have an inactivity fee of €12.50.

    Looks like TD Direct might be the job for me. Any other suggestions?


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