Fees - BOI funds

daheff

Hi

does anybody know where I can get the fees associated with BOI funds? I'm sure they changed their website recently...it used to be there and i thought it was around 6%. Was in a branch recently and told its only 1 or 2 % - but i dont believe that.


thanks

Liam D Ferguson

If you have a Bank of Ireland product, there are two forms of fees: -

1. Fees on the product
2. Fees on the fund as a whole

The fees on a fund will often be public domain information on the fact-sheet of the particular fund, but the fees on the product are specific to that product and can vary a lot depending on the amount you're putting in and the type of product.

Best way to find out the total fee you're paying is to ask Bank of Ireland to put them all in writing for you.

bull_ring

daheff wrote: »

Hi

does anybody know where I can get the fees associated with BOI funds? I'm sure they changed their website recently...it used to be there and i thought it was around 6%. Was in a branch recently and told its only 1 or 2 % - but i dont believe that.


thanks

why not simply buy a few etf,s , i hate to see people getting ripped off my banks with exhorbinant managment fees, ultimatley , all investments play in the same market , etf,s can be picked yourself and for a fraction of the cost

daheff

bull_ring wrote: »

why not simply buy a few etf,s , i hate to see people getting ripped off my banks with exhorbinant managment fees, ultimatley , all investments play in the same market , etf,s can be picked yourself and for a fraction of the cost

maybe so, but you still pay mgmt fees for these (built into price) and a dealing commission (in & out) -so if you arent trading large amounts then its not worth your while. As I want to buy units over a period of time (to smooth market price) its not worth my while buying etfs

thanks though

bull_ring

daheff wrote: »

maybe so, but you still pay mgmt fees for these (built into price) and a dealing commission (in & out) -so if you arent trading large amounts then its not worth your while. As I want to buy units over a period of time (to smooth market price) its not worth my while buying etfs

thanks though

managment fees for a managed fund you buy through a bank are in the range of 2% to 5% per anum

many of the vanguard etf funds which track the s + p , european or emerging markets , cost as little as 0.15% , cost of a trade is no more than twenty euro with the likes of td investing , you pay a yearly brokerage fee but its rarely more than fifty euro

you can still buy into an etf over an extended period of time

you seem to know a bit about theese kind of investments so i dont want to sound like im lecturing , i speak as someone who never saw any gains with any investment fund ive ever bought through a bank , never , and the money was not stuck in irish property either

Jayminato

bull_ring wrote: »

managment fees for a managed fund you buy through a bank are in the range of 2% to 5% per anum

many of the vanguard etf funds which track the s + p , european or emerging markets , cost as little as 0.15% , cost of a trade is no more than twenty euro with the likes of td investing , you pay a yearly brokerage fee but its rarely more than fifty euro

you can still buy into an etf over an extended period of time

you seem to know a bit about theese kind of investments so i dont want to sound like im lecturing , i speak as someone who never saw any gains with any investment fund ive ever bought through a bank , never , and the money was not stuck in irish property either

I have worked with these type of funds for over 20 years and have never seen an annual management charge of 5% or even 2% at that. You can get 100% allocation to investment (no upfront fee) and have your fund managed for circa 1% per annum. You have 2 free fund switches per year and you dont incur transaction charges.

The only time you will pay a 5% charge is if you surrender your investment within the first 2 years. You will have surrender penalties for first 5 years. You also have a 1% goverment levy which is a bit of a stinker but all charges in relation to stamp duty etc are paid for out of your annual management charge.

These funds are not as bad as your depicting and have a place for certain types of investors

bull_ring

Jayminato wrote: »

I have worked with these type of funds for over 20 years and have never seen an annual management charge of 5% or even 2% at that. You can get 100% allocation to investment (no upfront fee) and have your fund managed for circa 1% per annum. You have 2 free fund switches per year and you dont incur transaction charges.

The only time you will pay a 5% charge is if you surrender your investment within the first 2 years. You will have surrender penalties for first 5 years. You also have a 1% goverment levy which is a bit of a stinker but all charges in relation to stamp duty etc are paid for out of your annual management charge.

These funds are not as bad as your depicting and have a place for certain types of investors

according to the owner of askaboutmoney , four out of five managed funds never make any money , gains are swallowed up with charges

as for your refute of my claim that no managed funds cost 5% per anum

take the funds which rabbo direct offer right now , rabbo charge .5% upon entry and exit , you may not exit for years , however , they are only the broker , the funds they offer are from anyone from blackrock to jp morgan to fidelity , theese investment houses charge anything up to 5% per year , its listed on the rabbo site under the investment section

my biggest problem with buying managed funds through banks is that its too decentralised , once the fund is bought , the bank have thier commission and are not too bothered about whether the fund manager is any good or not , for every bill gross of pimco , thier are thousands of middle of the road managers who take a throw crap at the wall approach m, hoping something will stick

im trading some stocks at the moment as its a fantastic market for those who are willing to put up with large fluctuations , as soon as i get a few more grand , im dividing my money among three ETF,s and a long term bond etf which presently has a 3% yield , im thirty four so i reckon 20% is enough in bonds , i plan to stick 35% in the vanguard total u.s stock market etf which covers large and small caps , 30% on the vanguard european etf an the remaining 15% in wisdom trees emerging markets , all four broad based investments presently combined return an anual yield of 3.5% so even i see large falls in the short term due to a shakey market , im still getting more than i would in most savings account

ive said it before , its the same global market for everyone and their really isnt that much to this markets lark if your willing to diversify and most of all , be willing to wait at least ten years , thirty for a person in their twenties or thirties , i think thier is better value in etf,s