RaboDirect Investment Funds

Cyclonius

When on the RaboDirect website earlier, I noticed that they're doing an offer for a reduced entry fee for their range of investment funds (reduced from 0.75% to 0.25%, while the exit fee is left at 0.75%). Some of the percentage returns, as can be seen here look pretty good, so I was half thinking of investing some money into them while the special offer is in place. (I do note that many of these funds would have a high enough element of risk to them, if they're posting returns in the 20 to 30% per annum over the last couple of years).

Having done a bit of research here, I noticed some threads by people that weren't too impressed with their performance in the past, though some of these threads date to the time of the bust. I was wondering if many people here put money in these funds, and how did they find them if they did?

Emperor1989

I have had money with them for 3 years now and I cannot really complain.

The have a lot of investment funds to choose from and a lot of them are posting very decent returns this year. Obviously you are responsible for your own risk profile but I like how hands on it is.

RealistSpy

I also have no Issue with Rabodirect myself.

daheff

me neither. Been using them since 2012.

Had a letter from them that a certain funds provider hadn't clarified their (Rabo's) ethical statement, so they offered people the chance to withdraw funds for free before a certain date as Rabo weren't going to deal with them anymore. Have to say that impressed me that Rabo would have those kind of standards.


Just remember that you are responsible to declare any profits to the taxman.

hmmm

daheff wrote: »

Just remember that you are responsible to declare any profits to the taxman.

I thought Rabo looked after all the tax implications?

daheff

hmmm wrote: »

I thought Rabo looked after all the tax implications?

only for deposit interest. Investments you have to declare yourself.

alb

Speaking of which, anyone already done this on form 11 and able to share exactly how to?

Atlantic Dawn

alb wrote: »

Speaking of which, anyone already done this on form 11 and able to share exactly how to?

There's a guide here and a tax aid to calculate your liabilities...

https://www.rabodirect.ie/investments/more-investment-info/taxation.aspx

daheff

I pretty much gave them a spreadsheet detailing the opening /closing trades I did and worked out the value of the profit.

They were happy enough with that...I didn't receive any queries back off the revenue (or even an acknowledgement of my letter)!


I rang them to be sure they got it and all was in order, which they confirmed