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EFT Advice

  • 21-03-2015 6:27pm
    #1
    EC1991
    Registered Users, Registered Users 2 Posts: 30 ✭


    Good afternoon,

    I'm looking to get the ball rolling from an early age in terms of saving and investing. I'm planning to invest a small principal sum now (~€5,000), and to add to this year on year. I've begun to read some of the literature on the topic and found 'A random walk down Wall St.' an interesting read. I like the idea of EFTs and index funds, as apposed to mutuals and individual stocks. I'm wondering if someone could provide some advice on the following:

    I'm looking to invest initially in 1 EFT, with a view to adding a second later in the year. Following that, I'm not anticipating making many more trades, perhaps 1-2 small stock purchases/yr. Who would be the most suitable broker for an individual who looks to make only 3-4 execution only trades/yr?

    When brokers list their transaction fees, do these fees apply when buying? Or are you charged on both the purchase and the sale?

    I wish to invest in an Irish EFT first, adding something that tracks the S&P 500 later in the year. iShares EIRL has an expense ratio of just 0.48%. Am I correct in saying this isn't listed on the ISE? Is there any other EFT that are listed on the ISE with a low expense ratio? If not, are their other charges & tax's associates with trading on the NYSE?

    What are the tax implications here in Ireland? I understand any ISE trade is subject to 1% stamp duty, is this at the point of purchase or sale? Do you pay capital gains on both dividends and when selling shares at a profit? If so, what is the capital gains rate?


    If someone could shine some light on this it'd be greatly appreciated.

    EC


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