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stocks on paper cert

  • 14-03-2016 10:45PM
    #1
    aidanki
    Registered Users, Registered Users 2 Posts: 1,287 ✭✭✭


    neighbour is having his confirmation soon. Rather than giving him cash I was thinking of giving him some shares in the Vanguard Etf or something like that, say €150, so that he has to leave it there for the next 10years or something like that

    is there a way that I can give him a paper cert for €150 so that he doesn't have account maintenance and all that to worry about and eat away his €150


Comments

  • #2
    Francie Barrett
    Registered Users, Registered Users 2 Posts: 17,028 ✭✭✭✭Francie Barrett


    The dealing charges on a purchase of €150 worth of shares will destroy you. Campbell O'Connor will do it for €40 without an account, but then you've got to remember that you'd need to sell them again at some point, costing another €40.

    You've really only got two options, hand the money over in cash or buy a 10 year National Solidarity Bond that yields 25% after 10 years.


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