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AIB investment products

  • 11-04-2016 5:54pm
    #1
    YUYAXUAN
    Registered Users, Registered Users 2 Posts: 32 ✭


    Hi everyone, I have a bit of savings in AIB and I want to start to learn how to invest with let's say 3000 euros.

    I see there are quite some investment products in AIB, any recommendations about them?


Comments

  • #2
    topper_harley2
    Registered Users, Registered Users 2 Posts: 537 ✭✭✭topper_harley2


    What AIB products? What to you think of them yourself? Why concentrate on AIB alone? What are you investing for? How long are you investing? Have you a pension? Have you a mortgage? Have you an emergency fund outside this 3k?

    Many other questions other than opinions on AIB. Without looking at anything in detail, I see their regular investing plan is a unit linked fund run by Irish Life, meaning high fees, opaque products and most likely disappointed investors.


  • #3
    topper_harley2
    Registered Users, Registered Users 2 Posts: 537 ✭✭✭topper_harley2


    Most of the MAPs funds have 1.5% to 2% annual charges, and there is no way this is a TER.... definitely loads of hidden charges. 5% charge for early withdrawal too... wow, sign me up!


  • #4
    newacc2015
    Closed Accounts Posts: 2,379 ✭✭✭newacc2015


    I cant name a single person I know who invested in AIB products that are happy. I know 3 people who invested in AIB products and their "investments" are pretty much worthless. The fees are insane. Actively managed funds rarely beat passive investing such as the S&P500.

    I imagine a regular saver from Nationwide UK would perform better than a lot investment product from a bank without any risk


  • #5
    gordongekko
    Registered Users, Registered Users 2 Posts: 5,301 ✭✭✭gordongekko


    Aib managed to lose 20 billion are you sure you are happy taking investment advice from them?


  • #6
    Sonnenblumen
    Registered Users, Registered Users 2 Posts: 5,834 ✭✭✭Sonnenblumen


    gordongekko wrote: »
    Aib managed to lose 20 billion are you sure you are happy taking investment advice from them?

    Excellent response :D what's even worse they are a tied agent of Irish Life :eek:


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