Index funds and Degiro

Curious Geroge

Looking to invest in a few index funds (S&P, Vanguard) and wondered if doing is suitable on degiro or should I approach a broker?

iAcesHigh

Curious Geroge wrote: »

Looking to invest in a few index funds (S&P, Vanguard) and wondered if doing is suitable on degiro or should I approach a broker?

Degiro is a brokerage and completely fine for that, as long as you're aware of tax implications for ETFs in Ireland (kind of a broken record on this forum already)

Good place to start HERE

Curious Geroge

How does the ETF different from a BOI evergreen fund for example.
Would the same capital gains not be applicable - with similar returns I'd prefer to take a less hassle approach

The index fund I was looking at with Degiro was the VANGUARD S&P500
https://www.vanguard.nl/portal/site/loadPDF?country=nl&docId=6017

The BOI evergreen fund
https://fundcentre.bankofireland.com/#factsheet/f-546-null/

iAcesHigh

Curious Geroge wrote: »

How does the ETF different from a BOI evergreen fund for example.
Would the same capital gains not be applicable - with similar returns I'd prefer to take a less hassle approach

The index fund I was looking at with Degiro was the VANGUARD S&P500
https://www.vanguard.nl/portal/site/loadPDF?country=nl&docId=6017

The BOI evergreen fund
https://fundcentre.bankofireland.com/#factsheet/f-546-null/

I'll leave somebody else to advise you on tax on mutual fund as I was never really into them, but beware that mutual fund has much higher, on average, fees than average ETF so it's a fine line between choosing bigger/more complicated ETFs when it comes to tax filing compared to mutual fund with probably less tax hassle (not sure, but presume so), but arguably smaller (if any) gains.

Shedite27

Curious Geroge wrote: »

How does the ETF different from a BOI evergreen fund for example.
Would the same capital gains not be applicable - with similar returns I'd prefer to take a less hassle approach

The index fund I was looking at with Degiro was the VANGUARD S&P500
https://www.vanguard.nl/portal/site/loadPDF?country=nl&docId=6017

The BOI evergreen fund
https://fundcentre.bankofireland.com/#factsheet/f-546-null/

Similar Performance? If you'd invested 10k in both those funds 5 years ago you'd now have 11,500 (15% profit with BOI) and 15,000 (50% profit) with Vanguard.

Tax would be similar, though admittedly that's not my forte.

Savings charges with BOI are about 1.5% per annum, and then there's a 1% levy if you go through New Ireland (BOI subsidiary). Degiro avoids that, Vangaurd charge should be about 0.2%.

In my experience, going through a cpmpany adds charges, that most people can do themselves to avoid. Those charges add up over time to have quite different returns.

Jim2007

Shedite27 wrote: »

In my experience, going through a cpmpany adds charges, that most people can do themselves to avoid. Those charges add up over time to have quite different returns.

On the other hand if you had a decent fund manager and invested 10k with them...



Sometimes it is worth paying a bit extra. Fundsmith.

Saudades

Is there a specific reason why Irish residents can't invest in Vanguard funds directly through Vanguard?

Ireland missing from the list here - https://global.vanguard.com/portal/site/home

Seems rather odd considering the funds are domiciled here.