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Investing in Ireland? Is there any point?

  • 15-03-2021 11:32pm
    #1
    Jambonjunior
    Registered Users Posts: 260 ✭✭


    Is there any point in investing outside of a pension?
    Paying 33% on any profits after the allowance?
    And all the hassle around etfs and PRIIPs?
    Is it possible to rollover any losses, or is a case of lose you lose, win they take a chunk?
    Just find it all very disheartening.


Comments

  • #2
    cronos
    Registered Users Posts: 2,717 ✭✭✭cronos


    Jambonjunior wrote: »
    Is there any point in investing outside of a pension?
    Paying 33% on any profits after the allowance?
    And all the hassle around etfs and PRIIPs?
    Is it possible to rollover any losses, or is a case of lose you lose, win they take a chunk?
    Just find it all very disheartening.

    You can carry over losses towards future gains. You need to declare the loss though. I'm very new to investing so it will be this year that I have to get my head around the CGT system for the first time.


  • #3
    pioneerpro
    Registered Users Posts: 598 ✭✭✭pioneerpro


    cronos wrote: »
    You can carry over losses towards future gains...

    If you hold the stock for 4 weeks minimum.

    They don't like wealth creation in this country, just an overheated property market and a frontloaded pension scheme they can tax out of existence during the next recession @Jambonjunior.


  • #4
    Jambonjunior
    Registered Users Posts: 260 ✭✭Jambonjunior


    Is trading options viewed the same as trading stocks?


  • #5
    pioneerpro
    Registered Users Posts: 598 ✭✭✭pioneerpro


    Jambonjunior wrote: »
    Is trading options viewed the same as trading stocks?

    From a Tax perspective? Yep

    CFDs are considering gambling though if you're looking for a 'tax free' approach.


  • #6
    Timmaay
    Registered Users Posts: 11,394 ✭✭✭✭Timmaay


    pioneerpro wrote: »
    From a Tax perspective? Yep

    CFDs are considering gambling though if you're looking for a 'tax free' approach.

    No they are not. Only spreadbetting is considered tax free (ie you can't offset your losses against gains etc)


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  • #7
    pioneerpro
    Registered Users Posts: 598 ✭✭✭pioneerpro


    Timmaay wrote: »
    No they are not. Only spreadbetting is considered tax free (ie you can't offset your losses against gains etc)

    Sorry, I literally thought I'd that posted as part of that comment :confused:

    You're right of course, I clearly need coffee this morning :D


  • #8
    bish76
    Registered Users Posts: 169 ✭✭bish76


    Spread betting is gambling from revenue perspective which is actually true in most cases. Noobies are lured for tax free income but most will eventually loose it to hedge funds.

    Investing in stocks in Ireland comes after maximising pension and paying your mortgage. Investing in property made sense with tracker mortgages but not so much with BTL rate.


  • #9
    Mister Vain
    Registered Users Posts: 6,037 ✭✭✭Mister Vain


    The 33% CGT is fairly steep alright but its still better than leaving all your money in the bank.


  • #10
    Nonoperational
    Registered Users Posts: 7,401 ✭✭✭Nonoperational


    In this market yes it's still worth it.


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