S&P 500 investing

Del007

I would like to put in 1000 euro per month, probably into the S&P 500. I'm picking this because I don't know much about investing and it seems safe enough.

Degiro is the company that I keep seeing, is this the best one to go with?

Thanks for your help

reactadabtc

It's probably safe enough long term. The deemed disposable rule (pay 41% tax on profits every 8 years) is annoying, but it's not enough to put me off doing it.

Honey50000

https://www.boards.ie/discussion/comment/121007317#Comment_121007317

I talked to a financial advisor about this was told it was not straighforward likely going to go with european and world index funds instead with Zurich I believe she said.

Del007

Can you recommend who to go with when buying S&P 500?

Supercell

Closest thing I'd imagine to S&P 500 is JAM (half of my holdings are in it and a third in ATT - see below), you cannot buy the SPY ETF in Europe as a private investor (at least without shenanigans only available to the rich) due to stupid KID legislation, you'll need Degiro to buy JAM in Ireland. There is an ETF: VUSA but taxation on ETFs was written by financial retards in Ireland

If you are looking for a QQQ equivalent I'd suggest ATT, though there is an ETF: EQQQ but taxation on it is a pain unless its wrapped up in to a PRSA AVC - I have a lot of my AVC's in EQQQ and VUSA.

tesla_newbie

I’d be happy to choose JAM as a proxy for SPY buy the investment trust ATT has been a very poor substitute for QQQ

mitra

Can we avoid 41% by investing in non-domiciled ETFs like VOO and QQQ? I see they are available in eToro and I've some positions in both.

Supercell

https://www.boards.ie/discussion/comment/121029224#Comment_121029224

True but its performance has been better over the last 5 years than SPY or JAM, would love to hear of alternatives, maybe SMT but thats gone to the dogs totally in the last couple of years.

Supercell

https://www.boards.ie/discussion/comment/121042756#Comment_121042756

eToro shouldn't be selling you those as they have no KID and are therefore illegal to sell to EU domiciled people AFAIK.