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Lightyear....What is spread like

mp3ireland2 · 2024-04-05 18:47:36

Hi, I was a attracted to Trade republic for the 4% interest and bought some shares with a €1 fee. I was thinking I should sell some and buy back in order to max out the 1270 Capital gains tax each year. However I've noticed that the spread on the share prices is very large, on AIB for exmple I'd lose 5% of my shares. I…

05-04-2024 6:47pm

#1

mp3ireland2

Registered Users, Registered Users 2 Posts: 1,836 ✭✭✭

Join Date: October 2008

Posts: 1560

Hi,
I was a attracted to Trade republic for the 4% interest and bought some shares with a €1 fee. I was thinking I should sell some and buy back in order to max out the 1270 Capital gains tax each year. However I've noticed that the spread on the share prices is very large, on AIB for exmple I'd lose 5% of my shares. I believe Trade republic use an intermediate to trade so you are not dealing directly with the market.
I don't trade big amounts. Does anybody use Lightyear? Does it offer a more reasonable spread? I could sell enough to make €1270 profit and then buy them back in another app which offers better value.
Thanks

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