Brian201888 wrote: » So do I only pay tax when I sell the shares? Let's say the coca cola example if I buy 75k worth of shares and reinvest the dividend when do I pay tax?
Balanadan wrote: » There's a lot of people that hope to make a quick buck from investing, there's an industry there to take advantage of that. You might get lucky, you might not. Just like people who frequent bookmakers, you'll hear more about their wins than their losses. As for making your money work for you, it varies from person to person as to what's the right thing to do, everybody has different risk profiles. I know people, who normally have a strong appetite for risk, that have significant sums in low interest savings accounts at the moment, with little invested in markets because they want to have liquidity for other opportunities. If you ever want your head to melt, read some of the stupidity on investment forums. People who give share tips like you might get a tip on a horse. "I think the share price will go to X" (probably because that would make them money and they like that number). I remember someone telling me about a company 8 years ago, predicted to go to the moon in a short space of time, it's now trading at approx 75% of its value at that time and to date hasn't got off the ground. There are still a bunch of die hards discussing that company on an investment forum predicting great things to come. That may happen. There may also be (further) dilution.
valoren wrote: » Yes. Long term investor in blue chips. You have to hold stocks for the long term to get the benefit of the compounding. Many rent stocks, speculate in whatever is hot, buying high, selling low. Exponential growth is beautiful over the long term and the crux of proper investing. It's the reason why someone like American Grace Goner, a secretary for Abbott Labs in the 1940's can buy 3 shares of Abbott and become a multi millionaire 50 years later. It's all about getting fair value for me for companies that will never go away, investing savings in them, putting money to work, reinvesting dividends, sitting on your hole, plowing in when the **** hits the fan*, holding firm waiting for that inevitable exponential growth that takes decades to happen but will happen due to simple mathematics. Speculating is a different ball game altogether. To me that's trading, greater fool territory. Currently hold (with no intention of selling); AbbVie, Altria, Shell, Exxon Mobil, Disney, Johnson & Johnson, Starbucks, Berkshire Hathaway, Boeing, Intel and AT&T. All good dividend paying stocks (except Berkshire) bought at fair value. You can falsify accounting but you can't fake cold hard cash. Altria dropped 5% yesterday. The same old short-termism that people won't be smoking anymore. Turns out Altira (formerly Phillip Morris) was the best investment of the 20th Century. I will be buying more shares later. Our two year old daughter has Johnson & Johnson, Exxon, Disney, 3M and Berkshire Hathaway. Any cash gifts, allowances will be invested for her. By the time she is 20 she'll hopefully have a minimum of $100k compounding away, the dividends reinvested, and by the time she is middle aged, she'll be a millionaire. She's only 2 and owns a stake in those businesses. She watches the Mickey Mouse Clubhouse and she owns a stake in the company who made it. Something cool about that. Her sibling is due in September and will also have their own investment account. We don't even have ISA's in Ireland. We're just not an investing society. It's a bug bear to me to be honest. I grew up less than a mile from where Apple's european headquarters are. Apple, one of the most successful investments in recent years, and I never owned one damn share of them. It never seemed like something you could do as Investing was something rich people did and they did it with ridiculously expensive stock brokers who creamed it on fee's and commissions. * those companies aren't going away, and stock market panics are in actuality stocks on sale. The stock market is the only market where when the prices drop almost everyone runs out of the shop.
NeonWolf wrote: » valoren wrote: » Yes. Long term investor in blue chips. You have to hold stocks for the long term to get the benefit of the compounding. Many rent stocks, speculate in whatever is hot, buying high, selling low. Exponential growth is beautiful over the long term and the crux of proper investing. It's the reason why someone like American Grace Goner, a secretary for Abbott Labs in the 1940's can buy 3 shares of Abbott and become a multi millionaire 50 years later. It's all about getting fair value for me for companies that will never go away, investing savings in them, putting money to work, reinvesting dividends, sitting on your hole, plowing in when the **** hits the fan*, holding firm waiting for that inevitable exponential growth that takes decades to happen but will happen due to simple mathematics. Speculating is a different ball game altogether. To me that's trading, greater fool territory. Currently hold (with no intention of selling); AbbVie, Altria, Shell, Exxon Mobil, Disney, Johnson & Johnson, Starbucks, Berkshire Hathaway, Boeing, Intel and AT&T. All good dividend paying stocks (except Berkshire) bought at fair value. You can falsify accounting but you can't fake cold hard cash. Altria dropped 5% yesterday. The same old short-termism that people won't be smoking anymore. Turns out Altira (formerly Phillip Morris) was the best investment of the 20th Century. I will be buying more shares later. Our two year old daughter has Johnson & Johnson, Exxon, Disney, 3M and Berkshire Hathaway. Any cash gifts, allowances will be invested for her. By the time she is 20 she'll hopefully have a minimum of $100k compounding away, the dividends reinvested, and by the time she is middle aged, she'll be a millionaire. She's only 2 and owns a stake in those businesses. She watches the Mickey Mouse Clubhouse and she owns a stake in the company who made it. Something cool about that. Her sibling is due in September and will also have their own investment account. We don't even have ISA's in Ireland. We're just not an investing society. It's a bug bear to me to be honest. I grew up less than a mile from where Apple's european headquarters are. Apple, one of the most successful investments in recent years, and I never owned one damn share of them. It never seemed like something you could do as Investing was something rich people did and they did it with ridiculously expensive stock brokers who creamed it on fee's and commissions. * those companies aren't going away, and stock market panics are in actuality stocks on sale. The stock market is the only market where when the prices drop almost everyone runs out of the shop. How does one go about this? Do people just use the plus 500 app? Where do you invest and how do you check the progress of your stocks and how do you "cash out"?
NeonWolf wrote: » How does one go about this? Do people just use the plus 500 app? Where do you invest and how do you check the progress of your stocks and how do you "cash out"?
Brian201888 wrote: » And I assume I'm right in saying that if I'm not maxing my tax relief on pension contributions then looking at any other investment is daft?
Pac1Man wrote: » To those in the know, would you invest or throw a lump sum off the mortgage each year?
Shai wrote: » yes. Max out pension contributions first. They're tax-free.
dotsman wrote: » I can see where you are coming from, but it's nowhere near as black & white. Yes, everybody should have a healthy pension fund. But I wouldn't recommend maxing out contributions at the expense of other savings & investments. Pension funds are for when you retire. For many people (and it really depends on their current life stage) have other financial needs that they need to save for now, but need to cash in long before retirement, such as a deposit for a house, wedding, car, starting a business, rainy-day fund, general life savings. For example, a person will be typically better off in the long run saving to buy a house in 2 years rather than saving slowly (and putting the rest of their excess money into a pension fund) to buy a house in 6 years. That's 4 years of rent saved automatically, and likely buying the house at a lower price. That's far more beneficial than the tax-deduct-ability of the pension contributions that you may benefit when you retire (if you live to that age!)
Danger781 wrote: » I've seen numerous people mentioned DeGiro. Is the consensus that DeGiro is the best platform for investing in stocks / shares? Has anyone written a "DeGiro for noobs" guide on boards?
Danger781 wrote: » I just want to say thank you to everyone who contributed to this thread. It was an incredibly interesting read and opened my mind to many new possibilities that I honestly wasn't even aware were available to me. As for me my pension contributions are invested on my behalf via the management company. This thread has reminded me that I need to query whether I'm investing maximum contribution or not.. and how my investments are doing. I also have share options with the company I work for. Not much good to me until they go for IPO and I can actually sell the share options. That also assumes the purchase price outlined in the agreement would actually net me any profit. During my next review I intend on asking for more share options as well. Other than that I invested in crypto December 2017 and I'm currently down about €650 with no signs of it bouncing back. Some FOMO investments and bad decisions got me to this point. I've seen numerous people mentioned DeGiro. Is the consensus that DeGiro is the best platform for investing in stocks / shares? Has anyone written a "DeGiro for noobs" guide on boards?
Sugar Free wrote: » For the relatively passive, long-term investor it’s probably the easiest and cheapest to use. There’s more advice on using it in the Investments & Markets forum here.
Danger781 wrote: » I just want to say thank you to everyone who contributed to this thread. It was an incredibly interesting read and opened my mind to many new possibilities that I honestly wasn't even aware were available to me.
PhilOssophy wrote: » In my humble view, the order of priority in terms of investments is 1. Get debt free as quickly as possible. Overpay on mortgage - you'll do well to get the 3-4% guaranteed elsewhere. No point having money earning 1-2% on deposit and paying 3-4% on a mortgage. 2. Pension, pension, pension. It is the most tax efficient use of your money. 3. If you've more then, beyond that, then you look at investing. I'm definitely looking for a longer term strategy to take the rises and falls in the stock markets, and I'd only ever invest what I am willing to lose. I've a few bob now that I am wanting to see if I can make it work harder - but sure when you've to pay tax on any gain it debatable in its worth.
Lilyana Great Abalone wrote: » +1 on the Investments Forum. There is excellent, practical, honest, and straightforward advice there.
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