MidnightQueen wrote: » I'm new to investing. Lots of recommendations to use DeGiro as a platform. I'm looking to invest a small sum in American shares. Is DeGiro the best for that? I understand theres capital tax on that too for 30% if you eventually sell your shares. Help much appreciated.
beggars_bush wrote: » I'm looking for an investment product that is relatively safe for 2-3 years anyone got any suggestions? would a product that primarily invests in bonds issued by eurozone governments and bond-based financial instruments be a sound bet?
Bob24 wrote: » If you want bonds for a 3 years timeline, you could directly get Irish government bonds, with no management fee and no tax due on the interest: https://www.statesavings.ie/our-products/3-year-savings-bond Now just a word of warning: while you are right that government bonds are usually considered very safe, they are debt owed to you and with the coronavirus situation and the recession which is on the way governments seem to be spending like there is no tomorrow with no consideration for balancing budgets. If one day debt becomes unsustainable and at an election the winning candidate is the one saying “burn the creditors” - one of those creditors will be you.
dxhound2005 wrote: » If that happens, then we are all truly sunk. Anyway I think they are not the sort of bonds people are asking about. And they want some better return than €10,000 turning into €10,100 after three years.
Bob24 wrote: » And it is for another thread I guess, but IMO debt haircuts are a real possibility in the coming few years.
Jim2007 wrote: » Absolutely not on government bonds, corporate bonds is a different matter.
Bob24 wrote: » What do you have in mind in terms of what the OP was asking about? They mentioned they were looking at eurozone government bonds. At the moment even much more risky greek bonds won't offer much better yield than state savings products once you take the tax advantage into account, so if EZ gov bonds is what they are after I think state savings is a good place to start. The only way I ca thing of to get significantly better return with EZ gov bonds is by betting on were interest rates are going, and reselling the bonds with a profit at a latter stage (i.e. relying on capital appreciation rather than interests), but this becomes speculation and I don't believe this is what the OP is looking for. And if that was the idea, I don't think I would go for EZ bonds - I'd pick bonds for countries which still have somehow positive interested rates and for which there is more opportunity for rates to go lower. And it is for another thread I guess, but IMO debt haircuts are a real possibility in the coming few years.
Bob24 wrote: » Debt was already unsustainable for some governments before the virus situation, and the current spendings are massive what tax collection will drop massive, this will call for debt relief mechanisms. It don't have to be haircuts/defaults (although I still thing it will be on the table for some countries - Greece and Italy probably being at the top of the list), it could also be very negative real interest rated once inflation is taken into account (what at the end of the day is not dissimilar to a haircut as far as the impact on the purchasing power of bondholders is concerned).
Jim2007 wrote: » It will not happen to with government bonds because they would just be shooting themselves in the foot. Do a bit of actual research into bond ownership, institutions required to hold government bonds etc.... it would be a pointless exercise.
garbanzo wrote: » Interesting to note since the whole Covid-19 business started: 1. My personal equity portfolio of six shares is down 50% 2. My pension fund is down 20% I know the reasons behind this. Just interesting to see it in fact and thought to share my experience. I’ve about 10 years or so for these to hopefully recover so I’m not over-worried about it. Fingers crossed and all that... �� Cheers garbanzo
Mantis Toboggan wrote: » So I'm thinking of investing 5-10k in the stock market. Did this a little in the past and got slightly burned so this time I've done a good bit of research into a number of companies. Question is would I be better dividing this between stocks and ETF's? No very little about ETF's.
Mad_maxx wrote: » nestle = as safe a company as is out there , it wont treble in value but will allow you sleep at night soundly
Ciaran10014 wrote: » Hi, I am trying to sell shares on degiro and keep getting the message: "The maximum quantity of open orders allowed on this instrument is 0. Please delete some of your pending orders before placing an additional one on this instrument." does anyone know what I am doing wrong? I don't have any outstanding orders. The stock is National American University Holdings (NAUH). Thanks
Shedite27 wrote: » I can't find that stock on Degiro (basic package), did you buy it throguh degiro?
Bob24 wrote: » Good company for sure, but am I wrong in thinking the Swiss are very punitive for non-residents in terms of taxing dividends?
Ciaran10014 wrote: » This is it in my portfolio
Ciaran10014 wrote: » Yeah I bought it maybe about a year ago and haven't looked at my degiro account since.
Jim2007 wrote: » As per the double tax agreement - 15% withholding tax offset in the usual way... if non resident.
Bob24 wrote: » Not sure I fully get you. Switzerland has a 35% withholding tax on dividends right? So what we’re saying is that for and Irish tax resident 20% can be offset against Irish income and 15% are “lost” to the Swiss government?
Jim2007 wrote: » No the Swiss withhold tax rate is 15% for Irish residents. So the Swiss company will distribute 85% of the declared dividend. I don’t know if Irish law requires the broker to apply additional withholding taxes before the cash hits your account. I don’t believe the 15% is lost as you say. I expect you either get a credit for it against your taxation or it is treated as an investing expense. It should be no different from the dividends you receive from other foreign companies.
Bob24 wrote: » Are you absolutely positive about 15% withholding tax? I had done some googling a few weeks ago as I was considering Nestlé shares and all the sources I came across were mentioning 35%, for example: - https://www.pkf.com/media/10028480/switzerland-tax-guide-2016-17.pdf - "Dividends paid from Swiss capital companies to Swiss residents and non-residents are subject to 35% withholding tax" - https://www2.deloitte.com/content/dam/Deloitte/global/Documents/Tax/dttl-tax-switzerlandhighlights-2019.pdf - "Dividends paid to a nonresident are subject to a 35% withholding tax" - https://sigtax.com/en/dividend-tax-switzerland - "Dividends and interests are a subject of the withholding tax, at a rate of 35%"
Mantis Toboggan wrote: » Quick question that someone maybe able to help with. So I've a few CRH shares and got the dividend payments today. The dividend rate is 63 cent per share which I knew about but when I check it on yahoo finance it lists the rate at 83? Just slightly confused and wondering should I be trusting the info on yahoo?
Jim2007 wrote: » Article II, Section 2 of the Double Tax agreement:https://www.newsd.admin.ch/newsd/message/attachments/25548.pdf The best is to ask your broker how they apply it. (Seems a bit strange that no one else has chipped in... surely someone here, must own a Swiss MNC and got dividends?)
