AlmightyCushion wrote: » Dividend withholding tax for Irish companies is 25%. It could be that.
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?)
Bob24 wrote: » To complicate the matter more my broker is neither based is Ireland nor in Switzerland so I’m not sure they’ll be to interested in discussing Irish-Swiss tax treaties, but I’ll drop them a message and see what they say! (Although I fear they will give a vague answer so that they don’t commit to anything ...)
Bob24 wrote: » So the broker came back and said that since they are not located in Ireland or Switzerland, they are not able to apply the reduced withholding tax rate from the tax treaty.
bfa1509 wrote: » Has Degiro been more glitchy than usual for anyone else? I'm finding it slow to refresh figures and graphs and the daily loss/gain (while a useless figure anyway) has been all over the place. I wish they would stop messing around with things at such a crucial time. I thought they were overwhelmed with traffic as it is?!
1123heavy wrote: » I see on the shares to look out for thread people talking about a range around 2500, what exactly is this range and what significance does it have on buying a particular company's stock?
Shedite27 wrote: » It's the S&P index, probably the most common index to use to see if the market is up or down. It's basically a combination of all the 500 most common stocks (there's a compelx algorith to calculate it). You'll hear a lot of commentators talk about it. The record in Feb was almost 3400, it dropped to 2300 in a week or so, and has slowly been climbing back to about 2800. Every commentator/analyst would have an idea of where it should be at currently.
1123heavy wrote: » Thanks. Is it something I should really be looking at before buying stock? Is it possible to focus on things at a company/sector level without this added complexity? I've been looking at lots of videos of the do's and don'ts of stock buying but haven't come across this till now
Shedite27 wrote: » I think if there's a stock you like, there's no wrong time to buy.
tamova wrote: » Hi folks. I'm new to the world of investing (or saving really!) and I'm trying to figure out how to invest. For context, I'm 24 and I'm currently enrolled in my company's pension plan (with max contribution, which they double) and I have also enrolled in the ESPP as I get 10% discount on a really stable growth stock. The ESPP has been going pretty good and I seen a 25% return on my first purchase of stocks (which I'm guessing is definitely timing related). I also put 1500$ in to a stock on Revolut trading and I've seen a 3.5% return on that in three days. I think I'm doing fairly decent but I'm really just taking shots in the dark. I'm trying to get in to videos on youtube but it's all very US-centric. The Irish tax aspect also has me a little baffled. Could anyone provide me with some tips on books or youtube channels etc to get me started? Thanks a million.
Shedite27 wrote: » There's far more people invested in the US stock market than Irish, cheaper fees and more companies to choose from. I always advise people to download the MyWallSt Learn App and go through their lessons for a good introduction course. The basic version of Irish tax is: 1. Any dividends you get paid, treat them as income, declare them on Revenue online and they'll tell ya how much ya owe based on your circumstances (20% or 40%. 2. When you sell shares, it counts as a gain/loss. Add up your gains/losses at the end of the year and pay 33% on that. March/April has been record setting for the US Tech/Communications stock so 3.5% in 3 days is all over the place at the moment, won't last forever I'm afraid, but take it while it's going
tamova wrote: » Thank you for this advice! Question, with the tax exemption of capital gains up to 1270 - can I hold on to these shares and just file there loss/gain every year (basically meaning I'd be exempt as I doubt I'll be earning more than 1k a year in gains)? If I did this and sold them ten years down the line, I wouldn't have a lump sum capital gains payment would I?
Shedite27 wrote: » Sorry, not sure why I skipped that bit, should be:2. When you sell shares, it counts as a gain/loss. Add up your gains/losses at the end of the year, keep the first 1270 tax free, and pay 33% on the balance. No, you only count the gain/loss in the year you sell them. It's annoying for those that want to hold long term, If you buy now, grow 1k each year for 10 years, then sell in year 10, you pay no tax for the first 10 years, then in year 10 you would have a gain of 10k, subtract the tax free allowance for that year (1270), so you'd owe tax on 8730. Pay 33% on that (2880), so you'd keep about 7300 of the 10k gain. On the flip side, means you don't need to make a CGT return every year.
tamova wrote: » Really helpful thank you. Would it be possible for me to sell my shares annually to avail of the tax exemption, then take this money and put it straight back in to shares?
Mantis Toboggan wrote: » Do most solely invest in shares or diversify into bonds, etfs crypto, commodities? What's a good portfolio?
pocketdooz wrote: » Do you really get 7-8% in the credit union? I dont think so. .
Steer55 wrote: » Most credit unions are paying Zilch, Zero, Nought :-(. In fact some have even set limits on how much you can save with them now.
Bob24 wrote: » Very much depends on your particular investment target and timeframe, as well as your own convictions and how involved you want to be with following your investments. The advice you will often hear is that for a medium term “lazy” investment strategy, you can go 60% on a MSCI world (or S&P500) stocks ETF, 40% on bonds, and rebalance regularity. But this is rather far from what I am personally doing. It is a good idea to think of what you are trying to achieve and then understand what the appropriate options are.
Blisterman wrote: » Am I right, that generally from a tax efficiency perspective, you want the majority of your gains to come through increase in the share price rather than dividends, as you pay income tax, USC and PRSI, whereas you can get the first €1,270 capital gains tax free, and the remainder at 33%? Assuming I am willing to tolerate the risk, am I best off focusing on selecting a diversified portfolio of non dividend paying shares? Also, given the stamp duty on Irish and UK shares, should I be primarily looking at other stock markets, such as the NYSE?
Mantis Toboggan wrote: » If luckin coffee are de listed will the shareholders be reimbursed?
