kevcos wrote: » General question. I would like to invest a moderate amount of money, say 2k-5k, in large cap mining companies and some other well known companies. This will be a medium term investment, no trading. would Internaxx and Degiro be most suitable for this? Maybe neither would!
Shedite27 wrote: » Degiro would do that anyway. Internaxx costs $15 per trade versus about 50c for Degiro
gamera81 wrote: » Tax saving – Annual Tax Exemption Individuals can make a Gain of €1,270 free of Capital Gains Tax in each tax year. By holding the shares in joint names, spouses can generate Gains of €2,540 tax free each year. Does someone know how does the joint shares work? I'm registered myself on Degiro but I didn't think to do joint account like mortgage with my wife. But now after I read that I can get €2,540 tax free from shares I am digging for more information but can't find any. My question is for anyone that may have had the same problem. Do I have to contact Degiro and ask them to change my account from single to joint account or just revenue?
ozil10 wrote: » To take advantage of the 1270 euro free of capital gains tax What woukd be a safe utilities type company that pays a decent dividend Thanks
gamera81 wrote: » I am going to put 10k for two ETFs next week.
gamera81 wrote: » Tax saving – Annual Tax Exemption Individuals can make a Gain of €1,270 free of Capital Gains Tax in each tax year. By holding the shares in joint names, spouses can generate Gains of €2,540 tax free each year.
tamova wrote: » Do you have a source for this? I want to believe!!
gamera81 wrote: » Lads. I am reading about Degiro and I came across some information about the Netherlands Government who can protect my assets up to 20k euro. I was thinking to start investing three times a year with ETFs for maybe 10 years or more. Now I am not sure anymore. I started looking for funds like Zurich or Irish Life but annual fees are much higher. What is your opinion? Where will my assets be 100% guaranteed in your opinion. In 5 years time I will have more than Degiro can protect me with. Any advice welcome with Funds and fees. Hard to find how much those Funds charge per year. When I see Ishares ETF charging 0.07 or 0.20 is hard to give money to Irish Life or Zurich if I see Zurich investing in ETF's anyway.
tamova wrote: » Hi folks. Looking for peoples opinions on holding cash vs investing right now. I see a lot of people saying they're holding all their cash waiting for another "big dip", but I'm interested in peoples opinions on this approach. Since May, I've been putting the vast majority of my income in to investments as I receive it (i.e. pay day or a few days later depending on market), as I don't have any significant expenses at the moment and I'm saving a lot. I keep some cash tucked away in case I ever need it urgently, but this isn't to invest, it's just to fall back on.
Saudades wrote: » I If I choose to invest in the stock market, (it's still an if) I will probably spread the risk around various low cost online brokers; so Degiro and Trading 212 primarily.
Bob24 wrote: » What risk are you referring to? As far as I know, once you own a share it is your registered property and thus it can’t be used to bail in a broker of this type of thing (as opposed to bank deposits whereby the depositor is a creditor of the bank). Am I missing another risk?
13.7. Your Investments will be registered in the same name as those of other clients (pooled together with other clients’ Investments in an omnibus co-mingled custody account, like with like). This means that Investments will not necessarily be immediately identifiable by way of separate certificates. If we or our third-party nominee were to become insolvent there may be delays in identifying individual assets, and possibly an increased risk of loss if there should be a shortfall because additional time will be needed to identify the assets held for specific clients. In addition, in the event of an unreconciled shortfall caused by the default of a custodian, you may share proportionately in that shortfall.
A Custody profile is different from a Basic profile in that the securities are held separately from the lending pool of DEGIRO clients’ securities and are thus unable to be loaned to third parties.
Saudades wrote: » I may have misunderstood the risks, but it seems with T212 the share isn't registered in your own name; it just goes into a nominee account pooled with other people (as opposed to perhaps Davy who would issue your own certificate on nice paper with your own name printed on it).
Saudades wrote: » And with Degiro, (well the basic account at least), your securities are prone to being loaned to third-parties, which I assume again means that the shares aren't actually your registered property.
Jim2007 wrote: » There is not such thing as a bail in of stockbroker. It is just a standard liquidation in accordance with the law. Unless you specifically ask a broker to have the shares registered in your name and you receive a share certificate issue by the company secretary or their agent, you are not the registered owner of the shares, but that is not the issue either. The critical issue if a broker goes under is that your holdings are clearly identifiable in the books of the broker. If they are, then the liquidator has no choice but to hand them over. It not then the liquidator's duty is to dispose of them and use the money in the service of all creditors, not just you. I expect a pooled account does not meet those requirements. We had that situation with Lehmans, where a certain individual was in the process of trying to buy a controlling interest in a certain mainland European bank with the balloon went up. Last I heard his still trying to establish his interest the position and recover his money.... it was a very expensive lesson.
Shedite27 wrote: » As for this idea of "a share with your name on it", again, do you think when you put your money in a bank, they put your name on a €20 note? You buy your share, with Degiro, Revolut or others, you can do what you want with it, sell it, attend AGm's (tho this costs €100 with DEgiro), get to veto mergers etc.
Shedite27 wrote: » There's no such thing as a physical share certificate anymore, gone with the dodo. That's a notion from the pre-technology days when it was needed to keep records. It's all emails and databases now. As for this idea of "a share with your name on it", again, do you think when you put your money in a bank, they put your name on a €20 note? You buy your share, with Degiro, Revolut or others, you can do what you want with it, sell it, attend AGm's (tho this costs €100 with DEgiro), get to veto mergers etc.
NickSantigo wrote: » Thanks for that post. Just wondering, I am with Degiro and have my shares in a Custody account. Am I right in saying that because my shares are held separately from the lending pool of Degiro's clients my shares are clearly identifiable in the books of Degiro? or Do I need to request to have my shares put into my name?
Jim2007 wrote: » Of course there, companies hire staff or outsource a service to manage this function. They don't do this for fun. And if you are involved in anything beyond buying a couple of shares of an online broker, you will see physical share certificates. Especially as in the case I mentioned, because it is the only way you can be sure that the players have the controlling interest.
irishlad. wrote: » When I go to pay captial gains tax on myaccount, I click into 'Make a Payment' and then 'Tax'. I don't see an option to pay CGT, should there be one?
