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How to buy S&P 100 Index ETF through Goodbody online

  • 31-07-2011 08:06PM
    #1
    Dardania
    Registered Users, Registered Users 2 Posts: 3,397 ✭✭✭


    Hi,

    As the thread subject says, I'm trying to buy the S&P 100 Index ETF (http://www.google.ie/finance?q=NYSE:OEF) through Goodbody, but can't seem to find it - I can find the 500 no problem.

    Has anyone done this - and how? It seems to have dropped a bit because of the American default crisis, and want to take a punt!

    Thanks,

    D


Comments

  • #2
    Toots
    Administrators, Business & Finance Moderators, Society & Culture Moderators, Paid Member Posts: 17,005 Admin ✭✭✭✭✭Toots


    Moved to Investments & Markets


  • #3
    soddy1979
    Registered Users, Registered Users 2 Posts: 284 ✭✭soddy1979


    Seriously, shop around.


  • #4
    irishguy
    Registered Users, Registered Users 2 Posts: 3,314 ✭✭✭irishguy


    Dardania wrote: »
    Hi,

    As the thread subject says, I'm trying to buy the S&P 100 Index ETF (http://www.google.ie/finance?q=NYSE:OEF) through Goodbody, but can't seem to find it - I can find the 500 no problem.

    Has anyone done this - and how? It seems to have dropped a bit because of the American default crisis, and want to take a punt!

    Thanks,

    D
    Contact Goodbody's


  • #5
    Dardania
    Registered Users, Registered Users 2 Posts: 3,397 ✭✭✭Dardania


    Thanks for that - I've an email out to Goodbody but am worried they're on holidays. Will try calling.

    soddy1979 when you say shop around, do you mean a different broker, or a different ETF?


  • #6
    irishguy
    Registered Users, Registered Users 2 Posts: 3,314 ✭✭✭irishguy


    Dardania wrote: »
    Thanks for that - I've an email out to Goodbody but am worried they're on holidays. Will try calling.

    soddy1979 when you say shop around, do you mean a different broker, or a different ETF?

    They are on holidays. Its a bank holiday, ring AIB phone banking not sure if they still deal with this since it was sold.


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  • #7
    soddy1979
    Registered Users, Registered Users 2 Posts: 284 ✭✭soddy1979


    Dardania wrote: »

    soddy1979 when you say shop around, do you mean a different broker, or a different ETF?

    Just make sure your fees aren't too high. You can buy S&P 500 ETF's for $5 with some brokers. Don't let any prospective returns be swallowed by fees. The Irish brokers have notoriously high fee schedules.


  • #8
    Dardania
    Registered Users, Registered Users 2 Posts: 3,397 ✭✭✭Dardania


    Thanks for that. To be honest, I never bought them - Goodbody, despite the attempts by the person manning the fort on the bank holiday yesterday, only got back to me this morning, to say that the S&P 100 ETF is an Over The Counter product, that I would need to buy through a telephone account.

    I'm kinda glad I didn't, in retrospect....

    What other brokers do you use? I went with Goodbody because it was easy to open at the time, and I figured I wouldn't be making too many trades (max 2 or 3 per year)

    Edit: Just found this thread - will investigate: http://www.boards.ie/vbulletin/showthread.php?t=2056321429


  • #9
    Dardania
    Registered Users, Registered Users 2 Posts: 3,397 ✭✭✭Dardania


    I emailed Goodbody to enquire as to what ETFs I could buy through them, and they replied that a definitive list is not available, as they are constantly adding & removing from the list. They mentioned that I can either check with them, or try typing the stock name into the on-line buy page to check if it's available for me...a bit cumbersome, especially that you can't free search...

    I think I'm going to look into alternate brokers, but from laziness of going through the hassle of establishing another account, here is my list so far should anyone be interested:

    S&P 500 (http://finance.yahoo.com/q?s=^GSPC)
    iShares S&P 500 (http://finance.yahoo.com/q?s=IVV&ql=0)

    EURO STOXX 50 (http://finance.yahoo.com/q?s=^STOXX50E)
    Lyxor DJ EURO STOXX 50 A (http://finance.yahoo.com/q?s=MSEP.PA&ql=1)

    DAX (http://finance.yahoo.com/q?s=^GDAXI)
    None yet, but I will probably email them to find out...


  • #10
    Dardania
    Registered Users, Registered Users 2 Posts: 3,397 ✭✭✭Dardania


    I have been over & back with Goodbody, and they are making ETFs for the above available for their online customers using euro based stocks.

    The S&P 500 ETF that is now available is: http://finance.yahoo.com/q?s=IUSA.MI&ql=0


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