Beginning to Invest - All questions go here please

elhorse · 19-04-2012 09:28PM

Following today's events, would it be advisable to invest in Independent News & Media? I'm completely new to this, but would I be right in saying that the share price can't go much lower, and that the removal/resignation of G O'Reilly may restore a bit of confidence in the company?

Morleystreet · 02-07-2012 01:15PM

I had an account with davy stockbrokers a few years back and bought shares on 2 occasions. However I'm wondering does anyone have any info on how you go about buying oil (a commodity as opposed to a share in a company ??). I don't want to buy shares in an oil related company, just want to buy oil as a commodity, hold a few yrs and then sell. So anyone know

How do you go about buying it
As it appears to be quoted in dollars, would there be currency exchange costs in buying it and later selling it.
Also are you taking on currency exchange risk. So if oil goes up but the euro/dollar goes the wrong way could you lose.
Is there any smart way around currency exchange costs and risk.

Apologies if that sounds like silly questions but new to this.

richardbradley · 30-09-2012 03:51PM

Having moved to Ireland this seems harder than it was in uk with money supermarkets etc.

I have a few grand that I want to put into investment funds and I'm trying to find the cheapest/easiest way to do it. I've read through this forum and googled but all I can find is:

Rabodirect: 0.75 charge on buy and sell and limited funds available
Davy - want to charge me a quarterly fee for the privilege?

Has anybody any advice on the easiest way to buy into investment funds now I live in Ireland

Thanks

cmas · 04-10-2012 08:58PM

My 2.5year old has been left €10,000 by a relative so I want to invest it for his future education.
Is a national security bond the best way to go?
Also save €50 per month for each of our 2 children into a credit union account. Is there somewhere better (ie. more profitable) to put that?

TIA

dfs · 06-10-2012 07:19PM

I have a lump sum investment in Irish forestry ! Return over 12 years is 7%ish per annum tax free,

looking at a Dublin based company called simple.ie to invest a lump sum with they deal mainly with start up energy companies with huge potential and employment benefits in the Irish market, you get 42% tax relief on your investment and around 10% tax free per annum return after 3-5 years.

Has anyone dealings with this company as have not heard of it before, would be an investment not to be turned down at such returns?

Cute Hoor · 07-10-2012 11:02PM

dfs wrote: »

I have a lump sum investment in Irish forestry ! Return over 12 years is 7%ish per annum tax free,

looking at a Dublin based company called simple.ie to invest a lump sum with they deal mainly with start up energy companies with huge potential and employment benefits in the Irish market, you get 42% tax relief on your investment and around 10% tax free per annum return after 3-5 years.

Has anyone dealings with this company as have not heard of it before, would be an investment not to be turned down at such returns?

From what I can see this is an EIIS scheme (the successor to BES), the reason that Revenue are allowing full tax relief on these start-up businesses is because of the significantly high risks involved. I'd be cautious about any scheme that promises 10/17% per annum returns, if it looks too good to be true.....

I also notice that the website doesn't appear to be updated since last year - 'Reduce your taxes in 2011'.

samsamson · 21-11-2012 10:04PM

Hi guys,

I have 10k which I plan to invest "passively" with KeyTrade Bank Luxembourg. I'm investing this for the next 30 - 40 years, and will be adding to the investment as I go.

I'm going to invest the money in an index tracker - maybe the Stoxx Europe 600, so that I don't lose out on currency exchanges, even though the FTSE 100 would probably have been my first choice.

I'm unsure of what the tax situation is with investing via a bank in Luxembourg however. For example, will I still need to take the money out every 8 years (keeping in mind I would rather not touch it for 40 years) to pay tax on it and then reinvest it again?

I'm a bit confused regarding the whole tax situation, and any advice from somebody who has been there and done that would be very much appreciated.

Thanks for taking the time to read this!

Sam

somefeen · 02-05-2013 01:41AM

Hi Guys
I am think of beginning to invest money in commodities.
I am slowly learning a bit more about investing and I think commodities would suit me as I seem to have an eye for when prices will change. (I reckon I predicted the gold crash:p )
I want tp start out with small money. Is there an online commodities broker which doesn't require a minimum capital investment?
Thanks

aidanki · 05-05-2013 04:44PM

somefeen wrote: »

Hi Guys
I am think of beginning to invest money in commodities.
I am slowly learning a bit more about investing and I think commodities would suit me as I seem to have an eye for when prices will change. (I reckon I predicted the gold crash:p )
I want tp start out with small money. Is there an online commodities broker which doesn't require a minimum capital investment?
Thanks

Very interested in commodities too, but not sure where to buy, anyone got any recommendations

Something like the jim rogers index is what I want to buy

BloodBath · 06-05-2013 09:11AM

Plus500 is a easy way of trading.

You can trade with virtual currency as well to see how you get on before you try with real money.

They also give you €25 free, no deposit required directly to your account and additional bonus money for deposits. I think it's €150 bonus for a €500 deposit.

I'm new to this myself but I wanted to invest in amd shares. Up 35% since I did. I think this is just the beginning though.

I'm expecting at least $10 a share by this time next year. There's potential for even higher returns.

This is a long for sure.

Sonnenblumen · 26-05-2013 08:01PM

cmas wrote: »

My 2.5year old has been left €10,000 by a relative so I want to invest it for his future education.
Is a national security bond the best way to go?
Also save €50 per month for each of our 2 children into a credit union account. Is there somewhere better (ie. more profitable) to put that?

TIA

The CU is probably the worse place to save if you want guaranteed interest. Switch immediately to National Savings/Instalments at your localk Post Office. Most accounts (5+ years) are paying best rates and most not all are tax free, which means a hands down win everytime for safe and secure savers.

BTW not all CUs are viable, don't be fooled by the ads. IMO CUs are for borrowers not savers, ignore the hype.

Alderwould · 27-05-2013 07:53PM

OK folks

I intend to put €200 a month into a regular instalment, investment product.

Charges seem very similar among the providers with a 1.5% Mgt fee and a 5-ish% commission/policy fee.

all that is, except Rabodirect who don't charge the 5ish% policy/commission fee.

There is a 1.5% entry/exit fee plus the different Mgt fees for each fund (from .5% to 2%).

So roughly half the percentage fees over Zurich, Standardlife, canadalife etc.

Am I missing something about Rabo..?

beefstew · 30-06-2013 01:16AM

Hi guys,

I have been abroad working for the last few years, saving money and sending it home. My savings have become fairly substantial by now and it annoys me that I have all this money sitting in the bank doing nothing whereas I feel there must be a way of making my money work for me.

I could potentially invest 50,000 but obviously I'm not going to be foolish and would perhaps invest small amounts, but I am open to all suggestions. Now I'm 27 and have no intention of settling down in the near future anyway, so I won't need the money right now, but would love to hear any suggestions on what to do.

Would I be a fool to buy a house and rent it out with all the prices so low right now, I grew up near a university and was thinking of renting to students but I know that could be more hassle than it's worth. I also see gold has dropped a good bit but I (in my ignorance) can't see it rising again like it did the last few years. I wouldn't mind investing in stocks but am completely clueless on them and wouldn't know where to start.

Perhaps if no one can help me here, someone could point me in the direction of a professional that could help me.

Thanks in advance, look forward to reading your replies.

mr_fruitbowl · 30-06-2013 11:55PM

Hi guys,

I'm currently looking to invest but I know absolutely nothing about this area.

I have a few K and I'm looking to set something up which would generate a return in 5 years.

I have a few TSB accounts and from browsing the site got pointed to Irish Life. Looking at the Irish Life website it seems they are more than willing to met with me to discuss options.

Should I just get in contact with someone from Irish Life or should I look elsewhere? Where should I start?

Just found out about managed funds from Rabo, is this worth while compared to most other investments?

cooperj · 03-07-2013 01:33PM

I am newbie in the market...

Pennystockwhiz · 23-08-2013 02:59AM

Stay away from Plus 500 I've seen alot of negatives reviews from people not being able to withdraw their money. If you google Plus 500 reviews you will find fake positive reviews from websites trying to make affiliate commissions from you. I reckon their demo account is rigged so that you will make money and then you might open up a real account.

apples22 · 08-10-2013 01:46PM

I have a question I'd like to ask regarding starting investing.

I am currently registered as a sole trader, self-employed. I am not registered for VAT (under the threshold). I don't earn a huge amount, don't have an accountant and my yearly returns generally just consist of a few expenses and declaring my income. Sometime in the next few months I will likely move to a full time, PAYE position.

I am opening an account with key trade, and as a complete newbie I am looking to just make a small investment and see how it goes from there.

That's my general situation.

My question is, say I invest whatever amount into whatever stock. That involves transferring money from my Irish bank account, to key trade. I'd imagine at this point, I don't have to declare anything (that money is neither a loss, expense, gain). Then let's say one year later I sell that stock, and made 10% (for this example let's just say I invested €1000, and sold for €1100).

Is it only at this point, when I have sold that I have to declare that €100? Is it just declared as part of my income, or is their some sort of separate forms to declare money made through investments? Thanks for your time, probably a slightly awkward question. Everything I've done has always been declared, and it's the difficulty in finding information on how to do it is what's holding me back currently!

gordongekko · 08-10-2013 03:12PM

apples22 wrote: »

I have a question I'd like to ask regarding starting investing.

I am currently registered as a sole trader, self-employed. I am not registered for VAT (under the threshold). I don't earn a huge amount, don't have an accountant and my yearly returns generally just consist of a few expenses and declaring my income. Sometime in the next few months I will likely move to a full time, PAYE position.

I am opening an account with key trade, and as a complete newbie I am looking to just make a small investment and see how it goes from there.

That's my general situation.

My question is, say I invest whatever amount into whatever stock. That involves transferring money from my Irish bank account, to key trade. I'd imagine at this point, I don't have to declare anything (that money is neither a loss, expense, gain). Then let's say one year later I sell that stock, and made 10% (for this example let's just say I invested €1000, and sold for €1100).

Is it only at this point, when I have sold that I have to declare that €100? Is it just declared as part of my income, or is their some sort of separate forms to declare money made through investments? Thanks for your time, probably a slightly awkward question. Everything I've done has always been declared, and it's the difficulty in finding information on how to do it is what's holding me back currently!

you have a capital gains allowance of €1200 so your tax liability will be zero but still declare it anyways.

apples22 · 08-10-2013 05:15PM

gordongekko wrote: »

you have a capital gains allowance of €1200 so your tax liability will be zero but still declare it anyways.

Okay, So I can earn €1200 in investments per year without tax?

And after that €1200, when it's on my Form 12 assessment I would be invoked to pay tax?

gaiscioch · 27-04-2014 03:52PM

Could somebody explain the 'Share Performance' section from the RTÉ website?(news/business/markets/iseq/ section) [I can't post a link on this thread]

I'm specifically curious about the 'Volume' column: under 'Bank Of Ireland' it has the massive number of 133,320,360(AIB has 628,240). I surmise that this does not mean that number of Bank of Ireland shares were traded on Friday. What does it mean?

lucky john · 27-04-2014 05:38PM

gaiscioch wrote: »

Could somebody explain the 'Share Performance' section from the RTÉ website?(news/business/markets/iseq/ section) [I can't post a link on this thread]

I'm specifically curious about the 'Volume' column: under 'Bank Of Ireland' it has the massive number of 133,320,360(AIB has 628,240). I surmise that this does not mean that number of Bank of Ireland shares were traded on Friday. What does it mean?

Boi have 32 billion odd shares in issue so 133m is not such a big % to be traded. The agm was on Friday as well so more than average were traded that day. If you click on the bank of ireland name beside volume you can see the individual trades (red sell, green buy) and other info as well.

Aib have billions of shares as well but our government own 99+% of them so they are not available for daily trading. 500m is available so that's why only 628,000 changed hands. That's a good % of available shares and goes some way to explaining their ridicules price.

Q apprendo · 07-05-2014 11:15PM

Hey,

I'm looking to get started with investing and I was wondering if anyone would be able to give me some advice:
My goal is investing for the long term, I know I won't be able to hit it rich by trading regularly, so I figured buying and holding would be my best option to hopefully get better returns than a deposit bank account.

What I'm interested in most would be buying index funds or index/stock ETFs - so I most likely will be buying regularly (once a month, probably) and then holding and reinvesting.

My main question is whether or not I would be better off setting up an online broker account or going through someone else. Looking around, something like investandsave.ie or ferga.com would fall into the latter category. Or should I just set up an account with davy/td/saxo and just manage things myself? From what I can gather, td seems like my best option with frequent purchases, but I could be wrong

Any pointers?

Thanks

Evergreen · 09-05-2014 10:30AM

Q apprendo wrote: »

Hey,

I'm looking to get started with investing and I was wondering if anyone would be able to give me some advice:
My goal is investing for the long term, I know I won't be able to hit it rich by trading regularly, so I figured buying and holding would be my best option to hopefully get better returns than a deposit bank account.

What I'm interested in most would be buying index funds or index/stock ETFs - so I most likely will be buying regularly (once a month, probably) and then holding and reinvesting.

My main question is whether or not I would be better off setting up an online broker account or going through someone else. Looking around, something like investandsave.ie or ferga.com would fall into the latter category. Or should I just set up an account with davy/td/saxo and just manage things myself? From what I can gather, td seems like my best option with frequent purchases, but I could be wrong

Any pointers?

Thanks

I've recently setup an account with Saxo and am very happy so far. Trades cost very little, providing you don't buy Irish stocks.

I checked out TD and there were quite a few complaints regarding website issues. In addition, TD white label some services from Saxo Bank

Davey are just too expensive compared to other web based platforms

igiveup2 · 10-05-2014 11:14AM

What are the tax implications of buying shares abroad through Saxo Bank? Are dividends and capital gains double taxed?

Q apprendo · 12-05-2014 08:36PM

igiveup2 wrote: »

What are the tax implications of buying shares abroad through Saxo Bank? Are dividends and capital gains double taxed?

I'm also interested in hearing the answer to this.

It seems like it's a toss up between Saxo and TD right now, but I'm leaning more towards Saxo - if anyone could shed some more light on it?

Das Reich · 02-08-2014 09:41PM

How are dividends of shares payed? Every month?

py · 30-12-2017 12:16PM

Given the thread has not seen some action in a few years, I'm looking to find out where would be the best place to setup an account for trading shares and investing in indexes? Thanks in advance.

I can't see a sign up on Sharewatch's website, are they still taking on customers? Do I have to call them?

topper_harley2 · 31-12-2017 12:29AM

Degiro.ie is current online broker of choice for lowest fees. Search this forum as they are discussed alot and most likely any setup questions you may encounter have already been answered.
No idea re: sharewatch

ZeroThreat · 31-12-2017 12:46AM

displaced dub wrote: »

hi iMax

I currently have my kids money paid into Anglo at 3.75%, my 2.5year old is making nice money and the newborns is now being paid into this account also.

If you are thinking of buying shares with this, think long and hard about it.
You could buy some ETFs in various exchanges also.

wow, I see this is a resurrected thread, but I hope this poster took his money out before Seanie went postal....

kokiyou · 05-01-2018 12:14PM

Few random generic questions for you folks:

1. (I'm aware of the KID/PRIIP issue) When investing in US domiciled funds, how exactly does offsetting CG losses v gains work? Can you offset a loss on one US ETF fund with the gain on another ETF fund? If not, and it is restricted to a single US ETF fund is it best to then invest monthly and for that tax year, if you have some losses on your monthly investments you can sell them that tax year to avail of the losses?

2. From what I see CGT is not applicable on your own home (principle residence). When applying CGT to second / investment homes of 33%, does this take into account inflation? E.g. you sell your investment home after 20 years of 1% inflation each year. Your property didn't increase in value just matching inflation but you would have to pay 33% of the 20% increase?

3. Has anyone got information for the cost effectiveness of investing in a pension vs investing using DeGiro + free EFTs for example? I have yet to see any detailed calculations or guides comparing these..

Beginning to Invest - All questions go here please

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