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Beginning to Invest - All questions go here please

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Comments

  • Closed Accounts Posts: 3 marky1


    Hi Denise, I see you are interested in buying shares in BOI. You are coorect in thinking they were worth $16 each during the boom but have now all but collapsed. BOI are on the brink of going into full state control and investing in them would be incredibly risky. The markets are very volitile at the moment with shares prices bouncing up and down. Long term it may very well be a good investment but no one can predict the state of the market in the next month let alone over the long term.

    To buy share in BOI or any share on the Irish Stock Exchange you would normally have to go to a broker however they will have a minimum investment amount that is usually in the few thousand.

    Have you ever heard of spread betting? It basically allows you to bet on the price of a stock/share/bond/gilt etc for a small amount of money and depending what way you bet determines how much you win or lose. I would no recommend it unless you have done your research or are confident of your knowledge of the market.

    Regard tax I'm afraid under the current Irsh tax rules you would be liable to Capital Gains Tax or CGT. The current rate is 25% of the profit you make. Heres the good news, you are allowed 1,270 euro tax free on your profit. If you have a spouse then you can transfer a portion of your shares to them and they can also claim another 1,270 euro credit. For example, if you buy your shares for 300 and sell them for 3,000 then your gain is 2,700. You will be taxed at 25% which is 675. This is less then the 1,270 relief so your tax bill is zero.

    The spread betting is not currently subject to tax as it is exempt from tax.

    I know this is probably a lot of info but please do not get disheartened, there are some good investments out there its just a mateer of finding them.

    Best of luck


  • Registered Users Posts: 64 ✭✭DessieMG


    marky1 wrote: »
    Hi Denise, I see you are interested in buying shares in BOI. You are coorect in thinking they were worth $16 each during the boom but have now all but collapsed. BOI are on the brink of going into full state control and investing in them would be incredibly risky. The markets are very volitile at the moment with shares prices bouncing up and down. Long term it may very well be a good investment but no one can predict the state of the market in the next month let alone over the long term.

    To buy share in BOI or any share on the Irish Stock Exchange you would normally have to go to a broker however they will have a minimum investment amount that is usually in the few thousand.

    Have you ever heard of spread betting? It basically allows you to bet on the price of a stock/share/bond/gilt etc for a small amount of money and depending what way you bet determines how much you win or lose. I would no recommend it unless you have done your research or are confident of your knowledge of the market.

    Regard tax I'm afraid under the current Irsh tax rules you would be liable to Capital Gains Tax or CGT. The current rate is 25% of the profit you make. Heres the good news, you are allowed 1,270 euro tax free on your profit. If you have a spouse then you can transfer a portion of your shares to them and they can also claim another 1,270 euro credit. For example, if you buy your shares for 300 and sell them for 3,000 then your gain is 2,700. You will be taxed at 25% which is 675. This is less then the 1,270 relief so your tax bill is zero.

    The spread betting is not currently subject to tax as it is exempt from tax.

    I know this is probably a lot of info but please do not get disheartened, there are some good investments out there its just a mateer of finding them.

    Best of luck

    Thanks Marky1, so I could not just walk into a BOI branch and ask to buy shares to the value of 300e?


  • Closed Accounts Posts: 3 marky1


    I'm afraid not, you can ring customer service to confirm. You can have a look at the NTMA or NAMA websites, maybe you can find a a deal there. An Post bonds or a rabodirect savings account would probably be a better option. Oh, I think Permanent TSB offer 4% APR for online savings account with no fixed term. It won't make you a millionaire but its a decent return


  • Closed Accounts Posts: 31 danoc


    Hi,

    I would like to start buying shares in about a year. I want to start by buying about 500 euro worth of shares at a time. Is there a stockbroker or anywhere good for me to go in Dublin city centre to do this? I do not want to do it online.

    Thanks.


  • Registered Users Posts: 1,313 ✭✭✭AstonMartin


    Im looking for a site that is easy to navigate that gives me the percentage change in opening and closing prices for the ftse on each day for the previous 6 months.

    thanks.


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  • Registered Users Posts: 5 ronaldo2011


    You can get free charts and info on the FTSE100 index here
    http://uk.finance.yahoo.com/q?s=%5EFTSE


  • Registered Users Posts: 5 ronaldo2011


    Im looking for a site that is easy to navigate that gives me the percentage change in opening and closing prices for the ftse on each day for the previous 6 months.

    thanks.

    If you sign up to a free demo account with spreadbetting company, you get free charts of most of the major index and equities. You can also look at bloomberg.com for live prices.


  • Closed Accounts Posts: 519 ✭✭✭YumCha


    I want to buy a small amount (500 - 1000 euro) of shares for just one company in the UK.

    I don't plan on making any further trades or investments and I don't mind whether it's done online or offline - I just want to keep the fees down given the small amount.

    What would be the best way to go about it?


  • Registered Users Posts: 5 ronaldo2011


    YumCha wrote: »
    I want to buy a small amount (500 - 1000 euro) of shares for just one company in the UK.

    I don't plan on making any further trades or investments and I don't mind whether it's done online or offline - I just want to keep the fees down given the small amount.

    What would be the best way to go about it?

    You can buy shares on Iseq and LSE through the online broker sharewatch, they have the lowest fees of 0.3%.
    http://www.sharewatch.com/smalltrades.php
    In the USA stock markets, you can buy online through TD Ameritrade www.thinkorswim.com


  • Registered Users Posts: 74 ✭✭Isoaxe


    YumCha wrote: »
    I want to buy a small amount (500 - 1000 euro) of shares for just one company in the UK.

    I don't plan on making any further trades or investments and I don't mind whether it's done online or offline - I just want to keep the fees down given the small amount.

    What would be the best way to go about it?

    You are much better off buying in index (e.g. FTSE100) through an ETF if you want to make one purchase. That way you'll get diversification at no extra cost, i.e. your risks won't be concentrated in one company. Unless there's a specific reason you want to buy that company...


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  • Registered Users Posts: 12 whacky


    Buy gold & silver, always a good hedge against rollercoaster markets

    Take physical delivery of your metals


  • Registered Users Posts: 153 ✭✭Stoko


    I would like to buy shares in bwinparty and 888 Holdings
    What would be the most secure site to do it?


  • Registered Users Posts: 24 devianttrader


    The commission charges with Irish brokers is ridiculous. Take my advice please and follow these simple steps:

    Type this into your browser: www.tdameritrade.com
    On the top right of the page click: Open an Account.
    I can guide you every step of the way through the application if you want. Commission is 9.99/ trade! Stay away from Irish robbers.


  • Registered Users Posts: 2,621 ✭✭✭Jaafa


    Ok so I know next to nothing about investing but would like to learn (I'm only 18).

    Basically I'd like to get together a few hundred euro and invest in something which will have a decent return in a year. Initially I thought BOI or AIB but I'm not sure about them as talks of Greece defaulting keep re-merging. (IMO it will happen in the end).

    So does anyone have any advice and what is a good resource to read up on investment will I get some money together? Thanks.


  • Registered Users Posts: 24 devianttrader


    Pretty hard to get a return in stocks with a few hundred. Especially in a year. If I was you i'd do some research on a good old fashioned pension account. At 18; you don't need to be weighing yourself down with serious stuff like stock trading. If you open a pension it will help take a few years off the age you need to retire, although at your age; it would probably mature long before retirement time.


  • Registered Users Posts: 74 ✭✭Isoaxe


    You definitely need to do some reading first. Just don't dive in without a clue of what you're doing, you'll lose money without a doubt. A good starter book is Ben Grahams 'the intelligent investor', along with a few books about how modern financial markets operate, for example the 'economists guide to financial markets' (part of the economist's magazine's series of books).


  • Registered Users Posts: 2,621 ✭✭✭Jaafa


    Thanks for the replies folks and don't worry I have no intention of diving in without any research. Isoaxe thanks for the recommendations. Do you know of any online resources too?


  • Closed Accounts Posts: 1,136 ✭✭✭WooPeeA


    4,95 / transaction with Zecco


  • Registered Users Posts: 74 ✭✭Isoaxe


    Jaafa wrote: »
    Thanks for the replies folks and don't worry I have no intention of diving in without any research. Isoaxe thanks for the recommendations. Do you know of any online resources too?

    Well it depends on what you want the online resources for. Personally, I use books to accumulate all of my background knowledge. However, to keep up to date with current events, I use Bloomberg, Reuters and the Wall Street Journal (Note restricted access to the WSJ without a paid subscription). Finally, I have a subscription to The Economist, which provides excellent economic and financial analysis.

    If you want to build a trial portfolio without any money down, you should try a portfolio tracker/simulator. There are many available, a good one to try (for free) is on Google Finance. As deviant said, you would probably want more than a few hundred euros before buying individual stocks, the transaction fees will eat too much of your returns.


  • Closed Accounts Posts: 1 nowyeretalking


    I've just inherited €40,000 and I dont know what to do with it! I have a mortgage, would I be best of paying of a lump sum on this or investing it in something for a couple of years and then pay of an even bigger lump sum in a few years. Was thinkin of buying a apartment at todays great prices for around €60000, use rent to pay of loan of €20000 and then sell again at €60000 or even €80000 if im lucky!! Dont mind taking a bit of a risk! all suggestions appreciated


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  • Closed Accounts Posts: 3,591 ✭✭✭RATM


    Quick question lads- I remember a website a few posters here use to get info, kinda like a Boards for Investments. I got the link from a thread here but can't find it again. American or UK run website I think, and it might have had a annual membership of $20 or so. Has lots of tips and advice from genuine small investors, kinda like an online Warren Buffet :D

    Any ideas what it might be ? Promise I'll bookmark it this time :D


  • Registered Users Posts: 5 dfs


    http://www.simple.ie/wp-content/uploads/2011/10/Final-Wind-Brochure.pdf

    I have received this investment prospective has anyone heard of this company as is a great 3-5 year investment with great returns and tax back options on your initial investment

    dfs


  • Registered Users Posts: 4 Iberian


    Looking for investors for distribution business in Georgia needs 280 000 - 380 000,
    Turn over will be 4-8 M , profit is 3-4 %


  • Registered Users Posts: 298 ✭✭mr.mickels


    I've just inherited €40,000 and I dont know what to do with it! I have a mortgage, would I be best of paying of a lump sum on this or investing it in something for a couple of years and then pay of an even bigger lump sum in a few years. Was thinkin of buying a apartment at todays great prices for around €60000, use rent to pay of loan of €20000 and then sell again at €60000 or even €80000 if im lucky!! Dont mind taking a bit of a risk! all suggestions appreciated

    Gold increased 350% in last 10 years and many are tipping a sharp increase in gold prices in 6 - 12 months or so, got to be worth researching, and many are tipping silver prices to take off big time in the near future. The future of the Euro, Dollar and Pound is bleak to put it mildly, which is why metals are being promoted. Its also going to get alot more difficult to buy metals in the EU in the near future. Austria has already started putting limits on what their banks may sell, apparently the rest of EU will quietly follow this trend. Good luck with it whatever you do, personally if it was me I wouldn't be considering property in the country, todays "great" prices might look expensive next year or the year after, there is no reason to imagine prices won't stop falling.


  • Closed Accounts Posts: 51 ✭✭ReallyWiggy


    mr.mickels wrote: »
    Gold increased 350% in last 10 years and many are tipping a sharp increase in gold prices in 6 - 12 months or so, got to be worth researching, and many are tipping silver prices to take off big time in the near future. The future of the Euro, Dollar and Pound is bleak to put it mildly, which is why metals are being promoted. Its also going to get alot more difficult to buy metals in the EU in the near future. Austria has already started putting limits on what their banks may sell, apparently the rest of EU will quietly follow this trend. Good luck with it whatever you do, personally if it was me I wouldn't be considering property in the country, todays "great" prices might look expensive next year or the year after, there is no reason to imagine prices won't stop falling.

    How do you 'buy silver'? Its a serious question.....
    Do you physically buy and sotre the commodity yourself or does the term 'buy silver' refer to investing in the silver production industry or something else?


  • Registered Users Posts: 11 keys101


    Iv been looking at getting involved in the stock market for quite some time, for the past month Iv been reading/listening to all the info i can get. Most of the info is via audiobooks as i can listen to them in work, while they've been helpful and all, I feel that most of them are for people that have at least a little bit of knowledge in the stock markets i.e. most of them talk strategies about the stock markets. Whereas I'd like to be comfortable in the terminology and other aspects of it. I have absolutely no experience in the area and sometimes the books can delve into terminology that just loses me in a second.

    So can anybody recommend a book/website that would get me comfortable with the terminology/charts and everything else that comes with it. Basically I'd like to be able to watch the financial news and not be completely confused by it!

    Also i was wondering if it would be a good idea for me to be trying the free trial accounts at the minute and if so would anybody be able to recommend one?

    Cheers


  • Registered Users Posts: 1,449 ✭✭✭livEwirE


    Although I'm no expert at all and am only learning myself, I found the book "Trading For Dummies" very useful, it breaks down all of the terminology in a clear and concise form.

    http://www.howthemarketworks.com/ is a great site for virtual trading! You can register and buy and sell stock without the risk:D


  • Registered Users Posts: 1,449 ✭✭✭livEwirE


    I am interested in setting up a trading account with one of the US sites like zecco.com or tdameritrade.com. Can someone please let me know of any good websites where I can get good solid information on which companies to invest in?


  • Closed Accounts Posts: 14 Bovriladdict


    How do you 'buy silver'? Its a serious question.....
    Do you physically buy and sotre the commodity yourself or does the term 'buy silver' refer to investing in the silver production industry or something else?

    ReallyWiggy, there is a number of ways to benefit from gains in the value of silver. You could physically buy it which is not a great idea or you could buy it on paper from a specialist trader and hold the paper cert or you could buy an ETF based on the price of silver or you could buy a futures contract based on the price of silver or you could buy silver on an online spreadtrading platform. Lots of ways but be aware of the downside risk.


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  • Closed Accounts Posts: 14 Bovriladdict


    keys101 wrote: »
    Iv been looking at getting involved in the stock market for quite some time, for the past month Iv been reading/listening to all the info i can get. Most of the info is via audiobooks as i can listen to them in work, while they've been helpful and all, I feel that most of them are for people that have at least a little bit of knowledge in the stock markets i.e. most of them talk strategies about the stock markets. Whereas I'd like to be comfortable in the terminology and other aspects of it. I have absolutely no experience in the area and sometimes the books can delve into terminology that just loses me in a second.

    So can anybody recommend a book/website that would get me comfortable with the terminology/charts and everything else that comes with it. Basically I'd like to be able to watch the financial news and not be completely confused by it!

    Also i was wondering if it would be a good idea for me to be trying the free trial accounts at the minute and if so would anybody be able to recommend one?

    Cheers

    What tends to happen is that people get overloaded with information sources and it all gets very confusing and difficult to see the way forward. The way to start is to start with a demo account and practice implementing your trading rules from the trading plan that you should write down beforehand. Ignore all the outside static/info like revoluton in the Gulf etc and focus on how the price is trending. So remember, the trend is your friend, buy low and sell high, cut your losses and let your profits run...it all sounds very obvious but takes disipline to implement these rules consistently. Maybe let me know if you need help. Happy to give you any advice I can from 20 years in the game.


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