Bitcoin, Crypto and Stocks |
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Zinedine Kilbane 110
Jack Charlton Man City records obsession Joined: 20 Mar 2012 Location: Dundalk Status: Offline Points: 9647 |
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@Colmoc
Are you in the south or up north? Up North have ISA that are tax free. Who do you currently bank with? AIB was just an example. AIB have a regular investment savings account. Just tell them you want to invest in a low cost ETF that tracks US stock market and put in money on a regular basis. The ETF will cover all the stocks so you don’t have to pick individual ones. |
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colmoc
Jack Charlton serious foot fetish Joined: 09 Feb 2009 Status: Offline Points: 7582 |
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In the south. Can see the north from my kitchen window though but not much use in this situation I bank with AIB but I thought irishlife dealt with all their investment stuff Cheers for the advice lads👍🏻
Edited by colmoc - 15 Feb 2021 at 3:16pm |
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Shedite
Jack Charlton Joined: 09 Dec 2011 Status: Offline Points: 9823 |
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AntrimMan
Jack Charlton YBIG's resident Nordy/London Hipster Joined: 16 Oct 2007 Location: Christmas Island Status: Offline Points: 9454 |
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AIB seem to have something similar there according to ZK - maybe worth checking out But aye, for anyone in UK, have only had positive experience of HL
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@AntrimMan85
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Sham157
Moderator Group Joined: 17 Jul 2009 Location: Monaghan/Dublin Status: Offline Points: 33211 |
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nvidic
Moderator Group Joined: 03 Aug 2010 Status: Offline Points: 19005 |
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Think it was Shedite who suggested investing in a S&P 500 linked fund, setting it up with BOI on Weds, thanks for the tip!
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McG
Moderator Group SISAO? What the hell is SISAO? Joined: 27 Jan 2008 Location: Christmas Island Status: Offline Points: 27006 |
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Really the only thing the credit union offer is decent access to small loans with your shares. Diddly interest.
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YBIG Table Quiz winner 2016 & 2017
AS YOU WERE McGx |
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the_walls
Jack Charlton 6 in a row, alive alive oh.. Joined: 13 Feb 2009 Location: Walkinstown Status: Offline Points: 5182 |
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I presume all of these investment strategies that you lads are discussing would still be subject to income tax, USC and CGT?
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nvidic
Moderator Group Joined: 03 Aug 2010 Status: Offline Points: 19005 |
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Yeah, 33% CGT. one I'm going for has 14% annualised returns over last ten years so even with it you'd have gotten 9% roughly exact as there's a 1% management fee But it's better than sitting in the current account. In it for the medium to long term myself so will ride out the inevitable downturns.
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EdisonCavani
Kevin Kilbane Joined: 26 Mar 2014 Status: Offline Points: 250 |
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Just so you aware the S&P 500 by most metrics is trading at historic highs. That is not to say it won’t continue to rise but it is something you should be aware of. There is a downside value risk that needs to be taken into account.
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nvidic
Moderator Group Joined: 03 Aug 2010 Status: Offline Points: 19005 |
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Yep, cheers! Have put had a good look at it Would've been better getting in a year or so ago. Plan to leave it at least 8 years and up to 30 so will be peaks and troughs during that that we'll ride out. Would be very unlucky for this to be an all time high that isn't matched again, just hoping it beats inflation really.
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AntrimMan
Jack Charlton YBIG's resident Nordy/London Hipster Joined: 16 Oct 2007 Location: Christmas Island Status: Offline Points: 9454 |
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I'm a bit bearish on the SPX.
Tesla was incorporated in Dec as 5th largest member. I think that stock is way overpriced and will fall. It also doesn't pay dividends. Overall dividend yield of the index is down about .3% on the year. That said, historically it's fairly safe and while I expect a leaner 2021, it will bounce back
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@AntrimMan85
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Shedite
Jack Charlton Joined: 09 Dec 2011 Status: Offline Points: 9823 |
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Good man nvidic. We've ridiculous amount of money in deposit accounts in Ireland at the moment. The bansk don't want it, it's earning you nothing. Much better off investing it
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Zinedine Kilbane 110
Jack Charlton Man City records obsession Joined: 20 Mar 2012 Location: Dundalk Status: Offline Points: 9647 |
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Yeah it’s at an all time high but if you are putting in regular amounts each month and are holding for the long term you ride the ups and down and aren’t trying to time the market. Nothing beats time in the market. There are studies that show dead money beats most hedge funds - that is people who just leave money on tracker funds beat most active trading strategies. It’s probably not the best time to put a large sum into the market and a correction is well over due but if you are looking at a 10+ year period then monthly investments is a good habit to get into. There is lots of money in China and Oil countries that will invest heavily in any major dips in the US market so I don’t see any long term bear runs.
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seanyshuffler
Jack Charlton PM snitch Joined: 09 Jun 2011 Location: Ireland Status: Offline Points: 9538 |
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140 off 10k doesn't seem particularly good to be fair
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the_walls
Jack Charlton 6 in a row, alive alive oh.. Joined: 13 Feb 2009 Location: Walkinstown Status: Offline Points: 5182 |
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The CGT is handy to work out but is it not complicated working out the income tax and USC due?
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Zinedine Kilbane 110
Jack Charlton Man City records obsession Joined: 20 Mar 2012 Location: Dundalk Status: Offline Points: 9647 |
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14% from 10k would be 1,400 ?
The S&P has returned about 10-11% annualised returns for over 100 years so it’s a fairly safe investment over the long term. It’s been higher the last 10 years (13-14%) due to growth of tech / minimum wage / robotics etc For me it’s a really good balance between high returns and low risk. Money in the bank is losing money due to inflation. |
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nvidic
Moderator Group Joined: 03 Aug 2010 Status: Offline Points: 19005 |
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Only subject to CGT, which I believe is taken off automatically so little for you to do, open to correction on that
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