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Zinedine Kilbane 110 View Drop Down
Jack Charlton
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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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Originally posted by Zinedine Kilbane 110 Zinedine Kilbane 110 wrote:

@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. 

In the south. Can see the north from my kitchen window though but not much use in this situation Big smile

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 View Drop Down
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Originally posted by AntrimMan AntrimMan wrote:

Checkout a company called Hargreaves Lansdowne

I used them to get up a stocks and shares ISA for my God Daughter.

Basically, I throw a bit of money in every month via DD and can also top it up on Birthdays/ XMAS etc as a gift. App is very good and lets you invest in shares, indicies etc but I just have one of their managed funds. 

Very easy to get going on it, great little App to monitor and manage it. 
That looks the job. Been trying to find something similar for those of us down south but drawing a blank.
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Originally posted by Shedite Shedite wrote:

Originally posted by AntrimMan AntrimMan wrote:

Checkout a company called Hargreaves Lansdowne

I used them to get up a stocks and shares ISA for my God Daughter.

Basically, I throw a bit of money in every month via DD and can also top it up on Birthdays/ XMAS etc as a gift. App is very good and lets you invest in shares, indicies etc but I just have one of their managed funds. 

Very easy to get going on it, great little App to monitor and manage it. 
That looks the job. Been trying to find something similar for those of us down south but drawing a blank.

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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Sham157 View Drop Down
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Originally posted by colmoc colmoc wrote:

Originally posted by Zinedine Kilbane 110 Zinedine Kilbane 110 wrote:

@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. 

In the south. Can see the north from my kitchen window though but not much use in this situation Big smile

I bank with AIB but I thought irishlife dealt with all their investment stuff

Cheers for the advice lads👍🏻
AIB myself so going to have a look also. Have a few bob sitting in a Credit Union but earning me nothing. Interested in a lump some investment and let it sit there for a while instead
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nvidic View Drop Down
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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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Originally posted by Sham157 Sham157 wrote:

Originally posted by colmoc colmoc wrote:

Originally posted by Zinedine Kilbane 110 Zinedine Kilbane 110 wrote:

@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. 

In the south. Can see the north from my kitchen window though but not much use in this situation Big smile

I bank with AIB but I thought irishlife dealt with all their investment stuff

Cheers for the advice lads👍🏻
AIB myself so going to have a look also. Have a few bob sitting in a Credit Union but earning me nothing. Interested in a lump some investment and let it sit there for a while instead

Really the only thing the credit union offer is decent access to small loans with your shares. Diddly interest. 
YBIG Table Quiz winner 2016 & 2017
AS YOU WERE McGx
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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 View Drop Down
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Originally posted by the_walls the_walls wrote:

I presume all of these investment strategies that you lads are discussing would still be subject to income tax, USC and CGT?

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 View Drop Down
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Originally posted by nvidic nvidic wrote:

Originally posted by the_walls the_walls wrote:

I presume all of these investment strategies that you lads are discussing would still be subject to income tax, USC and CGT?

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. 
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 View Drop Down
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Originally posted by EdisonCavani EdisonCavani wrote:

Originally posted by nvidic nvidic wrote:

Originally posted by the_walls the_walls wrote:

I presume all of these investment strategies that you lads are discussing would still be subject to income tax, USC and CGT?

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. 
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.

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 View Drop Down
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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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Shedite View Drop Down
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Originally posted by EdisonCavani EdisonCavani wrote:

Originally posted by nvidic nvidic wrote:

Originally posted by the_walls the_walls wrote:

I presume all of these investment strategies that you lads are discussing would still be subject to income tax, USC and CGT?

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. 
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.
The S&P spends most of it's time at historic highs. It just goes higher next month. With the US continuing th print money, it all flows into the stock market.

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 View Drop Down
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Originally posted by Shedite Shedite wrote:

Originally posted by EdisonCavani EdisonCavani wrote:

Originally posted by nvidic nvidic wrote:

Originally posted by the_walls the_walls wrote:

I presume all of these investment strategies that you lads are discussing would still be subject to income tax, USC and CGT?

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. 
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.
The S&P spends most of it's time at historic highs. It just goes higher next month. With the US continuing th print money, it all flows into the stock market.

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

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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Originally posted by Zinedine Kilbane 110 Zinedine Kilbane 110 wrote:

Originally posted by Shedite Shedite wrote:

Originally posted by EdisonCavani EdisonCavani wrote:

Originally posted by nvidic nvidic wrote:

Originally posted by the_walls the_walls wrote:

I presume all of these investment strategies that you lads are discussing would still be subject to income tax, USC and CGT?

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. 
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.
The S&P spends most of it's time at historic highs. It just goes higher next month. With the US continuing th print money, it all flows into the stock market.

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

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. 
 
140 off 10k doesn't seem particularly good to be fair
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Points: 5182 		Post Options Post Options   Thanks (0) Thanks(0)   Quote the_walls Quote  Post ReplyReply Direct Link To This Post Posted: 16 Feb 2021 at 9:21am
Originally posted by nvidic nvidic wrote:

Originally posted by the_walls the_walls wrote:

I presume all of these investment strategies that you lads are discussing would still be subject to income tax, USC and CGT?

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. 

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 View Drop Down
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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 View Drop Down
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Originally posted by the_walls the_walls wrote:

Originally posted by nvidic nvidic wrote:

Originally posted by the_walls the_walls wrote:

I presume all of these investment strategies that you lads are discussing would still be subject to income tax, USC and CGT?

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. 

The CGT is handy to work out but is it not complicated working out the income tax and USC due? 

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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