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Investment Advice for EFTs on De Giro

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  • 21-12-2017 2:43pm
    #1
    pmullan1
    Registered Users Posts: 2 ✭


    Hi All,

    I been researching EFT's and summarised below a plan of action. If anyone would like to point out any flaws please be my guest!! Thanks in advance.

    Background: I am an Irish based investor, 25 y/o, can invest circa. 500 p/m. I am from Northern Ireland but work and in the south of Ireland. No previous investments.

    Platform: De Giro (cheapest fees)

    Tax: US domiciled EFT and will get taxed at 33% on capital gains and rate of income tax + USC + PRSI on dividends. Losses can offset taxable gains on different EFTs.

    So, invest in a US domiciled EFT, with focus on growth rather than dividends (automatic reinvestment of dividends on US domiciled EFTs is not allowed). Invest in 2/3 different EFTs, possibly one focused on emerging markets and others tracking a low risk stock market index. Any losses on emerging profits can offset taxable profit on s & p 500 (assuming there is some!!).

    Currency risk: Avoid if possible. Invest in US domiciled EFTs which are focused on Euro investment.

    Diversification between asset classes: Possibly have one EFT focused on bonds and one on equities.

    Any suggestions on EFTs which meet the above criteria?
    Tagged:


Comments

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    #2
    Frogdog
    Registered Users Posts: 983 ✭✭✭Frogdog


    I think these might suit your criteria. They're from the list of free fee ETFs from DeGiro:

    Vanguard S&P 500 ETF - US9229083632
    iShares Europe ETF - US4642878619
    Schwab Emerging Markets Equity ETF - US8085247067


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    #3
    kokiyou
    Registered Users Posts: 94 ✭✭kokiyou


    >Losses can offset taxable gains on different EFTs.

    From what I read on askaboutmoney losses can only be offset on the same EFT in the same year. But not 100% on this.
    I wouldn't bother with bonds til you are 50+.
    I think you might want to look into whether there are any fees for buys under 1000 euro in currency or commission, but might be fine with DeGiro.


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