Long term investing on Degiro

Pluto Planet

I recently signed up for a Degiro account. I'd like to invest €500 per month to start with then possibly up to a €1000 euro per month in a year's time. Basically I'm looking for investment recomendations that minimises hassle and which has minimal tax implications to deal with.

Was thinking US ETFs but that's ruled out with new regualtions. Now thinking Eurostoxx and some emerging market ETFs. Would Degiro be a good platform for long term investing, say iver the next 10-20 years?

topper_harley2

Hi, Have you read all that other threads that discuss Degiro? https://touch.boards.ie/search?q=degiro, their positives and negatives are covered pretty comprehensively...

Eurostoxx from iShares is a UCITS fund = major tax headaches. To minimise hassle and tax implications? You're in wrong country I'm afraid :-D

Pluto Planet

topper_harley2 wrote: »

Hi, Have you read all that other threads that discuss Degiro? https://touch.boards.ie/search?q=degiro, their positives and negatives are covered pretty comprehensively...

Eurostoxx from iShares is a UCITS fund = major tax headaches. To minimise hassle and tax implications? You're in wrong country I'm afraid :-D

Yea had a read through some of those threads. Is it better to invest in stocks then to for less hassle?

topper_harley2

Tax-wise, IMO yes. DIY fund investing in Ireland is a pain, especially with US ETF change.

Personally, I'd look at other investment options such as overpaying mortgage and/or pension AVCs. I don't know enough about individual stocks for picking them.

Pluto Planet

Going to trade stocks so, what are the exchange fees like, would like to buy stocks once per month, 1st month US stocks, 2nd European stocks nd 3rd Asian stocks, wash rinse repeat indefinitely. In terms of fees does that make sense at €500 per month.

topper_harley2

Fees and exchange costs here https://www.degiro.ie/fees/compare-brokers/

Pluto Planet

I'm considering buying about €500 worth of Walt Disney shares at the end of the month as my first trade, any reasons why this is a bad idea?

topper_harley2

No idea, sorry. As I mentioned:

I don't know enough about individual stocks for picking them

Wheety

There's a Share Picks 2018 thread where people are recommending shares they think will do well. But you still have to make up your own mind. Can't blame someone there if you lose it all on a recommendation.

p to the e

There's a difference between trading and investing. If you are investing in a company you're in for the long haul and expect the company to do well and may even take an active role in how the company runs (writing letters, voting etc). If you are trading you don't really care what the company does and for the most part are just holding on to the shares for a short term waiting until it reaches a price you think is suitable to get out.