E
I want to spread the risk but id like to be able to cash out if i needed to so I'm averse to an index linked fund.
Hi, at 26 I think it would be daft to sink that much money into your pension. If you're already paying into a pension you might not even get tax relief on it. A better idea is to enter riskier funds with your pension in the hope that they'll make more over the long term. If the funds bomb they might recover or you could increase your contributions when you are older.Hi ,
I have a 5k sum to invest. I'm 26, I have a pension that I started when I was 21, with a regular contribution spread across a few funds. I'm reluctant to simply top up the pension as I would like relatively easy access - as in not have to wait until im silver haired....
England have those easy access cash isa's , do we have anything similar in ireland? is 5k worth putting into 3-4 single stocks , or would the fees negate any profit? I want to spread the risk but id like to be able to cash out if i needed to so I'm averse to an index linked fund.
I have quite a high risk profile, i wouldnt mind losing all of it and stocks are appealing but they seem to require such a high buy in.
any advice? something i've not considered.
i'm resident & earning in uk, but the cash is in euro's in ireland.
Hi ,
I have a 5k sum to invest. I'm 26, I have a pension that I started when I was 21, with a regular contribution spread across a few funds. I'm reluctant to simply top up the pension as I would like relatively easy access - as in not have to wait until im silver haired....
England have those easy access cash isa's , do we have anything similar in ireland? is 5k worth putting into 3-4 single stocks , or would the fees negate any profit? I want to spread the risk but id like to be able to cash out if i needed to so I'm averse to an index linked fund.
I have quite a high risk profile, i wouldnt mind losing all of it and stocks are appealing but they seem to require such a high buy in.
any advice? something i've not considered.
i'm resident & earning in uk, but the cash is in euro's in ireland.
Assuming you do not top up your pension (say in a fund that is not correlated to your current allocations) you should buy one stock. Trading costs will just eat into your returns if you invest less than that amount in a single stock.
You are UK based, and should look at UK sources such as Investors Chronicle and the financial pages of the UK Times and the Telegraph for candidate stocks. As you have a higher capital gains allowance and a lower capital gains tax in the UK, and as you are UK resident, you should trade there rather than IE. Also as GBP is currently down relative to the EUR it probably makes sense to change your EUR to GBP, even though you’ll pay a conversion charge. (Although you might be able to find a broker who’ll give you the spot rate on the conversion if you look like a potential long term client.) I’m not certain of the tax treatment in the UK of ETFs but, IMHO, they are more for building up asset class allocations than individual trading. [Disclaimer: The above is comment / observation and is not a recommendation to follow any particular investment strategy or to buy / not buy any particular fund or stock.]
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?