Ireland doesn't exactly have a stellar investing environment. No ISAs, deemed disposal every eight years, high management charges etc ...
However, from what I understand, a range of new investment options becomes available once you're willing to pony up money for an accountant and/or financial advisor to get your form 11 filed and get access to products not really marketed towards ordinary consumers.
For example, without paying flat fees for an accountant / advisor, it's fairly easy for anyone to stick their money into the following things:
- Pensions
- Early Mortgage Repayment
- Life Company Investment Wrappers
Once you're willing to pay flat fees for accountants and/or professionals, the following options become available to pursue:
- Investing directly in ETFs through trading platforms e.g. Degiro (Typically with much lower AMCs)
- Investment Trusts
- Investing in funds that aren't subject to deemed disposal
What's the tipping point? How much cash do you need to be investing before it becomes worth it?
However, from what I understand, a range of new investment options becomes available once you're willing to pony up money for an accountant and/or financial advisor to get your form 11 filed and get access to products not really marketed towards ordinary consumers.
For example, without paying flat fees for an accountant / advisor, it's fairly easy for anyone to stick their money into the following things:
- Pensions
- Early Mortgage Repayment
- Life Company Investment Wrappers
Once you're willing to pay flat fees for accountants and/or professionals, the following options become available to pursue:
- Investing directly in ETFs through trading platforms e.g. Degiro (Typically with much lower AMCs)
- Investment Trusts
- Investing in funds that aren't subject to deemed disposal
What's the tipping point? How much cash do you need to be investing before it becomes worth it?