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I am not sure about the management charges to be honest, would have to check my paperwork.
Is that change expected this year? Do you think it will effect the value of the funds? Thanks so much for your help.
There is a chance in the near future that BoI and New Ireland products (SMART Funds), might be either sold or existing holdings transferred via a different regime but with the same Financial Provider on a drastically reduced Management Charge.
Mercman, is this a real possibility ?
Hi,
I am about ot look into investing in lump sum and was going to speak to the BoI rep...are ye saying I can get the same products from an Independent broker for less management fees??
On a side note, anyone any advice on what SMART fund they think will be the best performer - thinking 3-5 yr investment.
I have enough files to give reason as to why not to invest with SMART Funds. After 40 months of pure hell, spoof, lies lies and more lies, then the Financial Ombudsman, The High Court and still not fixed up yet I would well advise choosing another Investment Provider.
It is impossible to say which fund would be the best to invest in. Nobody can look into the future. There will be a provider/broker very soon that will be able to offer these funds at a vastly reduced Management Fee if you still haven't lost interest.
Should I leave the money there and wait for it to come back up or should I take the €24,000 now and try to recoup the losses elsewhere?
Any advice would be most greatly appreciated.
Thanks
liable for DIRT tax on the BOI Smart funds up to the point where you would at least be re-couping your initial investment of 30k. On the other hand if you were to encash now and realize a 6k loss you cannot roll over this loss against any gains made in a new investment Fund for DIRT tax purposes. You will immediately be liable to DIRT tax for any gains made in the new investment Fund upon encashement. Hence I would advise that it is anticipated that the new Funds are expected to significantly outperform the Smart Funds before you make any move.
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