Hello,
"At RaboDirect you will only pay a 0.75% entry fee and 0.75% exit fee for this fund."
I read this on rabodirect today while researching an investment fund, I always seem to get confused with costs of these type of funds as it never seems simply.
Does above simply mean:
On Entry -- If I invest 20K .75% is charged i.e. €150 ?
On Exit -- if the fund grows to 25K am I charged on 25K or 5K ?
On Exit -- if the fund drops to 18K am I charged .75% on 18K ?
Additionally is there CGT due on the profit made ?
I know these are simply questions, hopefully I will get some easy to understand answers
thanks in advance.
Darragh
"At RaboDirect you will only pay a 0.75% entry fee and 0.75% exit fee for this fund."
I read this on rabodirect today while researching an investment fund, I always seem to get confused with costs of these type of funds as it never seems simply.
Does above simply mean:
On Entry -- If I invest 20K .75% is charged i.e. €150 ?
On Exit -- if the fund grows to 25K am I charged on 25K or 5K ?
On Exit -- if the fund drops to 18K am I charged .75% on 18K ?
Additionally is there CGT due on the profit made ?
I know these are simply questions, hopefully I will get some easy to understand answers
thanks in advance.
Darragh