whatsmoney
Registered User
- Messages
- 91
Hi folks
Hope you are all well!
I started investing with Degiro a few years back so am familiar with funding and buying stocks.
Initially I was buying into a selection of US ETFs which were brilliant, but was forced to stop due to the legislation brought in around those a couple of years back.
(I tried to circumvent that and opened an online account with Interactive Brokers in USA only to find that I couldnt buy US ETFs ... so had to close it)
So, I then constructed my own diversified stock portfolio of ~30 stocks and started 'dollar cost averaging' into those.
Now, I'm a bit nervous of the market but I want to hold what I have and buy into it monthly without much hassle.
I want a simplified approcah.... to buy some sort of fund which I can pay into monthly, while in parallel adding to my existing stocks on market dips.
I have taken a look at the Irish Life MAPS funds etc, but I don't want to be paying ~2% on annual fees.
I was thinking about buying into a UK Investment Trust instead which initially looked good - they have low annual fees, but then you have to pay Stamp Duty for those
at time of buying as well as ~4GBP per trade... so this all adds up....
Can anyone advise of a fund, or type of fund, that I could invest into myself directly on the stock market (or otherwise) on a biweekly/monthly basis,
without getting caught on Stamp Duty, high annual management charges, or 7 year tax rule etc ?
I basically want what would be an equivalent of US ETFs.... and I want a DIY approach.
The funds can be mixed asset funds, or equity funds, I dont mind....
If anyone can advise on what type of fund I should be looking for and where they are available, it'd be appreciated,
Thanks!
Hope you are all well!
I started investing with Degiro a few years back so am familiar with funding and buying stocks.
Initially I was buying into a selection of US ETFs which were brilliant, but was forced to stop due to the legislation brought in around those a couple of years back.
(I tried to circumvent that and opened an online account with Interactive Brokers in USA only to find that I couldnt buy US ETFs ... so had to close it)
So, I then constructed my own diversified stock portfolio of ~30 stocks and started 'dollar cost averaging' into those.
Now, I'm a bit nervous of the market but I want to hold what I have and buy into it monthly without much hassle.
I want a simplified approcah.... to buy some sort of fund which I can pay into monthly, while in parallel adding to my existing stocks on market dips.
I have taken a look at the Irish Life MAPS funds etc, but I don't want to be paying ~2% on annual fees.
I was thinking about buying into a UK Investment Trust instead which initially looked good - they have low annual fees, but then you have to pay Stamp Duty for those
at time of buying as well as ~4GBP per trade... so this all adds up....
Can anyone advise of a fund, or type of fund, that I could invest into myself directly on the stock market (or otherwise) on a biweekly/monthly basis,
without getting caught on Stamp Duty, high annual management charges, or 7 year tax rule etc ?
I basically want what would be an equivalent of US ETFs.... and I want a DIY approach.
The funds can be mixed asset funds, or equity funds, I dont mind....
If anyone can advise on what type of fund I should be looking for and where they are available, it'd be appreciated,
Thanks!