In what sense?My question is, is it a wrong time to purchase Investment Trusts on the LSE?
maybe its just a note they just put out to cover themselves so that "you were warned" the possible repurcussions are not our fault. In any case I thought financial services were not part of the withdrawal talks now so in theory should not be affected, thats just my reasoning though.
3. The Treaties shall cease to apply to the State in question from the date of entry into force of the withdrawal agreement or, failing that, two years after the notification referred to in paragraph 2, unless the European Council, in agreement with the Member State concerned, unanimously decides to extend this period.
thats fair enough but it deals more with how UK financial institutions will be treated with regard to european financial assets they might hold or trade. However even if the UK becomes a "third country" like the US Canada or Australia it doesn't preclude me as an irish investor holding US or Canadian shares. There is no problem buying or selling these assets on Degiro now so why would it be any different for UK shares. Switzerland is not in the EU but there is no problem buying Swiss shares in fact many irish investors to their detriment have holdings in Arytza .The EU is rule based, so that means that unless agreed otherwise, the UK loose all it's current rights including financial service. That means that the UK will move to the exact same status as say the US, with the same complications....
But sure you have until 31 march to close the account with IG so you have plenty of time, then just transfer your holdings to Interactive Investor as you can maintain that account.I phoned Interactive Investor to check how would my account be affected by Brexit on 1st January for an Irish resident and was told that they are no longer accepting new accounts from Ireland but will keep existing ones.
I’m in the same boat here. Have a portfolio with IG and will be set to closings only from tomorrow . Was planning on opening a degiro account and doing a transfer before 31st March. Ig aren’t charging for the transfer but degiro do. Any other alternatives ??Hi
I have a share account with Interactive Investor (UK based company)
I'm wondering has anyone received notifications from them re any effect to their account due to Brexit?
I have another share account with IG (also a UK based company) and they have informed their Irish customers that their share dealing account will be switched to Closings only from tomorrow and accounts to be closed by 31 March. I plan to open up a Degiro account and transfer these shares over.
I phoned Interactive Investor to check how would my account be affected by Brexit on 1st January for an Irish resident and was told that they are no longer accepting new accounts from Ireland but will keep existing ones.
I'm now feeling angsty as to whether I should hold tight or sell all my holdings with them today or tomorrow just in case?
We don't know exactly what might happen on Jan 1st.
My share holdings with Interactive Investor are all in Canadian companies.
Any opinions on this appreciated
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