Just a quick question (shares and savings)

[Kye1]

Hello.

I have read the key posts thread which is very helpful, but its an overload of information. I have money to invest. I am 21 and i plan on investing around 60 euro a month, but i am unsure what is best for me.

This will be for 30+ years. I do not know if shares or investment funds are right for me. The Quinn Freeway fund sounds like a great idea, but the exit tax is alot. Would it be worth understanding how "normal" shares would work, and open a crest account to avoid that large tax?

I currently have my money in the AIB deposit 7 account. Any advice about the above question would be helpful.


Kye.

 

[messyleo]

By exit tax on the Quinn (and similar) funds, i take it you mean the 23% on gains made? Well 20% will also be due to any gains if you buy shares directly so the difference is not vast when you consider the benfits in terms of diversification, as well as the facility to save a small amount monthly in a cost efficient manner.

 

[ClubMan]

See the key posts for informtion on how the tax and other issues differ between direct share investments and indirect share investments (e.g. unit linked funds, ETFs etc.).