First time investor

B

Blacktie

Registered User
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Hi everyone. First time investor here. I currently have about 10k euro to invest with the chance to invest another 20k over the next year.

I'm 26 years old with no mortgage, no debt and no dependants. I don't really want to leave this money in the bank earning a tiny interest rate that in itself gets taxed so I've been looking into investing.

I don't mind a bit of a risk and don't mind tieing the money up for a few years. 3 to 5 being ideal but longer if the returns are worth it since I don't really have plans to buy a house any time soon.

I may be moving to Canada in the next year or so but I'll have money set aside for this separately.

I've looked into it a bit and it seems an ETF is my best bet but I have no idea how to get started or where to look. Unfortunately my free time is extremely limited due to work so I haven't had too much time to do the research and what I have done is just gone over my head a bit.

So what do my options look like here to make the best use of my money?
 
Hey, I was about to post something similar, so I hope nobody minds me hopping on in here instead of creating another thread...

I'm looking to get started with investing as well and I was wondering if anyone would be able to give me some advice:
My goal is investing for the long term, I know I won't be able to hit it rich by trading regularly, so I figured buying and holding would be my best option to hopefully get better returns than a deposit bank account.

What I'm interested in most would be buying index funds or index/stock ETFs - so I most likely will be buying regularly (once a month, probably) and then holding and reinvesting.

My main question is whether or not I would be better off setting up an online broker account or going through someone else. Looking at some of the other threads, something like investandsave.ie or ferga.com would fall into the latter category. Or should I just set up an account with davy/td/saxo and just manage things myself? From what I can gather, td seems like my best option with frequent purchases, but I could be wrong

Any pointers?

Thanks
 
the only way you can buy and etf is through a broker so you will need to open an account with a broker

im with saxo in the uk , much cheaper than the rip off irish ones

their are global etf,s listed on the amsterdam exchange which cost .25% per anum

VWRL.AS
 
west_bound said:
the only way you can buy and etf is through a broker so you will need to open an account with a broker

im with saxo in the uk , much cheaper than the rip off irish ones

their are global etf,s listed on the amsterdam exchange which cost .25% per anum

VWRL.AS
Click to expand...

Ok I will look into that thanks. I've heard good things about vanguard.

Would it be worth going to a financial advisor?
 
You need to buy a etf which reinvests the dividends or else things get messy from a tax pt of view. Vanguard etfs pay out dividends last time I checked.
 
ALBERT* said:
You need to buy a etf which reinvests the dividends or else things get messy from a tax pt of view. Vanguard etfs pay out dividends last time I checked.
Click to expand...

Ah so there's no option to re invest if going with them? Seems like a simple thing to leave out.
 
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