I'd appreciate some general advice on investing 30k that I don't need for a long time, I'd like to invest it for 12 years minimum. I have other cash for a rainy day.
I think I'd like to put it in an investment fund of some sort, something I could just invest it and forget about it until 12 yrs later or more. I've been reading up on moneycube and zurich and am wondering if these are the best ways to go? What broker fees should I be looking to try and get on these services, etc.
Also, I believe these fund are ETF's, if I believe correct, then I also think the exit tax is 41% on these and also has a tax thing at 8yrs, is this correct? And if so is it still a worthwhile long term investment or does the tax paperwork rule it out? Does the likes of moneycube and Zurich do the tax for you as part of their fees or is thi san additional cost I'd have to pay my own sourced accountant? I don't think I'd be able to do these particular taxes myself. I could probably handle doing the 31% CGT on ordinary shares myself. The only other alternative I have is just leaving it in a savings account which I really don't want to do.
I'd also appreciate some practical advice as to invest it all in 1 thing or maybe invest in 3 things via 10K in each of the 3 things. Or will that just incur 3 times the fees.
I'd appreciate some advice on the above or on any alternatives I should consider instead. I'm open to suggestions. Thanks.
I think I'd like to put it in an investment fund of some sort, something I could just invest it and forget about it until 12 yrs later or more. I've been reading up on moneycube and zurich and am wondering if these are the best ways to go? What broker fees should I be looking to try and get on these services, etc.
Also, I believe these fund are ETF's, if I believe correct, then I also think the exit tax is 41% on these and also has a tax thing at 8yrs, is this correct? And if so is it still a worthwhile long term investment or does the tax paperwork rule it out? Does the likes of moneycube and Zurich do the tax for you as part of their fees or is thi san additional cost I'd have to pay my own sourced accountant? I don't think I'd be able to do these particular taxes myself. I could probably handle doing the 31% CGT on ordinary shares myself. The only other alternative I have is just leaving it in a savings account which I really don't want to do.
I'd also appreciate some practical advice as to invest it all in 1 thing or maybe invest in 3 things via 10K in each of the 3 things. Or will that just incur 3 times the fees.
I'd appreciate some advice on the above or on any alternatives I should consider instead. I'm open to suggestions. Thanks.