Bux Zero - Investing into ETF's

[benbuffett]

HI All,

Has any one used Bux Zero for investing into ETF's. The platform looks very straight forwad and a wide range ETF's are available. If you submit an order, you either execute straight away for a fee of €1 or a zero commission trade when the market cloese.

Do they make money on the Bid offer spread or how do they make money?

Thinking of using it to buy the S&P over the next number of years.

Cheers - B Buffett

 

[jpd]

Make sure you understand all the tax rules pertaining to ETFs - including reporting the purchases and the payment of taxes due

 

[ClubMan]

I agree with @jpd. Check out some of the many threads here about ETFs and why, arguably, the tax treatment of many of them makes them unattractive from an investment point of view - particularly when compared to investing directly in shares.

 

[benbuffett]

Thanks for that.