One way to lower your tax liability is to save the €280 in cash every month, and once you have about €2-3k buy into an ETF. I generally do not make share or ETF purchases for under €2000 as the cost of acquisition and disposal can eat substantially into your profits.
Chris, can you explain what an ETF is and how you go about purchasing one?
There are many ETFs on the market by some of the biggest banks in the world. There are ETFs that track stock indices, or a certain industry, or country, or commodity. Starting off I would suggest looking at an ETF that is fairly diversified in different industries and countries. A lot depends on how much risk you are willing to take really.Thanks Chris, I'll look into Rabo. We have saved a bit already so I will look into ETFs - any pointers ?
I would prefer ETFs myself, but I am not yet fully satisfied with tax treatments of them.
Investment is very important with out investment we cannot achieved in our life
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?