Money Mags
Registered User
- Messages
- 11
Hi,
Interested to see if anyone has done a comparison between DIY investing via online brokers such as TDDirect or Davy vs a Saving Investment product offered by the likes of Zurich or Irish Life.
I'm aware the problem faced as the financial services companies aren't fully transparent on the entire suite of charges.
However, for someone wanting to save perhaps €500 per month over the next 20 years I'd be interested to see the costs.
Many people on here seem to proclaim DIY investing via online broker much much cheaper.
However, from my initial research the online brokers seems to have fairly large list of charges! Taking just the trading charge €15-€20 per trade. The latter in itself equates to 4% on a €500 trade.
Then taking into account the book keeping required from year 8 onwards once your monthly installments start hitting their 8 year anniversary.
I just don't think the cost difference is as big as some make out it so be. But perhaps it is?
Interested to see if anyone has done a comparison between DIY investing via online brokers such as TDDirect or Davy vs a Saving Investment product offered by the likes of Zurich or Irish Life.
I'm aware the problem faced as the financial services companies aren't fully transparent on the entire suite of charges.
However, for someone wanting to save perhaps €500 per month over the next 20 years I'd be interested to see the costs.
Many people on here seem to proclaim DIY investing via online broker much much cheaper.
However, from my initial research the online brokers seems to have fairly large list of charges! Taking just the trading charge €15-€20 per trade. The latter in itself equates to 4% on a €500 trade.
Then taking into account the book keeping required from year 8 onwards once your monthly installments start hitting their 8 year anniversary.
I just don't think the cost difference is as big as some make out it so be. But perhaps it is?