What are /r/irishpersonalfinance's favorite Products & Services?

From 3.5 billion Reddit comments

Consider Wise dot com- you get a dollar account routing and account number you can transfer into from Fidelity just like any US bank account (e.g. Wire transfer or preferably ACH if that's an option for you). Wise charges flat rate $7.50 to receive the funds.

Then you can change them to Euro at a better exchange rate than AIB or Fidelity would give you and transfer them into AIB from wise by providing your IBAN.

Simple to set up and only takes a few days for the funds to hit Irish bank. I was sick of paying big fees to BOI until I switched.

CurrencyFair is another option but I had issues with transfers as they don't have a USA account any more.

No problem :) - good to get some interaction- even if we have gone on a bit of a tangent.

Funding tastyworks through currencyfair, there is a $20 fee per transfer but it was much cheaper than the alternative directly with my bank. I had read than questtrade accepts free transfers from Transferwise (Wise.com) so that would be another plus to Canadian ETF’s

Considred the currency risk at bit, did some reading and didn’t fully understand but basically figure that even with Euro ETF ps there is still some currency risk as many of the companies involved are US companies which trade in US dollars.

That said I only intend to hold some of my investments in US ETF’s.

US ETF’s aren’t allowed accumulate so all pay a dividend unfortunately, Canadian ones seem to be same from what I can find.

Hope some of that helps... Have you a pension? As boring as it seems from my research it seems the best way to invest in Ireland

Using one of these will help you measure and reduce your consumption. I got one a few years ago and it was a great investment. I still use it dispite having moved since. www.amazon.co.uk/dp/B001Q1G4WK/ref=cm_sw_r_cp_apa_glt_fabc_ANJ9QWVCRQW8P18AGEY9

This is one I have by an Irish author, Rory Gillen of Gillen Markets. 3 Steps to Investment Success: How to Obtain the Returns, While Controlling Risk https://www.amazon.co.uk/dp/B009R4NX4K/ref=cm_sw_r_cp_api_HARPF790E1XXX8QG9V1Y

Equity is safe in the long term since your child has time to ride out any recessions.

I’d be going 100% equity until he’s about 5 years from retirement.

Of all the books I’ve read the simple path to wealth book was the best at breaking down investing:

https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/153366792

It started as letters to his child. So it is focused on long term growth.

It will convince you to get more into equity.

The only way with similar tax benefits is a PRSA. Maybe your workplace offers a profit sharing scheme or something?

Otherwise, those days are gone I'm afraid https://www.amazon.co.uk/Things-Your-SSIA-Eddie-Hobbs/dp/B00GJ08C96

People are selling the bord na mona peat briquettes to the yanks for $90 per bail, or $37 for 4 bricks.

The people taking the loans are PAYING the interest. They also have to put up collateral so if they don't pay it back, they lose the collateral.

This is basically what banks so except this is a million times better for the small guys.

[Read this to understand how it works.(https://www.kraken.com/uk-ua/learn/what-is-celsius-cel)

They are a regulated, SEC compliant, lending platform. This is as safe as it gets.

You would swear by the reactions here that I was trying to sell you some stupid memecoin.

If people bothered to look into crypto without instantly dismissing it all as a scam then they would be much more financially well off.

There are a lot of scams in crypto, yes. But not every single part of crypto is a scam. The fact that most people here think that is absurd.

I'm not a tax expert but yeah, I don't think you can claim a loss if you buy back in less than 30 days. It's a called the wash sale rule. https://www.schwab.com/resource-center/insights/content/a-primer-on-wash-sales

Not financial advice but you could possibly sell 1/3 into CGT territory if your assets haven't appreciated much or even dipped, then just hold off until 30 days.

For me, the answer is always TransferWise (now Wise)! I have transferred many a large sum.

I think the right answer is "whatever is cheapest" and I always find Wise is. Checking the rates calculator on Wise, CurrencyFair, and BureauButterCrane (??) - Wise is on top for £5,000 (look at "Receipt gets" figures).

Revolut have no calculator to compare (which I dislike), but they have limits, and charge a premium on weekends. YMMV

TL;DR: Use Wise

Revolut is free and no fees at all for day to day plus you can trade and invest. If you use my link I'll split the 60 with you 30 30.

Join me and over 15 million users who love Revolut. Sign up with my link below: https://revolut.com/referral/liam6v5xy!FEB1-22-AR

The old version can be found here: https://www.docdroid.net/7pZGDPP/revenue-exchange-traded-funds-etfs-pdf#page=5

And it says, in a single paragraph:

>Acquisition of an EU ETF must be included on the Form 11 in the Foreign Income section as appropriate.

And that's all, no further details.

I read this book. The TL;DR is make an educated sum as a target and save towards that.

Educated Sum = How many holidays you want per year, the lifestyle you would want upon retirement, inflation etc.

I used to have a graduate account in AIB and it was mostly free for 2 years. N26N26 is a good alternative without any fees and many advantages for anyone below 26 years old.

https://play.google.com/store/apps/details?id=com.drcalculator.android.mortgage

If you're on Android, this app lets you easily see what the interest would be for a given loan amount/interest rate/term. Even shows on a monthly basis how much interest you'd be paying.