We've spoken about investing before on Better with Money but today we're honing in specifically on how to invest in the stock market. If you've been wondering how you can generate a passive income from your smartphone but wouldn't know an investment fund if it jumped up and bit you in the face, don't worry because neither does our host Aideen.
Today she speaks to The Irish Times' Fiona Reddan and CEO of the Trinity Student Managed Fund Senan Delargy about how to get started today with as little as €1 (you can do it via apps like Revolut or Davy Select) or take on less of the work by choosing life-wrapped funds where providers handle the taxes but charge higher fees.
Fiona breaks down the jargon and tax implications in plain English (33% capital gains tax on shares with a €1,270 annual allowance, 38% exit tax on funds, deemed disposal every eight years, and possible dividend withholding tax, alongside advisor allocation rates.) There are practical tips from Trinity undergrad Senan - who's investing journey began during Fresher's Week - like starting with products you know and basic stock analysis ideas.
This podcast is for information purposes only and does not constitute financial advice. Sure, tis a minefield, how could it!?
Presented by Aideen Finnegan. Produced by Declan Conlon and Aideen Finnegan.
The first of Fiona Reddan's eight week series on how to invest begins today in The Irish Times. Go to irishtimes.com/subscribe so you don't miss any.
You can listen back to our introduction to investing with @MrsSmartMoneyHQ Kel Galavan and our pensions deep dive with Irish Times deputy business editor Dominic Coyle.
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