HI Cormac, Thanks for reading 🙂 Unfortunately, Degiro don’t offer automatic investing in ETFs (though I couldn’t find an answer on auto investing in other vehicles), however, I think you could setup a standing order on your online banking to transfer the money to your Degiro account and then you could go in an invest from there. Also using accumulating ETFs will automatically reinvest your dividends so you’d only have to go in once a month to distribute your deposits. Interactive Brokers or Trading 212 may have auto invest options but I haven’t checked those out.

Is it possible to automate monthly deposits into portfolio on Degiro? I know fees are a lot cheaper on Degiro but was thinking could automate a lot easier in say a Davys or Goodbodys account. What are your thoughts here?

Love the blog, as someone starting out investing in Ireland. It has been brilliant

Hi Lukas, You could be right, I thought I remembered reading it somewhere but can’t seem to find the reference now. The best thing to do would be to confirm with Revenue directly. They are very good to come back with clear answers in my experience.

Hi Sarah, Thanks for reaching out. It’s funny, that question has been coming up a lot in a few of the forums I’m in and not something I’ve given a lot of thought to as I’m not heavily investing in Degiro just yet myself. I think it’s probably a safe approach to diversify investment brokers just as you do investment classes. Personally, I’d probably be ok with 100-200,000 in any one brokerage but might look at other solutions once I hit that number. Not basing that on any particular logic, just finger in the air based on my own risk profile.

Hey! Thanks for the feedback 🙂 Re: switching, unfortunately with ETFs you can’t carry forward any losses to use against future gains but for 32€ of a loss it’s small beans in the grand scheme of things. If you wait until they pick up and you have 32€ of taxes to pay on the dividends it will be much of a muchness. Also by having them in the accumulating version, you will also be benefiting from the compounding of any gains so without doing any comparative analysis if I were in your position I would personally make my life easier and make the switch now but totally down to your own research 🙂

Question about accumulating v distributing funds….

have 2 distributing funds in Degiro that I want to change to accumulating for tax reasons and I don’t need short-term dividends… I’ve lost only 32 euro between them ( and interestingly gained 140 euro on my 2 other accumulating funds)

Do you think I should just leave them until they pick up? Or sell and transfer into accumulating funds? Any thoughts appreciated (but not binding!)

VANG. FTSE ALL-WORLD UCITS
VANG. S&P 500 UCITS

Change to VWCE
Change to VUAA

Hi ya, Buying stocks in US companies are treated with 33% capital gains and marginal income tax rate on dividends. You may also need to file a WBEN8 form with your broker so that the US side does not withhold 30% of the dividends but rather 15%, this can be claimed as a credit against your tax liability on the Irish side. As far as I know, no stamp duty applies to ETFs only stocks. Different levels of stamp duty apply to Irish stocks (1%) vs UK (0.5%) for example