Author Topic: Investing from Portugal - Where and how?  (Read 810 times)

shaunmza

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Investing from Portugal - Where and how?
« on: July 19, 2016, 02:45:16 PM »
I have recently moved to Portugal from South Africa, having spent a bit of time trying to find information on what is available I must admit I am a bit lost.

I still have some money in SA where investing in ETF's was dead easy (but I did not as I was moving).
I am considering moving the money to Portugal, but am having trouble figuring out who I should use and what is worth investing in.

In SA ETF's generally did very well, in Portugal they seem to have been on a downward trend for a while.

So question 1;
Who do you use to invest?

Question 2;
Can you invest in ETF's in other EU countries, if so what have you invested in?

Question 3;
I have money in SA earning 7.25%, which is simply unattainable in Portugal. BUT a slightly weaker Rand would wipe out a years interest value in an instant. Would you bring the money to the EU, or leave it in SA (where interest rates look to remain the same if not increase in the next year)


larmando

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Re: Investing from Portugal - Where and how?
« Reply #1 on: July 22, 2016, 08:30:18 AM »
In general in Europe you can find a broker and invest in a taxable account. Taxes vary by country but mostly you'll find a similar range of etfs traded on the local exchanges and easy access to other European exchanges (London, for now, Frankfurt, etc).

The reason the interest rate is higher in South Africa and also etfs do much better is that there is a higher inflation and the rand loses value. I would not worry about that but also not keep money in a currency which is not the one i need to spend in.