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RandyMarsh

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RandyMarsh last won the day on February 14 2022

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  1. Thanks Anda I spoke to someone very helpful from IG (possibly @miroslaw) and have all the information I need. Thank you. Randy
  2. I am looking to use spread betting to invest long-term in a financial market like the US 500 instead of investing directly in an EFT to avoid tax (which in Ireland is 41%). I am looking to do this without using leverage i.e. bet what I can afford to lose (always keeping my deposits matching my notional value). What risks apart from market fluctuations are there? If I bet in futures (force open) (not daily DFB), will that market always remain open and liquid? Is there any concern with counter-party risk with IG? I would look to re-invest profits and additional savings on a regular basis (maybe 6 months) by closing the position and opening a new trade. The reason for this is the minimum bet might be too high in notional value to simply make an additional bet on top of the open one. Is there anything I need to be cognisant of here?
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