Financial Channel

Hi,

Has anyone invested with RaboDirect? I am new to investing and thinking of investing with them.

Any advice?

Thanks.

Bear in mind that you will be responsible for doing your own taxes when you encash your investment. But I do like (and invest in) a number of the funds they offer. Plenty of other threads on Rabo to be found around here.

The interest rates quoted are definitely attractive looking.

- Figure out how long you are going to invest for.

- Figure out whether you need access to the money while it is invested.

- Read the fine print.

- (Perhaps) Get professional advice.

Just to clarify my previous post. when you said invest I assumed you meant investing in Rabo funds, in which case you have to do your own tax return. If you're just using their savings account then they take care of all the taxes (i.e. DIRT).