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Old 15.11.2019, 13:02
spaghetti spaghetti is offline
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Re: DEGIRO stock broker: any thought?

I received the following notification from degiro:

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Reminder: change in compensation for the Money Market Funds
At DEGIRO, your unused money is automatically invested in a Money Market Fund (MMF) via a standing order. As we have previously informed you, we will be applying limits to the compensation of holdings in MMFs. Effective as of the 15th of November, you will only receive compensation up to CHF 3,000 in MMF holdings. For more information about the MMFs and the compensation policy, please click here.

Please note that the return for the FundShare CHF Money Market Fund is around -0.9% this year. If you do not choose to invest your money at this time, you can, of course, move it to your bank account. When the time is right, you can always deposit your funds back to your DEGIRO account.
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does it mean I shouldn't keep any uninvested money at degiro or else i'll lose 0.9% due to the negative return of MMF?
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