View Single Post
  #19  
Old 05.02.2020, 09:38
Phil_MCR's Avatar
Phil_MCR Phil_MCR is offline
Forum Legend
 
Join Date: Oct 2009
Location: Basel
Posts: 14,307
Groaned at 277 Times in 183 Posts
Thanked 17,718 Times in 7,479 Posts
Phil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond repute
Re: Yova - seeking online invest. insights

Quote:
View Post
To be fair: From 500'000 CHF Yova only takes 0.6 % per year. Yova is for people who care about how their money is used. And I tried out IB, itís completely unusable for a casual investor in my opinion. Truewealth on the other hand, has a good user interface.
IB desktop app is too complicated for a casual investor. but the mobile phone app is much simpler.

Competition and consolidation has made some of the traditional big names now very compelling e.g. with Schwab you now have no trading fees and a selection of zero fee ETFs to choose from, they are also implementing features such as fractional trading due to pressure from digital disruptors such as M1 and Robinhood.

IB also now has fractional trading and introduced IB Lite with zero fees to compete with the fintech distruptors.

Now you have the backing of a big traditional firm together with the excellent customer support together with zero-fees and some of the innovations of the fintech disruptors.

It's only a matter of time before the big names go from zero fee ETFs to paying you to put money in them.
__________________
By replying to this post, you hereby grant Phil_MCR a royalty-free license to use, in any way, anything posted by you on the internet. If you do not accept, stop using EF and delete your account.

Last edited by Phil_MCR; 05.02.2020 at 13:05.
Reply With Quote