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  #21  
Old 05.12.2019, 10:05
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Re: Buy & hold shares - which broker?

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Have you tried https://robinhood.com ?
plus robinhood has a bug which allows you to get infinite leverage!
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  #22  
Old 05.12.2019, 13:09
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Re: Buy & hold shares - which broker?

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- I use InteractiveBrokers but you'll be charged fees if you have a small net asset value. Degiro or Schwab could be good options.
Maintenance fees are really minuscule, considering currency exchange (2USD) and trading (0.33USD) fees, and they (10USD/month) get offset with those trading fees.
Once you reach 100k they float away too.
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  #23  
Old 05.12.2019, 14:02
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Re: Buy & hold shares - which broker?

Interactive Brokers
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  #24  
Old 05.12.2019, 17:05
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Re: Buy & hold shares - which broker?

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Schwab - no annual charges
If your primary address is in the USA, otherwise 25k min to open an account
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  #25  
Old 05.12.2019, 18:41
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Re: Buy & hold shares - which broker?

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Have you tried https://robinhood.com ?

To the original poster, 5k / month starts to add up quickly if you are disciplined.

May want to go down the ETF path first though. Stock picking is not easy...
Who gets to be the poor guy & who is the rich one?
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  #26  
Old 06.12.2019, 14:17
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Re: Buy & hold shares - which broker?

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Have you tried https://robinhood.com ?

To the original poster, 5k / month starts to add up quickly if you are disciplined.

May want to go down the ETF path first though. Stock picking is not easy...
They would need to use a VPN to sign up (America only)/

Just read this on the homepage: "Sorry! We’re not currently able to accept applications from outside the United States."
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  #27  
Old 06.12.2019, 15:59
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Re: Buy & hold shares - which broker?

Hi,

Great thread. Thanks, anybody.

I'm looking for an option with the choice of immediate (and costless) withdrawal (as much as possible). Does PostFinance or any other of them provide that?

Thanks
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  #28  
Old 07.12.2019, 20:25
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Re: Buy & hold shares - which broker?

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Who gets to be the poor guy & who is the rich one?
It's all relative...
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  #29  
Old 08.12.2019, 20:40
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Re: Buy & hold shares - which broker?

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I'm thinking of investing some money in shares with the intention to hold them for a couple years (buy & hold). I'm mostly interested in tech companies (e.g. microsoft) and of course i'm planning to start really small (~5k), while i learn more about the stock exchange.

- is SwissQuote still a good online broker for CH and for beginners like me (because i've seen International Brokers also recommended, but only for experienced people)?

- alternative recommended brokers?

- do these companies also take care or provide assistance for proper tax declaration? if yes, for free or not?

- do they provide consultation on what to invest? if yes, for free or not?

Thanks in advance for the tips!
My 2 cents:

If you are still learning about stocks, I would strongly advise you to start with mock investment platforms and simulations. Plenty of these available, e.g. Interactive Brokers offers a simulation, WallStreetOasis too I think.

If you insist on putting your savings into something you are still to learn about, then I'd advise first investing into broad indices (i.e. entire markets) as opposed to specific parts of markets, like tech, or even companies, like Microsoft

SwissQuote very expensive, popular laternatives have been mentioned on this thread - InteractiveBrokers, Degiro, Schwab.

Swiss banks offer trading too but I suspect in addition to high disclosed costs, you may suffer from a lot of hidden fees.

I hope this helps and good luck!
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  #30  
Old 09.12.2019, 03:05
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Re: Buy & hold shares - which broker?

Fees can be negotiated with your (Swiss) bank.

Of course, it depends on your ehmmm bargaining power.

Just keep in mind that those wealth managers are all measured on how much assets they pull in each year. They're keen to get their metrics up. Make them sweat for it.
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  #31  
Old 09.12.2019, 10:10
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Re: Buy & hold shares - which broker?

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My 2 cents:

If you are still learning about stocks, I would strongly advise you to start with mock investment platforms and simulations. Plenty of these available, e.g. Interactive Brokers offers a simulation, WallStreetOasis too I think.
I'd say the opposite, start early, start small, start with real money. When you're young and have less money, the stock market lessons are cheaper
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  #32  
Old 09.12.2019, 10:21
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Re: Buy & hold shares - which broker?

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Fees can be negotiated with your (Swiss) bank.

Of course, it depends on your ehmmm bargaining power.

Just keep in mind that those wealth managers are all measured on how much assets they pull in each year. They're keen to get their metrics up. Make them sweat for it.
The thing is that if you have sufficient assets to be in a position to negotiate fees or influence AUM, you are unlikely to be seeking advice on this thread.
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  #33  
Old 09.12.2019, 10:23
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Re: Buy & hold shares - which broker?

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The thing is that if you have sufficient assets to be in a position to negotiate fees or influence AUM, you are unlikely to be seeking advice on this thread.
You over (?) estimate some people
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  #34  
Old 14.01.2020, 12:45
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Re: Buy & hold shares - which broker?

Hi,

I am in the same boat, and after some research have narrowed it down to Schwab or International Brokers (both highly recommended by Investopedia and allows non-US citizens to open an account).

I am a little confused by the taxes involved. From what I have read, I will be taxed 30% on dividends from US companies but I can claim 15% back. How exactly does that work when I am taxed at source and so I don`t do my own taxes?

I understand I will not be taxed in Switzerland on capital gains, does that also imply I will not have to pay short-term capital gains taxes?

Would you agree that being a Swiss resident is a huge benefit when investing in the US and using a US brokerage since we are not taxed on capital gains (long or short term), or am I missing something? Is there anything else that eats into potential gains?

Thanks
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