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  #21  
Old 08.01.2021, 17:28
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Re: Where do you keep your stocks?

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In a jar in the kitchen cupboard (vegetable, chicken, beef, herb) - coat - get - out.
Where do I keep my socks?

It depends on whether itís before washing or after ...
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  #22  
Old 08.01.2021, 17:32
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Re: Where do you keep your stocks?

I think anyone who uses a Swiss trading platform are mad due to the steep annual and trading fees. Interactive Brokers are far cheaper and one of the best in the business worldwide.
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  #23  
Old 08.01.2021, 17:41
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Re: Where do you keep your stocks?

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For this kind of risky investments, which cryptocurrencies and stocks are, one needs a secure and reliable Swiss platform to get in and get out swiftly.
Respectfully, every part of that statement is false.

Cryptocurrency is not an investment. It's pure speculation. Investments are real assets that generate future streams of income.

A diversified basket of stocks has been proven to be less risky than bonds over the long term.

You can buy and sell stocks on Interactive Brokers in a matter of seconds, with market-leading execution, low bid-ask spreads and also trade outside of regular trading hours.
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  #24  
Old 08.01.2021, 17:42
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Re: Where do you keep your stocks?

Would you please elaborate on this? Probably they borrow your shares for somebody else anyway, so was thinking it is logical to have some specified limit for protected assets For example:

https://www1.interactivebrokers.com/...p?f=2334&p=acc

Client securities accounts at Interactive Brokers LLC are protected by the Securities Investor Protection Corporation ("SIPC") for a maximum coverage of $500,000 (with a cash sublimit of $250,000).

I was thinking if in my life this happens and I reach 500k, I would need to search for another broker to distribute holdings.


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Interactive Brokers. No custody fees and no maintenance fees for holdings above $100k equivalent.

The 100k secured that you are referring to I think you are mistaking for cash holdings. Equities are your property held in custody by your broker and are segregated from bankruptcy proceedings.
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  #25  
Old 08.01.2021, 17:55
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Re: Where do you keep your stocks?

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Would you please elaborate on this? Probably they borrow your shares for somebody else anyway, so was thinking it is logical to have some specified limit for protected assets For example:

https://www1.interactivebrokers.com/...p?f=2334&p=acc

Client securities accounts at Interactive Brokers LLC are protected by the Securities Investor Protection Corporation ("SIPC") for a maximum coverage of $500,000 (with a cash sublimit of $250,000).

I was thinking if in my life this happens and I reach 500k, I would need to search for another broker to distribute holdings.
You only took the first half of the sentence from that link. Here's the rest:

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and under Interactive Brokers LLC's excess SIPC policy with certain underwriters at Lloyd's of London for up to an additional $30 million (with a cash sublimit of $900,000) subject to an aggregate limit of $150 million. Futures and options on futures are not covered. As with all securities firms, this coverage provides protection against failure of a broker-dealer, not against loss of market value of securities.
I am not familiar with bankruptcy procedures but I think it's still possible irrespective of this protection that your securities are recoverable and could be transferred to another broker.

It is optional to allow IB to loan your shares for shorting purposes or otherwise and for this you are compensated. It is not an option I avail of myself however.
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  #26  
Old 08.01.2021, 17:59
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Re: Where do you keep your stocks?

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I think anyone who uses a Swiss trading platform are mad due to the steep annual and trading fees. Interactive Brokers are far cheaper and one of the best in the business worldwide.
Yet anyone who would like to sustain the local economy and the high salary levels, why is it mad to use the Swiss platform that drives the local economy?
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  #27  
Old 08.01.2021, 18:05
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Re: Where do you keep your stocks?

True, but second part of the sentence for me sounded fishy. For example:

"with certain underwriters at Lloyd's of London (Lloyd's of London is a world leader in the insurance industry)"

Anyway, I am far from 500k, so no need to worry for now


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You only took the first half of the sentence from that link. Here's the rest:



I am not familiar with bankruptcy procedures but I think it's still possible irrespective of this protection that your securities are recoverable and could be transferred to another broker.

It is optional to allow IB to loan your shares for shorting purposes or otherwise and for this you are compensated. It is not an option I avail of myself however.
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  #28  
Old 08.01.2021, 18:13
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Re: Where do you keep your stocks?

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Yet anyone who would like to sustain the local economy and the high salary levels, why is it mad to use the Swiss platform that drives the local economy?
I tell you what. You can move to Degiro or IB and just give the money you've saved to me. After all, Swissquote are based way out in Vaud, and I'm right here in Aargau therefore much more local.

I will send you my bank details.

In the real world Swiss salaries are high because there is Swiss employees add a lot of value. Swissquote are not adding value.
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  #29  
Old 08.01.2021, 18:21
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Re: Where do you keep your stocks?

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I tell you what. You can move to Degiro or IB and just give the money you've saved to me. After all, Swissquote are based way out in Vaud, and I'm right here in Aargau.

I will send you my bank details.

In the real world Swiss salaries are high because there is a lot of added value. Swissquote are not adding value.
You can TWINT me.

I’m not diminishing the other platforms IB or Schwab. I’m a patient long term investor in growth and dividend stocks who does not need to change platforms regularly, concerned about the fees.

They add value to their growing platform, product range available and customer service. They send you regular illustrated magazines about new trends amd investment ideas.

https://en.swissquote.com/forex/why-...ith-swissquote
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  #30  
Old 08.01.2021, 18:52
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Re: Where do you keep your stocks?

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Where do I keep my socks?

It depends on whether itís before washing or after ...
Oh good. I'm not the only one who keeps reading it as "Where do you keep your socks?"
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  #31  
Old 08.01.2021, 19:01
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Re: Where do you keep your stocks?

I still have all my investment accounts in the US (donít love Merrill, but I do love that I have free trades, no fees, and I can easily do everything on the mobile app). I also have a revolut account which Iím considering using for Crypto and Commodities. Swiss account fees have me running for the hills!!

Iím not aware that any country/bank guarantees/insures investment accounts, but if they do Iíd love to hear about it!
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  #32  
Old 08.01.2021, 19:01
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Re: Where do you keep your stocks?

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Would you please elaborate on this? Probably they borrow your shares for somebody else anyway, so was thinking it is logical to have some specified limit for protected assets For example:

https://www1.interactivebrokers.com/...p?f=2334&p=acc

Client securities accounts at Interactive Brokers LLC are protected by the Securities Investor Protection Corporation ("SIPC") for a maximum coverage of $500,000 (with a cash sublimit of $250,000).

I was thinking if in my life this happens and I reach 500k, I would need to search for another broker to distribute holdings.
i know peterffy and the timber hill / IB business pretty well. he'll be the last person to go bankrupt. don't worry....
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  #33  
Old 08.01.2021, 19:07
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Re: Where do you keep your stocks?

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I still have all my investment accounts in the US (don’t love Merrill, but I do love that I have free trades, no fees, and I can easily do everything on the mobile app). I also have a revolut account which I’m considering using for Crypto and Commodities. Swiss account fees have me running for the hills!!

I’m not aware that any country/bank guarantees/insures investment accounts, but if they do I’d love to hear about it!
much as i love revolut (i bought my house via revolut way back when they started!), i wouldn't use them for crypto. its a just a swap - they don't actually store real tokens for you. your counterparty risk is quite high and completely at odds with the whole concept of crypto.
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  #34  
Old 08.01.2021, 19:24
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Re: Where do you keep your stocks?

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i know peterffy and the timber hill / IB business pretty well. he'll be the last person to go bankrupt. don't worry....
Not surprised - I don't think they are as cheap as made out here. When I did the sums Degiro certainly came out as cheaper. But then Degiro fleece people on dividends a fair bit - and I don't own anything that gives a significant dividend.

Last edited by HickvonFrick; 08.01.2021 at 19:47.
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  #35  
Old 08.01.2021, 19:35
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Re: Where do you keep your stocks?

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Yet anyone who would like to sustain the local economy and the high salary levels, why is it mad to use the Swiss platform that drives the local economy?
Umm, yeah, sure. Whatever that's supposed to mean.
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  #36  
Old 08.01.2021, 20:09
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Re: Where do you keep your stocks?

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Yet anyone who would like to sustain the local economy and the high salary levels, why is it mad to use the Swiss platform that drives the local economy?
The reason I started this thread is that I walked into the most retail bank I could think of - ZKB - and read their brochure on the costs. Iím happy to pay a bit for Swissness, but their pricing is a magnitude away from what Iíd call acceptable. Told the advisor and he fully agreed. The provider doesnít have to be Swiss... I will go and compare it with Lux banks next week. I was surprised by it, but the banking there is in general massively cheaper. Simple example: more and more people use Revolut to save costs on currency exchange. Swiss banks response: shrugs shoulder... my Lux bank has adapted the pricing and letís me pick up CHF at their ATMs for the ECB reference course plus .95% spread. Thatís more than fair.
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  #37  
Old 08.01.2021, 20:12
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Re: Where do you keep your stocks?

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The reason I started this thread is that I walked into the most retail bank I could think of - ZKB - and read their brochure on the costs. Iím happy to pay a bit for Swissness, but their pricing is a magnitude away from what Iíd call acceptable. Told the advisor and he fully agreed. The provider doesnít have to be Swiss... I will go and compare it with Lux banks next week. I was surprised by it, but the banking there is in general massively cheaper. Simple example: more and more people use Revolut to save costs on currency exchange. Swiss banks response: shrugs shoulder... my Lux bank has adapted the pricing and letís me pick up CHF at their ATMs for the ECB reference course plus .95% spread. Thatís more than fair.
Just realized you are not in CH - not sure if Swissquote will let you open an account then.
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  #38  
Old 08.01.2021, 20:15
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Re: Where do you keep your stocks?

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The reason I started this thread is that I walked into the most retail bank I could think of - ZKB - and read their brochure on the costs. Iím happy to pay a bit for Swissness, but their pricing is a magnitude away from what Iíd call acceptable. Told the advisor and he fully agreed. The provider doesnít have to be Swiss... I will go and compare it with Lux banks next week. I was surprised by it, but the banking there is in general massively cheaper. Simple example: more and more people use Revolut to save costs on currency exchange. Swiss banks response: shrugs shoulder... my Lux bank has adapted the pricing and letís me pick up CHF at their ATMs for the ECB reference course plus .95% spread. Thatís more than fair.
in fairness so have UBS. i mentioned to them i was using revolut and they just changed some setting and now my UBS transfers are also right around spot. before that they charged 3% which is comparable to HSBC in the US.
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  #39  
Old 08.01.2021, 20:21
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Re: Where do you keep your stocks?

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The reason I started this thread is that I walked into the most retail bank I could think of - ZKB - and read their brochure on the costs. Iím happy to pay a bit for Swissness, but their pricing is a magnitude away from what Iíd call acceptable. Told the advisor and he fully agreed. The provider doesnít have to be Swiss... I will go and compare it with Lux banks next week. I was surprised by it, but the banking there is in general massively cheaper. Simple example: more and more people use Revolut to save costs on currency exchange. Swiss banks response: shrugs shoulder... my Lux bank has adapted the pricing and letís me pick up CHF at their ATMs for the ECB reference course plus .95% spread. Thatís more than fair.
The party may soon be over I reckon for banks in this respect. If you have a need to withdraw CHF from LU at an ATM then that's quite a specific need and 0.95% might be ok. On larger sums and with respect to currency conversions, that's actually a really high spread.

One of the great things about Interactive Brokers is that you can trade currencies at the interbank rate at a cost of $2. There is no spread.
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Old 08.01.2021, 20:34
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Re: Where do you keep your stocks?

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in fairness so have UBS. i mentioned to them i was using revolut and they just changed some setting and now my UBS transfers are also right around spot. before that they charged 3% which is comparable to HSBC in the US.
But you are paying an outrageous monthly sum to access their services in the first place. Why pay for basic banking?
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