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Old 08.01.2021, 10:50
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Where do you keep your stocks?

I looked into the pricing of basic withholding accounts at Swiss banks. We need one for a decent amount of very standard blue chip stocks. I’d prefer something in a Swiss bank and not some banana republic to have at least the first 100k secured...

Prices are silly high with the normal retail banks. What do you use?
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Old 08.01.2021, 10:56
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Re: Where do you keep your stocks?

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I looked into the pricing of basic withholding accounts at Swiss banks. We need one for a decent amount of very standard blue chip stocks. I’d prefer something in a Swiss bank and not some banana republic to have at least the first 100k secured...

Prices are silly high with the normal retail banks. What do you use?
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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Old 08.01.2021, 12:35
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Re: Where do you keep your stocks?

In a jar in the kitchen cupboard (vegetable, chicken, beef, herb) - coat - get - out.
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Old 08.01.2021, 12:36
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Re: Where do you keep your stocks?

In the town square for all the peasants who annoy me.
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Old 08.01.2021, 13:09
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Re: Where do you keep your stocks?

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In the town square for all the peasants who annoy me.
Had to give thanks to that one as it made me laugh, thank you
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Old 08.01.2021, 14:14
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Re: Where do you keep your stocks?

SwissQuote. Very satisfied with it so far (a bit over a year now).
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Old 08.01.2021, 14:17
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Re: Where do you keep your stocks?

Swissquote also. They are a bit rigid depending on what you need to transfer in but I guess all are these days.

With whoever you go, negotiate ahead some sort of compensation for covering the transfer costs you incur.

K
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Old 08.01.2021, 14:35
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Re: Where do you keep your stocks?

Assuming you don’t want to trade:

15 years ago I needed to place a block of shares as a long term investment, collecting dividends as they came around.

My bank (ZKB) quoted an annual fee of over CHF1000! I asked what I got for that and they said “security”. I said the security is in the shares not the bank.

Swissquote charge CHF200 a year - and should the need arise I can easily sell them within a minute or two. Dividends are paid promptly and paperwork for tax returns supplied to reclaim withholding tax.

Swissquote charge CHF2.- for transferring cash out even when done electronically...
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  #9  
Old 08.01.2021, 14:48
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Re: Where do you keep your stocks?

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Assuming you don’t want to trade:

15 years ago I needed to place a block of shares as a long term investment, collecting dividends as they came around.

My bank (ZKB) quoted an annual fee of over CHF1000! I asked what I got for that and they said “security”. I said the security is in the shares not the bank.

Swissquote charge CHF200 a year - and should the need arise I can easily sell them within a minute or two. Dividends are paid promptly and paperwork for tax returns supplied to reclaim withholding tax.

Swissquote charge CHF2.- for transferring cash out even when done electronically...
Yeah moved all my stuff out of UBS for same reason and because of the same answer
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Old 08.01.2021, 15:08
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Re: Where do you keep your stocks?

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Assuming you don’t want to trade:

15 years ago I needed to place a block of shares as a long term investment, collecting dividends as they came around.

My bank (ZKB) quoted an annual fee of over CHF1000! I asked what I got for that and they said “security”. I said the security is in the shares not the bank.

Swissquote charge CHF200 a year - and should the need arise I can easily sell them within a minute or two. Dividends are paid promptly and paperwork for tax returns supplied to reclaim withholding tax.

Swissquote charge CHF2.- for transferring cash out even when done electronically...
I moved mine out of Swissquote due to fees. I moved to PostFinance and then Schwab and then IB.

For your situation, I'd look into Fidelity, Schwab, IB even if some of them are in the banana republic of the USA
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Old 08.01.2021, 15:18
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Re: Where do you keep your stocks?

IB is the way to go.
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Old 08.01.2021, 15:35
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Re: Where do you keep your stocks?

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I looked into the pricing of basic withholding accounts at Swiss banks. We need one for a decent amount of very standard blue chip stocks. I’d prefer something in a Swiss bank and not some banana republic to have at least the first 100k secured...

Prices are silly high with the normal retail banks. What do you use?
Degiro (Dutch). Degiro or IB is the only rational option tbh. Why would you prefer a Swiss provider?

What you mean "secured" - that's normally only the case for cash deposits.
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Old 08.01.2021, 15:43
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Re: Where do you keep your stocks?

Have a look at Corner Bank.
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Old 08.01.2021, 15:52
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Re: Where do you keep your stocks?

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SwissQuote. Very satisfied with it so far (a bit over a year now).
I like Swissquote for their relatively easy management system and security, transparency.

For instance, just got informed about corporate action against SNAP for investors who purchased shares on IPO in March of 2017.

The other day, after liquidation of ALTABA, also got proceedings.

All the transaction documents and certificates for tax purposes easily available.
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Old 08.01.2021, 16:02
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Re: Where do you keep your stocks?

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I like Swissquote for their relatively easy management system and security, transparency.

For instance, just got informed about corporate action against SNAP for investors who purchased shares on IPO in March of 2017.

The other day, after liquidation of ALTABA, also got proceedings.

All the transaction documents and certificates for tax purposes easily available.
At a huge price.
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Old 08.01.2021, 16:09
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Re: Where do you keep your stocks?

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At a huge price.
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.
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Old 08.01.2021, 16:25
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Re: Where do you keep your stocks?

Trading212... no custody fee even under $100,000 so you could start small and see if you like it. You can hold your "base currency" in CHF, USD or GBP. No FX charges.

I found it far cheaper than IB for under $100,000 portfolio; and Trading 212 actually use the IB backend systems so are quick and safe.

For comparison see: https://www.daytrading.com/trading21...active-brokers
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Old 08.01.2021, 16:26
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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.
I can sell my stocks within about 20 seconds of getting my phone out of my pocket.

Not really sure why you'd think "Swiss" would necessarily be more reliable or speedy. The adjective that comes to mind when I see that word is "expensive".

Last edited by HickvonFrick; 08.01.2021 at 16:52.
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Old 08.01.2021, 16:44
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Re: Where do you keep your stocks?

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Trading212... no custody fee even under $100,000 so you could start small and see if you like it. You can hold your "base currency" in CHF, USD or GBP. No FX charges.

I found it far cheaper than IB for under $100,000 portfolio; and Trading 212 actually use the IB backend systems so are quick and safe.

For comparison see: https://www.daytrading.com/trading21...active-brokers
Why does it say "high forex" fees on brookerchoser then?

https://brokerchooser.com/compare/degiro-vs-trading-212
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Old 08.01.2021, 17:00
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Re: Where do you keep your stocks?

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Why does it say "high forex" fees on brookerchoser then?
https://brokerchooser.com/compare/degiro-vs-trading-212
The same site you mention also states Trading 212 fees are low:

https://brokerchooser.com/broker-rev...ading-212-fees

I think the discrepancy is using a CFD account in which case yep, steer clear. But the OP was talking about stocks so I referred to the Trading 212 Trading account (not CFD).

Say you want to invest in US stocks, hold your base currency in USD and there is no charge...
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