Topic: Trading fees and strategy | Bank employees
Dear Getquin community
I hope you are doing well.
My career path has recently taken me to a bank.
This will now have an impact on my investment behavior as it is not allowed for us bank employees to trade through external brokers according to the guidelines.
Until now, I have traded my assets through Degiro and benefited from the favorable trading fees offered by online brokers. :)
My strategy there was to invest 10% of my income in securities (individual stocks, ETFs, REITs) every month, with a long-term investment horizon. Fees were usually not higher than ~CHF 10 per trade.
With my personal custody account at my employer's bank, I now pay per trade - despite staff conditions:
- Shares and ETFs traded in Switzerland: CHF 47.50
- Shares and ETFs traded on other markets: ~CHF 79
As you can see, this is significantly more expensive than with online brokers.
In this regard, I would like to get different opinions from the community here on how you would adjust your purchase interval in light of this. I was thinking about investing higher amounts at longer intervals instead of monthly, so that the higher transaction fees don't carry so much weight. Perhaps someone can share their own experiences?
I am very much looking forward to your feedback.
Many thanks in advance.
Have a nice day and happy Easter. :)
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