2Yr·

🚀 Vanguard now offers direct custody accounts in Germany 🚀

@Vanguard is now slipping into the world of brokers, as they also teased here earlier. 87 funds and ETFs - all from Vanguard - are offered under the title "Vanguard Invest Direkt". These are bond funds, equity funds, as well as mixed funds.

Custody and savings plan fees are €0, with a €7 fee for one-time purchases and sales (trading from €25-100,000). Savings plans are available from €25 to €10,000.

Trading venue is Xetra. Running. 🌝

#news
#etf
#vanguard

37 Comments

Dontfearthemarket@Dontfearthemarket

2Yr

Phew quite expensive, with single purchases😬

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Lorena@Lorena

2Yr

@Dontfearthemarket cannot be compared with Neo Brokers, but certainly with classic direct banks.

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Dontfearthemarket@Dontfearthemarket

2Yr

@Lorena Yes, but it's not a direct bank. But clearly true for me but nix

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Gerit@Gerit

2Yr

@Dontfearthemarket

only for people without money.@Lorena buys yes also only by one-time purchases and is probably also at the other end of the 25€-100k€ 🙃

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Dontfearthemarket@Dontfearthemarket

2Yr

@Gerit Sorry that my poverty pisses you off😂😉

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matze1985@matze1985

2Yr

Well at higher volumes I find that not so bad

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Kevin E.@KevinE

2Yr

@matze1985 I also started investing after starting my career (2018). Due to the 10€ costs for each transaction, I only invested four-digit sums. Now I don't have tens of small sums in my portfolio that don't bring me anything anyway. I find that quite pleasant.

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Lorena@Lorena

2Yr

@KevinC ohja, goes me similarly :) one is also not so tempted

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Kevin E.@KevinE

2Yr

@Lorena In any case, I learned "back and forth" differently than many who could trade for 1€ or by flat rate 😀 Has all its advantages, during my studies, the 10€ fees would probably have been too expensive for me in relation to the investable sums. Since savings plans would have been the only option.

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Lucrash@KapriolenCapital

2Yr

I hope you had the Vanguard sweater on when writing, corporate identity and all.

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Lorena@Lorena

2Yr

@KapriolenCapital in mind 🙃

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Ned Flanders@DaemlicherFlanders

2Yr

I don't really see an advantage in this offer over the competition, but competition is good for business.

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Lorena@Lorena

2Yr

@DaemlicherFlanders so it is :)

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Felix@Felix12

2Yr

For all those who complain about the costs, I would like to put a few words from Helmut (Waikiki5800 on Instagram) from his story today to your heart. However, there is something on the stock market that is called psychology and there are many years of research that show that investors trade much more at low fees and thus usually hold shares much shorter and also commit significantly more wrong decisions in investments, because they can trade much more due to the low costs and then do so.

If we as investors were rational, these brokers would be the most ingenious invention, but then they would not survive because they would go bankrupt relatively quickly. These brokers have only one source of income and that is your fees. And therefore they seduce you to trade, so that they can survive at all. And since 95% of investors unfortunately do not think and act rationally, these brokers can pull your money out of your pocket.

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Tim@Tacticus

2Yr

Very cool that something new is tried and they set up more independent 👍 I also respect Vanguaard as a quite serious ETF provider. However, I do not share the cooperative vision. I for my part stand more on the side of the Deutsche Gesellschaft für Wertpapiersparen (DWS) with Xtrackers. Have also a few more ETFs, a total of 264, to choose from. 😁🤙 "Xtrackers was named "Fairest ETF Provider" by the German Institute for Service Quality in 2019, along with two other companies." Source: https://www.finanzen.net/ratgeber/xtrackers-test-erfahrungen

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Stirni@Stirni

2Yr

@General_T_Regnery If DWS launches a FTSE All-World ETF with a TER < 0.22%, I'm in. Otherwise it remains VG.

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How$y 🗽@Howsy

2Yr

You are paid by them!!11!1

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Lorena@Lorena

2Yr

@Howsy NOT YET 😏

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Herdd Berus@Herdd

2Yr

How much € did you get for the advertising? So as a brand ambassador ;)

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Robert@Iwant_money_423

2Yr

7€ for buying/selling one is just pretty expensive. Would interrssant to know what advantages / disadvantages exist, for example, compared to TR.

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BamBamInvest@BamBamInvest

2Yr

@Iwant_money_423 7 euros as expensive, then you should take a look around Austria. I find 7 euros for a larger investment still ridiculous 😁. We have no 0 Euro ETF's and 7 euros is also cheap with us Especially with a larger position, at least as far as tax-simple brokers are concerned 😂.

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Robert@Iwant_money_423

2Yr

@BamBam84 I had specifically made the reference to TR 😉 . That's really not great for you

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BamBamInvest@BamBamInvest

2Yr

@Iwant_money_423 you say it, but everything is relative , if I buy a position around 3000 euros , it does not really matter whether 1 euro or 10 euros pay. As long as it is not 5% 😂

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Nico@Nico06

2Yr

@Iwant_money_423 at Volksbank you pay at least 17€ per order and some even more than 40€.

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Robert@Iwant_money_423

2Yr

@Nico06 Whoever places even 1 order there is to blame. If brokers like TR or SC would not have 100,000 € deposit insurance, then I can understand that maybe still ... but everyone burns his money differently 🤷

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Nico@Nico06

2Yr

@Iwant_money_423 but I can't make a deposit with Tr and Sc yet because I'm 16

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Robert@Iwant_money_423

2Yr

@Nico06 at ING it should also be good 😉 there could be someone to open an account for you, which you then take over when you are 18

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Nico@Nico06

2Yr

@Iwant_money_423 but this is then deducted from my gift allowance

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Mister_ultra@Mister_ultra

2Yr

Unfortunately, offers no added value to normal banks, brokers or Neo-Broker in my eyes. Limited offer (only Vanguard) at the same or more expensive prices. It would be more interesting if you e.g. book at the end of a year each customer 10% of his shares purchased in that year in the deposit or similar. Then I would be there 😂

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Patrick@Philps8

2Yr

@Mister_ultra 🤣 or a profit share as a percentage of the securities account value 😁

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SquirtGame@SquirtGame

2Yr

More supply is always good

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Golden Boy@randomdude

2Yr

Addendum: The Financial Scene newsletter published the following on Friday:
"The potential implications of this breach of taboo are manifold. Even if Vanguard does not immediately roll up the German retail market (although this has already happened in the USA), the offer sets a price point that could make it more difficult for all the ING Dibas and Comdirects as well as Trade Republics to price their ETF savings plans more lucratively at some point. And what is striking anyway is that other US investment companies have now also positioned themselves in the German end customer market in one way or another. Blackrock as the anchor investor of Scalable Capital; Fidelity via its "Fidelity Wealth Expert" (which incorporated the robo remnants of N26 Invest, Vaamo and Moneyfarm); and now Vanguard. Incidentally, it is conceivable that the Americans are simply speculating on day X - namely the day on which the commission ban is introduced here in Germany (the idea has recently flared up again in Brussels)."

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Lorena@Lorena

2Yr

@randomdude Thank you!

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