Can i ask how do you protect yourself from any of the brokers you use go bankrupt. Do you ever think about that? How can you sleep knowing that all you have is numbers on a screen and not something you can grab or touch.
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@Mrap_ , brokers are regulated ;)
The magic word is segregated accounts: https://en.wikipedia.org/wiki/Security_segregation
I split my assets only between 2 brokers.
The magic word is segregated accounts: https://en.wikipedia.org/wiki/Security_segregation
I split my assets only between 2 brokers.
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@Cyprus-Founder Shares and ETFs are each special assets belonging exclusively to me - these investments have nothing to do with the broker - but I am even with 2 different brokers - Flatex and Traderepublic. But even if, in the very unlikely event, these brokers were to go bankrupt, my securities and ETFs would still be considered exclusively my assets and would not fall within the bankruptcy estate of these companies. I am also somewhat protected by the brokers with regard to the smaller amount of cash assets that I currently have, as there is a state-guaranteed deposit guarantee up to an amount of EUR 100,000 - at least in Austria - so that this money is also protected.
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•@Baer ok understand. In my country im only protected to 20k so i need to have the money distributed between many brokers sadly.
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@Mrap_ this only accounts for cash on the broker. You can always invest the cash above the insured amount into bonds/ etf investing into bonds. Makes it usually the better option because you will always get market rate.
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