Still waiting for it, not available yet in XTB. Do you think $WIRE is a good addition for someone with an ETF strategy and zero exposure to the energy sector atm? or there are other alternatives? or is better to pick 1-2 solid stocks?
•
11
•
@emppsb don’t use XTB (this Cyprus based shady company), that’s for some “young bros”. Use what the serious investors use like Interactive Broker, ING, or just your Banks Stockmarket services.
•
11
•@TechNav yeap im thinking about transferring my wallet to interactive brokers but im a bit afraid for the bureaucracy
••
@emppsb you don’t need to actually transfer your entire portfolio. You can just start investing in IBKR.
I personally find the wire ETF as a good addition to the sector, it’s not a pure energy play, more an industrial sector play. Picking 1-2 individual stocks is for me too much risk.
I personally find the wire ETF as a good addition to the sector, it’s not a pure energy play, more an industrial sector play. Picking 1-2 individual stocks is for me too much risk.
•
11
•@TechNav Yes, that’s what I thought too. I can leave what I have there and start doing DCA on Interactive Brokers over the next few months. I also have an account with Trading212, where I have a small portfolio with my girlfriend.
•
11
•@TechNav I don't think there are any other other alternatives to this ETF, at least solid ones related to energy
•
11
•@TechNav If you had no exposure to energy, how would you start today? I took a look at Siemens and Schneider, but by my calculations, they seem expensive right now. Maybe GE Vernova? Bloom? Iren? Would like to have your input
••
@emppsb you need to differentiate energy from industry. Energy is Exxon Mobile, Chevron etc.
•
11
•@TechNav Sorry, I didn’t explain myself properly. I definitely don’t mean energy companies like Exxon or Chevron. I’m referring to companies like GE Vernova, Bloom Energy, etc.
••
@TechNav Actually, XTB is a fully regulated Polish brokerage house listed on the Warsaw Stock Exchange and supervised by the KNF (Polish Financial Supervision Authority). It is trustworthy enough to provide tax-advantaged accounts like IKE/IKZE in Poland and ISA/SIPP in the UK. No shady offshore entity would ever be allowed to integrate with European government-backed retirement systems like that…
•
11
•@asset_guru_542 They maintain a significant regional entity in Cyprus (XTB Limited Cyprus), regulated by the Cyprus Securities and Exchange Commission (They are a Joke!). They frequently use this Cyprus branch to onboard and serve clients from various other EU countries, and they even utilize it to launch specific products (like spot crypto and stock options) across Europe when domestic Polish legislation hits roadblocks. IF they would be Legit they wouldn’t operate through Cyprus. I wouldn’t trust them with my money.
•
11
•