1Wk·

40€ thanks to Trade Republic Saveback

Since the beginning of June, I have been using the Trade Republic card for almost all payments in order to receive 1% cashback in the form of shares "for free". So far I've collected €40. On top of that I get another 100€ through round up. In contrast to Saveback, you pay this part yourself by rounding up card payments.

I have therefore invested a total of €140 in Hannover Re shares ($HNR1 (+0.53%) ). I would like to use the dividends to finance my vacation in the future :D

20 Comments

Soprano@Soprano

1Wk

Are you still investing properly or is this your entire financial plan to spend €4,000 every time so that €140 can be converted into shares?

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ynnxs@ynnxs

1Wk

@Soprano i recently moved house and therefore had higher expenses and, as i said, i pay almost everything except the rent by card. that adds up to quite a lot 😅

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Jarod@TradingHase

1Wk

Taking something on the side without having other disadvantages is not wrong, but TR is history due to the modest support and the BYD chaos. My depot is currently moving 😉

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ynnxs@ynnxs

1Wk

@TradingHase i am also dissatisfied and have already transferred a large part to N26. at TR i only have the savings plans that are not (yet) offered at N26. at TR the spread is always so big and you feel like you are 1-2% in the red immediately after executing the savings plan 🙈

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Jarod@TradingHase

1Wk

@ynnxs I have not actively observed a difference in the spread so far. I once compared a few shares with SC and the spreads were identical. I can't tell yet with Zero, I'm still testing.

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ynnxs@ynnxs

1Wk

@TradingHase at N26 the spread is apparently 0 because I once made a test trade. I bought Mastercard for €10 and sold it again immediately. I only paid 1 cent third-party costs when buying and another 1 cent when selling.

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Jarod@TradingHase

1Wk

@ynnxs I can hardly imagine that there is no spread. That would be traders paradise 😉

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ynnxs@ynnxs

1Wk

@TradingHase i think they earn more from banking fees than from investing. they advertise with "truly free investing"

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Jarod@TradingHase

1Wk

@ynnxs I'm curious, feel free to report again 👍🏼

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DTA@trade_commander_2498

1Wk

Am now at Round Up €1636 and Saveback €208 😁😀

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ynnxs@ynnxs

1Wk

@trade_commander_2498 Nice! I'll adjust the multiplier for the round up in the future too :)

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Daniel Lugo@Daniel_Lugo

1Wk

@trade_commander_2498 I have also set my round up to "10x". Shopping should hurt 😅 ... and the savings rate should be happy

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ashish J.@JaqenH

1Wk

Same here. Everything invested in $AVGO

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ynnxs@ynnxs

1Wk

@JaqenH nice 🚀

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Mh391@Mh391

1Wk

Include standing orders such as rent in the program.

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ynnxs@ynnxs

1Wk

@Mh391 unfortunately not. only "real" card payments, i.e. no transfers or money withdrawals 🙈

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Epi@Epi

1Wk

But it's still more of a short vacation. 😁

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ynnxs@ynnxs

1Wk

@Epi the dividend will be reinvested until there is a significant dividend income. this is only the result of 3 months so far and even with that i already exceed the savings rate of most people my age :)
when i have finished my studies and earn more i will increase my savings rate. then i can also increase the multiplier in the roundup, but if i were to do that now, the hanover return would make up too high a proportion ^^

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Epi@Epi

1Wk

@ynnxs Sounds like a plan.
However, comparing yourself with your peer group is not a good plan. 😬

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ynnxs@ynnxs

1Wk

@Epi i just wanted to explain why i don't invest more money. the peer group is relevant because income and starting capital can be very different ;)

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