7H·

Tested and simply put the cheaper broker

I briefly looked into the setup and trading, and you can say: It's just another broker with advantages and disadvantages. One advantage is the 24/5 trading and at 3 a.m. many shares can be traded with a spread of just 2 cents.

That's not even the prime-time ask/bid spread in Germany, at least for stocks like Amazon, Robinhood and co. So they are modern and cheap.

Potential disadvantages: The shares are stored and cleared in the USA and are therefore not bound by European rules. In addition, tokenized shares are not tax-simple, like almost everything in crypto. However, this can also be an advantage for some people. With tax apps, you pay your taxes a little later and at the same time the tax situation there is still pretty gray. On the one hand, tokenized shares should be treated like shares, but at the same time they are crypto-derivatives and therefore also valid for the one-year tax-free sale. For some people, there are also US ETFs to trade there, such as $SCHD or $VUG (-1,21 %) . Maybe for people like @GoDividend what or @ScorpionfromBW .

ThemenmitKopf

@topicswithhead

1J·

Robin hood

Today was $HOOD (-4 %) EU event and it's cool what they are launching. They don't seem to want to go away from brokers but want to go straight for crypto. Pretty bullish in the long term, but it remains to be seen how customers will react. Hopefully the neobrokers in the EU won't lose too many customers.

I am brutally curious to see how blockchain and shares will develop in the future. Perhaps we will see the first official IPO via blockchain in the next few years. I signed up for the rewards and to check out how it works.

https://newsroom.aboutrobinhood.com/robinhood-launches-stock-tokens-reveals-layer-2-blockchain-and-expands-crypto-suite-in-eu-and-us-with-perpetual-futures-and-staking/

newsroom.aboutrobinhood.comRobinhood Launches Stock Tokens, Reveals Layer 2 Blockchain, and Expands Crypto Suite in EU and US with Perpetual Futures and Staking - Robinhood Newsroom

9 Commentaires

Steffen@Maveric2005

the question with tokenized shares and etfs is, of course, how secure is the whole thing? Can it happen in the event of a "hack" that the tokens are "stolen" from the exchange and then no longer belong to you? For tax purposes, security tokens are not regarded as crypto but as securities in accordance with § 20 EStG. If robinhood now simplifies taxes and pays them itself, that could be a big deal.

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ThemenmitKopf@topicswithhead

@Maveric2005 Not really. They will have complied with the natural security measures, the blockchain leaves traces and the real shares will still be with a broker, which is why you should be able to get back to them quite quickly with support. Apart from that, you can't transfer the current tokens yet, so it's useless to try this at the moment. Later is a different matter. They are only in phase 1 of 3 and at 3 everything runs via their blockchain and can then be transferred from broker to broker within seconds. Dividends are paid out as money as normal. Splits lead to more tokens etc.

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Steffen@Maveric2005

All right. Then there's just the tax simplicity. The reduced spreads are naturally nice.

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TomTurboInvest@TomTurboInvest

Absolutely uninteresting in Austria, for example - no serious offer 🤷🏽‍♂️

Positive first - access to the US market for 1€ and no order fee, only 0.1% FX fee

But, no ownership of real shares, only price mapping; no special assets, total loss possible (issuer risk); taxation according to income tax rate, not just 27.5% capital gains tax

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ThemenmitKopf@topicswithhead

@TomTurboInvest is of course stupid. The issuer risk should later expire in part, due to the fact that the tokens then become tardeable across brokers and therefore basically only the blockchain has to remain active. The broker then just has to offer it. Special assets are of course stupid, I have no idea whether this is the case in Germany and the tax is catastrophic. It doesn't have to be something for everyone, not even for me, but there are a few interesting things. The US ETFs are cool and I mainly used them for the rewards and loaded a few euros of crypto onto them for testing

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TomTurboInvest@TomTurboInvest

@topicswithhead In Austria, unfortunately, the taxation is stupid, which makes it uninteresting with a halfway decent income, then you lose 50% 😭

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ThemenmitKopf@topicswithhead

@TomTurboInvest Germany is not much better, especially as it gets worse and worse.

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devnerd_daddy@devnerd_daddy

An absolute no-go. Tokens are most likely not special assets. Order fees are also low for TR and SC and there is no tax problem. I would generally be skeptical about such unregulated stuff, especially if there is no added value.

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ThemenmitKopf@topicswithhead

6Min

@devnerd_daddy doesn't have to be for everyone, but the spread here is much more favorable. Above all, it is still a crypto app and should be seen as such. It's work and progress and you shouldn't see everything so negatively. No added value is a bit harsh, just because you don't like crypto doesn't mean it's useless

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