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What are the advantages or differences compared to simple savings plans with Neo Brokers?
Since many users already have difficulties with German neo-brokers (e.g. with customer support or securities account transfers), I wonder how you rate the reliability, trustworthiness and security of a broker from Bulgaria?
Since many users already have difficulties with German neo-brokers (e.g. with customer support or securities account transfers), I wonder how you rate the reliability, trustworthiness and security of a broker from Bulgaria?
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@Iwamoto What does one have to do with the other? Incidentally, I have never had any problems with securities account transfers and I never actually need customer service. In the last 20 years I've had contact with customer service exactly twice. Once it was a mistake by the bank because of a dividend and once it was my own stupidity.
Yes, there is only deposit protection up to 20k. But I don't care because I don't plan to store large amounts of cash there anyway. So no problem. My shares are in the depositary, so if they go bust I still have access to my shares (logically only to the whole shares as half shares are not in the depositary. Incidentally, this is the case with every broker) ok, that's the risk I take.
I think they are trustworthy mam now has over 4.5 million customers (by comparison, scalable has around 1 million and around 10 million) and is one of the fastest growing fintechs. It should be clear that not everything always works 100% and that there are sometimes mistakes.
Now the advantages of a pie. I can automatically rebalance or the savings plans automatically adjust to my previously set target weighting. Then there is the fact that it is fortunately not yet tax simplified so that I can continue to work with the money for the time being. (I pay around 15-25k capital gains tax. If I let the money continue to run at 7%, that's about 1000€ more profit pa. I can divide my investments into pies which makes the whole thing much clearer.
Yes, there is only deposit protection up to 20k. But I don't care because I don't plan to store large amounts of cash there anyway. So no problem. My shares are in the depositary, so if they go bust I still have access to my shares (logically only to the whole shares as half shares are not in the depositary. Incidentally, this is the case with every broker) ok, that's the risk I take.
I think they are trustworthy mam now has over 4.5 million customers (by comparison, scalable has around 1 million and around 10 million) and is one of the fastest growing fintechs. It should be clear that not everything always works 100% and that there are sometimes mistakes.
Now the advantages of a pie. I can automatically rebalance or the savings plans automatically adjust to my previously set target weighting. Then there is the fact that it is fortunately not yet tax simplified so that I can continue to work with the money for the time being. (I pay around 15-25k capital gains tax. If I let the money continue to run at 7%, that's about 1000€ more profit pa. I can divide my investments into pies which makes the whole thing much clearer.
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@Iwamoto T212 is in "Bulgaria" more for tax reasons. They are one of the most popular brokers in the UK, and from my experience, with a great customer service.
(My main broker is IBKR)
(My main broker is IBKR)
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@fpena Freedom24 also stay in Cyprus for tax reason.
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@Iwamoto but Freedom24 has some background that I prefer to not "touch" it.
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@fpena oh why they also have offices at the NASDAQ and quoted on the NYSE
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@Iwamoto and? What is the relation?
Do you use Freedom24?
Do you use Freedom24?
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@fpena no because the people here say that is Dangerous. So 212 is also very dangerous
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@Iwamoto you do realize that you are pretty much the only one who considers 212 to be dangerous?!
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@Iwamoto well, that your understanding. I didn't say that they are "dangerous". You can use whatever you want
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@Hotte1909 This is not a personal attack. I understand that you may feel that way and will think about it.
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