Best broker for long term investment?

[resjudicata]

@2people1marriage Interactive Brokers is the way almost for everyone I think. No maintaining fees, no commissions for withdrawing or depositing money, pretty good mobile apps

 

[gac5070]

@2people1marriage Swissquote or Yuh

 

[donkick]

@2people1marriage Yuh

 

[kajiki]

@donkick Buying small amounts might be reasonable.
However.. did you realize the fee for selling later, let’s say a five digit amount?
Just checked: selling a 15k etf is more than 100.-

Even SQ is way cheaper from my point of view.

 

[bordogamesdev]

@2people1marriage Swissquote is very expensive, and if you want to trade options, they will give you structured products from vontobel that tracks the listed products... IBKR is fsr cheaper, more products, and DMA.

 

[stormandfury]

@2people1marriage My paid whatsapp group

 

[sadnlost]

@2people1marriage Selma?

 

[jimbigheart]

@2people1marriage Raiffeisen Rio

 

[faith2hope]

@jimbigheart High fees and very limited product range.

 

[revmo]

@2people1marriage Try PostFinance for these amounts

 

[barcosmo]

@revmo Their fees are insane, at least when I used them a few years ago. Just use Degiro or IBKR.

 

[ifeadi]

@barcosmo can confirm, insane fees!

 

[mandofett]

@2people1marriage IB

 

[coreopsis]

@2people1marriage I use Degiro and am happy with it

 

[elliot123]

@coreopsis Same here. Cannot invest in VT though, which appears to be everyone’s favourite, but still happy with Degiro at the moment.

 

[faith2hope]

@elliot123 Just invest in VWRL instead. Ok, VT has lower fees, but you pay higher witholding taxes on the distribution as VT is US-domiciled.

I explain that in more detail:
- When a security is domiciled in the US, then you pay 30% witholding tax on the distribution. On a distribution of 2% that makes 0.6% taxes
- When a security is domiciled in Ireland, then you only pay 15% witholding tax. That makes taxes of 0,3%.
- When an ETF is domiciled in Ireland and synthetic you pay no witholding taxes.

Result:
- The difference in management fees BEFORE taxes is 0,15% in favor of VT. (VT: 0,07% / VWRL: 0,22%).
- The difference in fees AFTER taxes is approximately 0,15% in favor of VWRL. (VT: 0,67% / VWRL: 0,52%).

(For simplicity, the distribution was rounded to 2% for both securities)

 

[elliot123]

@faith2hope Thanks for the breakdown! That is actually my current strategy. I am thinking about adding a home bias or small caps to VWRL in the future with a second ETF.

 

[faith2hope]

@elliot123 To implement a home bias i would go for the SLI (30 largest companies) to avoid a too high weight on Nestlé, Novartis and Roche. The weights are capped at 9%.

 

[ardentbeliever]

@2people1marriage Cornertrade is Good too

 

[christhomas2]

@ardentbeliever Seriously? Worst company my pal ever had the misfortune of doing business with. They charged double withholding tax on US stocks even he filled out all the paperwork correctly, they charged 20-100 times what IB does for currency exchange and broke almost any promise they made. They sent misleading information about US ETFs stating they are no longer allowed for Swiss citizen (which is simply a lie). Many types of transactions can only be done via phone(!). Opening an account took months.

Wouldn't touch them with gloves.