Starting with IBKR

It makes sense doing it step-by-step, no need to rush.

But I am not sure it makes sense to wait. You are simply transferring assets from one "container" to another. You will not be out of the market for long, no?
 
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It makes sense doing it step-by-step, no need to rush.

But I am not sure it makes sense to wait. You are simply transferring assets from one "container" to another. You will not be out of the market for long, no?
Correct, I don't think I would like to be "out of the market" with +200k just sitting around in an account without any interests.
Maybe it's me being a newbie at this, but it sucks to see that 10 days ago I had like around 210k and now I just got 205k... I feel like I'm trying to "time the market", whereas I think I've understood that I should rather "time in the market". So basically: if I request to close all my positions now, I would still take home a surplus of ca. 15k (compared to the 19k of 10 days ago). I think the more experienced people in the world of finance are able to not think about the few k they lost last week and move on with their plan: moving away from UBS - right? :cool:
 
I think the more experienced people in the world of finance are able to not think about the few k they lost last week and move on with their plan: moving away from UBS - right? :cool:
We currently have a correction on the stock market. VT went down last week as well. By changing to VT you are not starting to invest in totally different underlying stocks, which would go up when your UBS stock funds go down, so that you would have a loss when changing between them. You are changing between trains which simultaneously go in the same direction.

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As @Max said, if you are investing passively, the drop will be the same before and after the move. The recovery should also be the same (minus the fees).

Very nice analogy with the trains.
 
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Thank you both, @Max and @Baptiste Wicht - in fact I think I was looking at the drop in my surplus at UBS in terms of "withdrawing the money I made on top of my investments". But this is wrong, as I'm investing long-term and the money is not really mine until I decide to withdraw it (I like to think of investments this way).

And yes: the analogy with the trains is very helpful (at least to me - I'm a graphical person and I often need to be able to visualise what's being explained to me and numbers are for sure not the easiest thing to visualise :cool:).
 
How can I find out about margin requirements on IB? I currently have VT and CHSPI in my portfolio at IB. Is there a way to see if CHSPI adds to my margin line at IB? I might want to use a margin loan at IB at some time. If CHSPI can help me increase this margin, I'll happily have CHSPI at IB. If not, I'm thinking of keeping my CHSPI position at Degiro (trading fees for CHSPI at Degiro are slightyl cheaper, plus this gives me a diversification of brokers).
 
How can I find out about margin requirements on IB? I currently have VT and CHSPI in my portfolio at IB. Is there a way to see if CHSPI adds to my margin line at IB? I might want to use a margin loan at IB at some time. If CHSPI can help me increase this margin, I'll happily have CHSPI at IB. If not, I'm thinking of keeping my CHSPI position at Degiro (trading fees for CHSPI at Degiro are slightyl cheaper, plus this gives me a diversification of brokers).
Are you only interested in a margin loan or also in trading on margin (leverage or short selling)?

For a margin loan, the more equities you have, the more margin loan you can have and CHSPI will increase that margin.

You can look at the margin requirements here:


But it's pretty complicated.
 
Are you only interested in a margin loan or also in trading on margin (leverage or short selling)?
My interest is to potentially take a margin loan to buy home if there is an opportunity.
For a margin loan, the more equities you have, the more margin loan you can have and CHSPI will increase that margin.
That's great info, thanks!

You can look at the margin requirements here:
Hm, I somehow searched, but never came across this site. Thanks a lot!
 
I have placed a support ticket at IB for this question one month ago but received no answer.

I want to enter a limit order to convert my existing EUR balance (EUR 3,377) into USD.

The attached screenshot shows a preview of my order.

What is unclear to me: I have 3,377 EUR in my account. Why does the current position balance show a '0? How can I ensure that my EUR account will be debited for this forex transaction?
 

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Your conversion seems right. But with Forex pairs, the position is kinda weird. Why don't you use the convert currency feature? That will avoid any possible misuses of Forex.

Otherwise, I also find that using a buy order for USD.EUR makes it more comprehensible.
 
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