Thanks for sharing, it's good to know!
What broker do you use?
- Thread starter Baptiste Wicht
- Start date
Unfortunately, I don't have much information either
My guess is that it will be a robo-advisor with low fee funds.
I don't have a suggestion for you, but rather a follow-up question: Why EU bonds as a Swiss resident? These EU bonds will be in EUR and will add currency exchange risk. Since bonds are generally for safe investments, it makes little sense to have them in a different currency in my opinion.
Thanks for the feedback Baptiste, your consideration make a lot of sense.
Actually I have CHF currently available to be invested but after a bit of research i haven't found any decent options for Fixed Income instruments in CHF, hence i start to look into EUR.
Should i stick with CHF i would probably use Swissquote or Saxo hoping that Swiss brokers might have more securities available (listed or OTC).
Anyway, so far i find CHF Fixed income investment options very very limited..............!
PS: many thanks for your very useful Saxo Bank review article, very well done and informative. I have now a demo account to start look into their trading platform, in term of available asset to trade i assume the demo has just a subset of the whole asset universe
Actually I have CHF currently available to be invested but after a bit of research i haven't found any decent options for Fixed Income instruments in CHF, hence i start to look into EUR.
Should i stick with CHF i would probably use Swissquote or Saxo hoping that Swiss brokers might have more securities available (listed or OTC).
Anyway, so far i find CHF Fixed income investment options very very limited..............!
PS: many thanks for your very useful Saxo Bank review article, very well done and informative. I have now a demo account to start look into their trading platform, in term of available asset to trade i assume the demo has just a subset of the whole asset universe
It depends on what you mean by limited. If you mean low-interest rate, then yes. But it actually makes sense. CHF is a safe currency, and CH has a relatively low inflation (compared to the rest of the world); it then makes sense to have lower interest rates.
I would actually assume the demo has all the securities. Do you see many things missing?
Well as i explained I recommend Swissquote as a sound swiss bank and has great client service, credit card etc...
Saxo is only a branch of a danish bank which is 49% chinese (Geely company) and i reject working with Saxo for that reason for ethics and human rights reason. The chinese govt is in Geely...
By that logic, you should then avoid every single product made partially or entirely in China, which will likely exclude at least 50% of the electronic products we use these days. Not a very practical approach.
And you should probably avoid me since my wife is Chinese, 50% of our household (and blog) is then owned by China?
Baptiste,
as we all know China Communist Party owns part or 100% of all major companies. This is unique in the world I believe. In my view due to ethics and human rights problems (opposants, ouïghours, tibetans, etc) i do not want to use a broker partly owned by this govt. The chinese govt has given over 26 billions $ to chinese electric car makers exported to Europe or North America .for your info i have nothing against chinese people and many of my friends are from China . for these reasons i personally choose products not made in China whenever this is possible.
Hi Baptiste,Yes, I've contacted Swissquote if I can transfer my Yuh portfolio to Swissquote (as Yuh is a joint venture between PostFinance and Swissquote) and they said it's not possible which made me think that I'm not the current holder of the equities which is similar to eToro Europe in Switzerland. Only US citizens can transfer their eToro portfolio to a different broker but for Swiss citizens it's not possible (I've tried that one as well)
Sure, I keep you posted on Saxo. I struggled a little bit with Swissquote buying UK stocks in GBp (not GBP). I didn't have that issue with Saxo though which I really like.
Quick update on Saxo: Portfolio transfer from SQ to Saxo was quick and Saxo was very helpful and have given me some trading credits. Also, I have a personal relationship manager at Saxo who is very helpful and responsive. Questions regarding the Saxo Platform was answered within 5 minutes via email plus webcasts are held online and will be recordered for everyone to watch afterwards.
The app isn't as great as the app from SQ but otherwise easy to use as well.
Furthermore, Saxo is licensed as Bank and regulated by FINMA so no worries to invest through Saxo.
Cheers
I'm about to pull the plug from UBS in favour of IBKR (I'm already in with 70k in VT). As the sum I've got invested with UBS is quite important, naturally some questions/doubts arise. Therefore, before pulling the actual trigger: if IBKR disappears (e.g. bankruptcy), what happens to the money I've invested in VT through them?
In theory, the liquidators will enter into action and all the shares will be returned to their owners, via a share transfer to a new broker. In practice, it may take some time because we are talking about multiple millions of customers. Fortunately, IB has been doing well financially, so this is not a likely scenario.
OK, so in any case I wouldn't lose the ETFs I bought, because they're mine a do not belong to IBKR - right?
Right, they are Sondervermögen.
