Buy & hold shares - which broker?

Finance, Taxes, Banking, Insurance and Retirement
21
plus robinhood has a bug which allows you to get infinite leverage!

22
Maintenance fees are really minuscule, considering currency exchange (2USD) and trading (0.33USD) fees, and they (10USD/month) get offset with those trading fees.

Once you reach 100k they float away too.

23
Interactive Brokers

24
If your primary address is in the USA, otherwise 25k min to open an account

25
Who gets to be the poor guy & who is the rich one?

26
They would need to use a VPN to sign up (America only)/

Just read this on the homepage: "Sorry! We’re not currently able to accept applications from outside the United States."

27
Hi,

Great thread. Thanks, anybody.

I'm looking for an option with the choice of immediate (and costless) withdrawal (as much as possible). Does PostFinance or any other of them provide that?

Thanks

28
It's all relative...

29
My 2 cents:

If you are still learning about stocks, I would strongly advise you to start with mock investment platforms and simulations. Plenty of these available, e.g. Interactive Brokers offers a simulation, WallStreetOasis too I think.

If you insist on putting your savings into something you are still to learn about, then I'd advise first investing into broad indices (i.e. entire markets) as opposed to specific parts of markets, like tech, or even companies, like Microsoft

SwissQuote very expensive, popular laternatives have been mentioned on this thread - InteractiveBrokers, Degiro, Schwab.

Swiss banks offer trading too but I suspect in addition to high disclosed costs, you may suffer from a lot of hidden fees.

I hope this helps and good luck!

30
Fees can be negotiated with your (Swiss) bank.

Of course, it depends on your ehmmm bargaining power.

Just keep in mind that those wealth managers are all measured on how much assets they pull in each year. They're keen to get their metrics up. Make them sweat for it.

31
I'd say the opposite, start early, start small, start with real money. When you're young and have less money, the stock market lessons are cheaper

32
The thing is that if you have sufficient assets to be in a position to negotiate fees or influence AUM, you are unlikely to be seeking advice on this thread.

33
You over (?) estimate some people

34
Hi,

I am in the same boat, and after some research have narrowed it down to Schwab or International Brokers (both highly recommended by Investopedia and allows non-US citizens to open an account).

I am a little confused by the taxes involved. From what I have read, I will be taxed 30% on dividends from US companies but I can claim 15% back. How exactly does that work when I am taxed at source and so I don`t do my own taxes?

I understand I will not be taxed in Switzerland on capital gains, does that also imply I will not have to pay short-term capital gains taxes?

Would you agree that being a Swiss resident is a huge benefit when investing in the US and using a US brokerage since we are not taxed on capital gains (long or short term), or am I missing something? Is there anything else that eats into potential gains?

Thanks