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Hi Jean-Louis
You are right to mention Postfinance because I have been eyeing them for quite some time precisely because of the free custody fees. When you start on the stock market you don't look at this aspect too much and you are mainly interested in transaction fees. This is normal: portfolio to set up, lots of securities to buy, and tendency to make quite a few transactions. Subsequently, as you gain experience, you become more conservative, you buy a little less, and above all you sell a lot less. But on the other hand, you have more capital invested, so more custody fees. And there it even becomes scandalous at certain institutional banks.
Swissquote is not too bad from this point of view because the transaction and custody fees are correct. The latter are even capped at CHF 50. Tradedirect is not too bad either, but the fees are capped at CHF 100. In many banks these fees are not only expensive, but not capped and you can lose a lot of money there.
Postfinance is only slightly more expensive than Swissquote for transactions, but since custody fees are free, buy&hold investors are more than happy with it. In addition, cash transfers to a current account are free, which is very practical when you are a rentier and want to withdraw your dividends...
In short, Jean-Louis, you only confirm all the good things I think about Postfinance recently and it is possible that I will switch to them in the future.
I use e-trading from Postfinance. It is very practical if you also have a current account at the post office. The purchase costs are around 35 chf (including taxes and stamp duty) for an amount close to 5000 chf. No management fees or unacceptable conditions like at SaxoBank. The interface is clear and accounts in chf, euros and usd are automatically opened upon registration.
Happy Sunday
Jean-Louis
It's true that the brokerage fees seem cheap, but since I'm a buy&hold investor, with little movement in my portfolio, what bothers me the most is this:
- Saxo Bank (Schweiz) AG does not charge account maintenance fees. if the account has at least one trading activity (e.g. purchase/sale of securities) in the previous 6 months or in the case of an available cash balance greater than CHF 25,000 (or equivalent in another currency).
- For accounts that do not meet the conditions mentioned above, a semi-annual account maintenance fee of CHF 100 will be debited (January and July).
In case the amount available in the account does not cover the account maintenance fees, Saxo Bank (Schweiz) AG may sell positions in the deposit to cover the account maintenance fees. (on this subject see the General Conditions).
200.- account maintenance fees per year (if no movement) which can also trigger a sale of positions, that bothers me a little...
So the games are over.
Harmonie Gestion has won a one-year subscription on dividendes.ch
Congratulations because no one had imagined such a significant increase, despite yesterday's correction!
The next few weeks will be rich in lessons, I think.
Hi Jean-Louis,
I have already given my opinion on this question several times on the forum or on my blog. If you buy dividend stocks, it is because in principle you want to free yourself from the market. Let's not forget that dividends historically represent almost half of total profitability. By focusing on the price, you are therefore only seeing half of the reality. Dividend stocks are also less volatile, more defensive, and therefore less likely to suffer from a market decline. Moreover, with the strategy of increasing dividends, distributions continue to increase, even when everything else falls.
Now, if you believe that the dividends of the stock have no more room to grow, that all the payment potential is exhausted, then yes, you have to sell. For me, this is not the case for Roche. Of course, the stock could lose its value soon. But if you remain focused on the price, you risk no longer being able to be consistent with a strategy based on increasing dividends.
The only real reason to follow the price in my opinion is to not miss buying opportunities.
Thanks for this presentation swx. A year of cash + reserve for investments, well here is a very happy one who will be able to take advantage of the next drop!
I envy you some of your titles, especially the two "vice" ones.
You already know my answer. I moved your message, as did the others. Please reserve the topic "portfolio presentation" for what it is intended for.
For a dividend investor, yes it is a mistake. For another maybe not. A dividend-oriented investor doesn't care about the price. Currently I have very large capital gains on all my lines and I don't want to say that it pisses me off but almost. It's just nonsense because the stocks are once again completely out of step with reality like not so long ago. Investors definitely have short memories. Dividends are the truth, that's why I keep these stocks because they are pillars, even if LOW is likely to be more affected in the event of a correction. And then finally receiving dividends is already like partially selling these stocks... without commissions.
Lopazz said
So you sold? Surprising of you.you're talking to Birdie I presume... I didn't sell anything
So for the time being, I'm staying in "Hold", and I'm consoled by looking at the pay-out ratio of the companies in which I've invested, which gives hope for a future increase in yield.
Exactly! My wallet payout has fallen to 37%, that offers some nice prospects!
I see some stocks like Total, Vinci, Bic, Casino, Rallye as good investment opportunities.
I'm also looking at Casino and a bit of Bic
What is your opinion on my investment policy?
It's always good to take on good debts from a tax point of view and above all to diversify your types of investments. In Switzerland, real estate is expensive at the moment, but the rates are ridiculous... in France, I don't know?
This seems quite wise to me indeed
I don't know when the correction will come, but what is certain is that it will come, and then you have an interest in not being too exposed to explosive titles.
It is clear that the market is overbought at the moment, that said, as investors are mostly in the masses, it can still rise and some smart people will still be able to take advantage of making some nice capital gains.
It's a game of who will be the craziest
Personally I have already given and I no longer take this kind of risk.
not for me
selling means costs and follow-up work…
with dividends you automatically receive the share of profit that is due to you
in your IBM list I like it, but not at the moment
my bad
you have put your finger on a small bug in the calculation of the growth of the PM dividend
I corrected it and it will be updated next weekend in my portfolio
for the distribution ratio you can also find it in my portfolio or on dividendinvestor
it is currently 64%
