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Thank you Ploutos and Bientot for your comments.
The quality of passwords is indeed a good start to avoid unpleasant surprises. But nothing beats diversification, also at the level of financial intermediaries. This is why I am thinking about which third institute to use.
PostFinance and Corner are indeed excellent brokers. Flowbank is a very new one and their conditions are not really clear at the moment and I don't know yet if we can trust them.
I am also looking forward to seeing what the Swissquote – PostFinance partnership has to offer at the beginning of 2021.
Read about online brokers:
I understand this as a joint venture, in other words a new common entity, which will offer 100% digital services. The proposed rates should therefore be neither those of Swissquote nor those of PostFinance, hence in my opinion the possibility of a good surprise.
Swissquote and PostFinance will launch a new banking app in early 2021. I look forward to seeing what they offer for trading and especially at what rates. To be continued…
https://www.allnews.ch/content/corporate/postfinance-et-swissquote-constituent-une-co-entreprise
I tried several times to write an answer in "work less to earn more" without success. I don't understand what the problem is, I'll try again tomorrow. Strange that it works on the forum but not on the site.
Yes, it's all good, I see the comments again :)
You're right: I tried to place a purchase order with Sony and Nintendo and Corner wanted me to buy them on the US market. So apparently no purchase possible on the Japanese market!
I find Japan in the Corner list:
Scholarships:
Australian Securities Exchange, Bolsa de Madrid, Borsa Italiana, Chicago Mercantile Exchange, Copenhagen Stock Exchange, Euronext Amsterdam, Euronext Brussels, Euronext Lisbon, Euronext Paris, Helsinki Stock Exchange, Hong Kong Stock Exchange, Johannesburg Stock Exchange, London Stock Exchange, NASDAQ, New York Mercantile Exchange, New York Stock Exchange, NYSE Amex, Oslo Stock Exchange, SIX Swiss Exchange, Stockholm Stock Exchange, Tokyo Stock Exchange, Toronto Stock Exchange, Wiener Börse, Xetra…but not in their list with transaction fees. So check! Personally I only have Swiss and British stocks with them.
I had opened a "private" account, since I had started with zero CHF (new account, without transferring securities from another broker). Once your deposit has exceeded 75k, you automatically switch to the "capital" profile, with the advantages that go with it (notably lower brokerage fees).
PS: I can't read your last comment (or the others) under the article "Work less to earn more". Problem with the site or bug on my end?
Thanks bro for this info, I will definitely take a closer look at IB!
About Corner:
– Yes, you can buy on the Tokyo Stock Exchange, but I don’t know if you can also trade small caps there. I also haven’t looked at what the brokerage fees are for Japan.
– Tax statement: Digital account statements are free of charge. The paper version costs a minimum of CHF 100 and a maximum of CHF 500.
It is true that I have not focused on Swiss intermediaries so far, I should look at IB more closely.
I am indeed very satisfied with Cornertrader:
+ Brokerage fees are very low, especially once your deposit exceeds 75K: for Swiss stocks, 0.12% but minimum 18 CHF. So for example, for a position of 10,000 I pay 18 CHF, or 0.18%.
+ Free account opening. No custody/account maintenance fees (as long as you carry out at least one transaction per quarter).
+ Login etc. very easy and fast (I do almost everything via easy recognition on my iPhone).
+ Access to a huge number of markets and products.
+ You are assigned a personal advisor, whom I have already contacted several times by email or phone. Very satisfied with the information, always very fast and competent. When he is absent, someone else is always available.
– Opening an account: in order but still very laborious (form to fill out with a load of pages and sections).
– The platform is ok, but I prefer PostFinance, in my opinion more intuitive and easy to use (but brokerage fees are higher at PostFinance). In addition, from the App Corner I cannot generate PDF reports (like an overview of dividends received over a year).
– Most of the courses are given with a 15 minute delay. You would have to pay to have everything in live time, which I don't do because I already have real time with Swissquote.
Can you recommend IB to me?
Thank you Jerome for your answer.
In the case of a "real" hack, where you did nothing wrong, I think the bank will reimburse without any problems. But if you have some responsibility (like: you entered your login details on your smartphone on the train and didn't notice that someone was looking over your shoulder, or you wrote your password on a piece of paper that you lost, etc.) it might be your fault.
The broker's bankruptcy does not scare me, since the shares are not their property and are ours anyway.
Two institutions are better than one, but the more my investments grow, the less comfortable I am with it. Swissquote and Migros Bank are rather youthful mistakes and no longer suit me, especially because of the custody fees. As a result, I really have almost nothing left there and I don't want to put more money there.
That's why I'm thinking about a third broker (it would be to inject new funds, not to transfer securities from another deposit), but I can't find one that I like as much as PostFinance and Corner. I'll keep digging on this side.
The site https://www.moneyland.ch/fr/trading-comparatif is quite comprehensive but not easy to use depending on all the different types of investor profiles that can be compared and one's own profile.
Fantastic, thank you!
If I calculated correctly, this gives us a CAGR of 11.02% for Nestlé and 9.34% for Implenia.
More or less the same for me.
I also talk to my wife about it but she's not really interested...
Thank goodness forums like this exist!!!
To answer your first question: "I would like to know how a countercyclical defensive stock traditionally behaves in the event of a real stock market plunge (major crash)."
Just compare Nestlé's chart with Rieter's during the last crisis.
Three years after the subprime crisis, Nestlé had surpassed its previous high of 2007.
Ten years after the same crisis, Rieter is still worth less than half of his 2007 value.
A picture is worth 1000 words.
Mikron is absolutely not a defensive company; on the contrary, it is one of the most cyclical stocks on the Swiss stock market.
It is optically cheap because its share price is low and its PBR is less than 1, but its dismal fundamentals explain this valuation. The net profit margin and the ROE have almost never exceeded 1%…
By purchasing such shares you must be aware that you are speculating at 100% and that this has nothing to do with an investment.
Tornos has seen its market capitalization melt by 97.4% since its launch 30 years ago…
At this level I still prefer to go to the casino, you will at least see cleavage and not cleavage...This does not only concern stocks, but also US real estate, US bonds and investment funds headquartered in the US!
Given the legal flexibility that Americans are well known for, I imagine that spreading your assets across multiple accounts doesn't change anything... except perhaps risking a lawsuit and an additional fine. 😉
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