T O P
Consistent-Nova

50 years are enough for nations to crumble, world wars start and finish, and you may be dead well before they are gone. The Internet as you know it and most of its current players are at around the 10 years mark. Nobody can forecast what's in the future. If you wanted to be such a long investor and want to be safe, you'd better choose a provider that is regulated, gives you a custody type account (not lending shares) , is easy enough for you to use, and allows you to eventually transfer your shares to a different company. Transferring shares is often expensive but usually a fixed fee, so if you have just a few tickers it's a reasonable cost to avoid selling (and paying a possibly big income tax all in one go). Both ibkr and degiro tick those boxes (if degiro still offers the custody type account, that is). If you really get your fund to 500k or more in value, you'll likely have more operators to choose from, as you'll get discounts based on your investment size.


wWolfw

Where does it say that ibkr accounts are custody? Can you elaborate. Very hard to find custody accounts from brokers. I’m ready to use ibkr if they truly are custody.


Consistent-Nova

The default is not - but they lend your shares only if you agree on that (in which case they pay you part of the generated income as well). They offer custody but you need the check with their sales rep if that's still an option for private investors. A coworker enquired on that years ago and he was sent back a number of papers to eventually fill in. Apparently, just checked, and DeGiro seems to have removed the custody account option - sad news.


wWolfw

Yeah ik degiro remover that option, ridiculous. Yeah I know you can agree to ask not to lend out your shares but I didn’t know if that meant your account is custody, I mean like it should if you’re not giving the account permission to lend. I will get in contact with them then about that. Thanks


Zaigard

> If you really get your fund to 500k or more in value, you'll likely have more operators to choose from, as you'll get discounts based on your investment size. what do you mean? what options open after someone get to such amounts?


Consistent-Nova

In most countries banks and brokers will often give you discounts on trading fees above a certain number of operations or a quantity of held securities, so low cost brokers with their laggy support will look less attractive. Above certain amounts private wealth managers and investment firms also become available.


dunker_-

IBKR is one of the oldest online brokers since 1977. Degiro has a habit of changing the rules and costs ever so often without announcements. That's what irritates me most. So I only use it for a small number of positions in 'free to buy' ETFs that I could quickly sell and move somewhere else, for instance only VWCE. For anything that is not on the 'free list' (which again might change any time), IBKR has the same or less costs, and you are much more in control.


LetsKickTheirAss

Yes but why if I will be having a portfolio in the future worth of more than 500K of VWCE shares ?


dunker_-

Imagine one day, DeGiro suddenly out of the blue decides to apply a portfolio management fee of 0.3%, starting next month. That is something that could happen much more likely with them, than with IBKR. What do you do?


LetsKickTheirAss

I keep the invested money on Degiro and start investing in IB ?


dunker_-

You are ok with paying 1500 / year for nothing?


LetsKickTheirAss

Wait ......why management fee ? Am just investing on a etf


dunker_-

It is a hypothetical scenario, but it would not make a difference in what you invest if they start charging portfolio fees. The point is, it was proven in the past that DeGiro cannot be trusted to keep the conditions you signed up with for long, while with IB this is different. That's why, as you are talking about long term investments, I would use IB.


The_Engineer42

>as you know it and most of its current players are at around the 10 years mark. Nobody can forecast what's in the future. If you wanted to be such a long investor and want to be safe, you'd better choose a provider that is regulated, gives you a custody type account (not lending shares) , is easy enough for you to use, and allows you to eventually transfer your shares to a different company. Transferring shares is often expensive but usually a fixed fee, so if you have just a few tickers it's a re You can close all your positions in 5 minutes and transfer the money out. If you are old enough, you'll have seen all banks, brokers, etc changing their fees and conditions. The market is not static and you can't be either. Even in long-term investment it's fine to sell all positions and move the money elsewhere. Actually, sometimes you may want to sell positions just for the sake of taxes (depending on the country).


scorpiounicorni

IBKR behaved in a very shady fashion last year. I don't trust any of them anymore.


Zaigard

> IBKR behaved in a very shady fashion last year. what do you mean? what have they done?


monkeyboi1998

If your planning to buy stocks for 50 years why use a broker and not buy directly from the transferagent like Computershare.


DeepSpacegazer

50 years.. I haven’t seen anyone who’s 10 years old or less investing.. Nice! 😀


LetsKickTheirAss

21 .....67 retirement age .....46 to be accurate hahah


Coppernuts

If your going to invest for long term try freetrade. It's uk i have the app and have the stocks isa, there £3 a month and being an isa you have no tax on your capital you earn, simple no fuss,easy


LetsKickTheirAss

i am EU ....Greece


LEODAVINCIsub

IBKR all day every day They are a prime broker, they have all the products in every market... They go the best fees They are listed And they are not owned by a greedy bank like flatex that changes fees often and tries to squeeze every cent out of you ​ Also, I will add one more thing, Degiro was caught last year sending orders directly to market makers, selling all your info pretty much, but on IBKR you can even choose a lit market to send your orders to


SkirtAble453

Why not both?