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Degiro safe for large holding over 20,000?

  • 16-07-2018 10:35PM
    #1
    conorfonz
    Registered Users, Registered Users 2 Posts: 34 ✭


    I was thinking of transferring 2 positions from one broker to Degiro, as the holding fee per year has increased and is now quite large, and considering these two positions just sit there and I don't require stockbroker advice. I assume Degiro is the cheapest for holding stock on account (possibly free) and I want to make sure the holding will be safe, as on the website it only mentions that 20k is safe as per Dutch regulation. My two positions would be alot more than 20k.


Comments

  • #2
    TiGeR KiNgS
    Registered Users, Registered Users 2 Posts: 1,435 ✭✭✭TiGeR KiNgS


    conorfonz wrote: »
    I was thinking of transferring 2 positions from one broker to Degiro, as the holding fee per year has increased and is now quite large, and considering these two positions just sit there and I don't require stockbroker advice. I assume Degiro is the cheapest for holding stock on account (possibly free) and I want to make sure the holding will be safe, as on the website it only mentions that 20k is safe as per Dutch regulation. My two positions would be alot more than 20k.

    Is the €20K relating to cash + shares/bonds or just the cash position ?


  • #3
    conorfonz
    Registered Users, Registered Users 2 Posts: 34 ✭conorfonz


    TiGeR KiNgS wrote: »
    Is the €20K relating to cash + shares/bonds or just the cash position ?

    It's over 20k, and it's all in positions ie shares in two companies.


  • #4
    Squozen
    Registered Users, Registered Users 2 Posts: 118 ✭✭Squozen


    I think you're in more danger putting that much cash into two companies rather than diversifying. I use index ETFs to spread the risk (and I have a little under €55k in Degiro at present).


  • #5
    Taylor365
    Registered Users, Registered Users 2 Posts: 2,947 ✭✭✭Taylor365


    If Degiro ever went bust, its more than your money you want to worry about.

    It has already been looked into on this site in detail. Don't think the 20K guarantee means much itself.


  • #6
    Pussyhands
    Registered Users, Registered Users 2 Posts: 8,235 ✭✭✭Pussyhands


    Squozen wrote: »
    I think you're in more danger putting that much cash into two companies rather than diversifying. I use index ETFs to spread the risk (and I have a little under €55k in Degiro at present).

    What ETFs can you buy that are good options on degiro and what are the tax implications compared to single shares?


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  • #7
    Gangu
    Registered Users, Registered Users 2, Paid Member Posts: 431 ✭✭Gangu


    I’m sort of in the same position. I want to buy Foreign and Colonial Trust and hold long term. You used to be able to do this with share without an intermediary fee every year but I cannot figure out a way now.


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