Time keeps running... With the age of internet there has been a proliferation of on-line execution only brokers as well... Nevertheless - because I'm getting older and learned that the 2008-9 financial crisis was about diversifying and trusting everyone and no-one - I prefer to invest an x amount almost every 2 months into the stock exchange because I have a separate safety net. Since I started with execution only brokers in 2013 I opened in different times brokers accounts with Interactive Investor, Degiro, Interactive Brokers and IG.com.
I always refer to the FIFO rule if I'm selling a particular share that is appearing on more than 1 broker of course always in respect of taxation rules (B&B rules as well, etc). I'm a long term investor and I like the fact that my 4 brokers represent different rules for investing I gave myself over time: one shows typical blue chips shares, another one riskier based on Motley Fool's advisor, another one a bit of a mix, etc. I then see which one is winning every few months. Chapters 8 and 20 of the "Intelligent Investor"-book are my compass.
I am now looking for a 5th broker. I cannot bear (yet?) trading212 sorry: It's an inner feeling I have that I cannot explain sorry... I have been looking at Saxo Markets and looks ok. Any other suggestion for an execution only broker please? Maybe if someone reads this in 20 years from now I will look so conservative or maybe actually my position on diversifying after the lessons from 2008-9 will look good. Only time will tell...
Any suggestion on another execution only broker that you like to deal with please?
My favorites so far:
1) Degiro
2) IB
3) IG.com
4) II
I always refer to the FIFO rule if I'm selling a particular share that is appearing on more than 1 broker of course always in respect of taxation rules (B&B rules as well, etc). I'm a long term investor and I like the fact that my 4 brokers represent different rules for investing I gave myself over time: one shows typical blue chips shares, another one riskier based on Motley Fool's advisor, another one a bit of a mix, etc. I then see which one is winning every few months. Chapters 8 and 20 of the "Intelligent Investor"-book are my compass.
I am now looking for a 5th broker. I cannot bear (yet?) trading212 sorry: It's an inner feeling I have that I cannot explain sorry... I have been looking at Saxo Markets and looks ok. Any other suggestion for an execution only broker please? Maybe if someone reads this in 20 years from now I will look so conservative or maybe actually my position on diversifying after the lessons from 2008-9 will look good. Only time will tell...
Any suggestion on another execution only broker that you like to deal with please?
My favorites so far:
1) Degiro
2) IB
3) IG.com
4) II
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