🔵 TRADING 212 Get a free share worth up to €100. Use my link below to get it smartmoneywithkai.com/trading212 🔵 INTERACTIVE BROKERS My personal broker of choice where I hold the majority of my investments smartmoneywithkai.com/ibkr
Hi Kai, just to let you know that when you invest through Trading 212 actually you invest through IBKR. From Trading 212 FAQ: Where are my shares held? Your shares are held in a pooled account at Interactive Brokers, which is commonly known as an omnibus account.
Pooled account means if t212 goes bust, it goes locked, probably wont see your money, or it will be a long litigation until everyone gets paid out. IBKR everything in your name. Even money managers, funds use ibkr, with their 50+mil portfolios. IBKR is hands down best broker. In addition, they offer the best interest rates to borrow against your portfolio. In usa its like 5-6%, even cheaper than heloc (borrowing against your property). Car loans are probably 9%. Want to buy a car, borrow vs your portfolio with 1 click, and you got money, no credit check nothing. Best thing, if you have your portfolio via Swiss IBKR, you can borrow... are you ready? for 1.7-2.4%. Basically never sell your stocks so no capital gains etc, and just borrow against portfolio. Thats how rich pay no tax (borrowing vs their stocks, or vs stocks of their company- elon musk, bezos).
Hey Kai...I find all your videos very informative & in depth. You really do your research & I trust & appreciate your opinions & advice:) My only gripe, is you speak a little too quickly. My advice would be, slow it down a little & take some breaths & pauses during your lessons. Your relentless pace gives me anxiety of sort. I say this with all due respect & think you are a great guy!🙏
Hi mate, really appreciate your kind words 🙌 And I agree, I sometimes get to carried away and excited that I tend to speak too fast, so a good reminder to slow down, last thing I want is to give you anxiety with my speed 😉 Cheers mate 👋
Thanks for the video Kai! Solid info as usual! Q for you, since you have experience with both brokers for years now, with which broker would you prefer to buy US Treasury bills (1-2 month maturity)? It's there any insight or advice you can share when comparing the two for buying this specific investment asset? Thanks again a appreciate you
Hey Kai, I think you committed a mistake on the fees section for stocks of IBKR. The countries breakdown refers to the stock exchange where the stock is listed, and not to residency of the investor. Am I correct?
Kai, thank you for this video. Just subscribed to Trading 212 through your link. Unfortunately they do not allow joint accounts, not sure about Interactive Brokers. This is an issue if one of the spouses passes away bec of inheritance tax. I would appreciate your thoughts.
Hello! 😊 Thank you for sharing your experience with Trading 212 and for subscribing through the link. I understand that the lack of joint account options can be a concern, especially when considering inheritance tax implications for spouses. Trading 212 and Joint Accounts Trading 212 currently does not offer joint accounts. Their platform is primarily designed for individual investors, which might limit options for couples looking to manage investments together. Interactive Brokers and Joint Accounts Interactive Brokers, however, does offer joint accounts. They provide various account types, including joint tenant accounts with rights of survivorship, which could address your concerns about asset transfer in the event of a spouse's passing. Inheritance Tax Considerations When one spouse passes away, the way assets are held can significantly impact inheritance tax and the ease of transferring those assets. Here are some points to consider: Joint Accounts Benefits: Assets in joint accounts often pass directly to the surviving spouse without going through probate, which can simplify the process and potentially reduce tax liabilities. Tax Thresholds and Exemptions: Many jurisdictions offer inheritance tax exemptions or higher thresholds for transfers between spouses. Estate Planning: Proper structuring of accounts and assets can play a crucial role in estate planning and minimizing taxes. Recommendations Consult a Financial Advisor: Given the complexities of inheritance laws and tax regulations, it's advisable to consult with a financial or legal professional who can provide personalized advice based on your circumstances. Explore Account Options: If joint accounts are important for your investment strategy and estate planning, consider platforms like Interactive Brokers that offer such options. Review Terms and Conditions: Ensure you fully understand the implications of account types offered by any brokerage, including how assets are managed and transferred. Cheers
Hey Kai.. Been investing in Trading 212 for two months now. My stocks are very good (Vanguard S&P, Apple, Amazon, etc..) I know it's early, but I don't see a tangible increase in my portfolio. Is there some sort of a reset in the market?
Hey Kai. Great video as always. You mentioned that you live between 2-3 countries, how does that work in terms of investment? Do you simply mean that you can access you IBKR account while travelling or you meant that you have to constantly adjust your tax location within the broker? Also how do you deal with taxes? Do you your capital gains taxes in the country of your choice or in the country where you spent most time of the year?
HI Kai, as an EU citizen and taxpayer what are the limits I can recover should any of the 2 go bust? Well done once again for your video! highly enjoyable :)
I love and use XTB, very very cheap and powerful, for my dividend porfolio and PAC services I hope one day you will make a video about it and maybe discover some problems I dont find yet, thanks Andy
@@ZeEzTw trading 212 is a platform I don't use so I just follow Kai video to learn about it, meanwhile I decided to use XTB 3 years ago so far for the customer service and low fees. For example I put 500 or 1000 euros to my card, and pay 1 euro to charge and then send the amount to xtb without any other expense eich is really great. If I want to withdraw money from my portfolio, I don't pay nothing if more than 100 euros.
@@ZeEzTw XTB has a very good customer service, and has low costs of operations, at least the costs I can see during withdrwals and deposits. For example, If I charge my Postal Pre-Paid card, called Postepay, with 500, 1000 euros or more, I only pay 1 euro to the postal service. One the money is in the card, I put the money to XTB account for free. So, 1000 euros costs me 1 euro, nothing more.I dont pay nothing if Iwithdraw at least 100 euros from my XTB portfolio to my bank again. So, its very cheap, I'm using it for dividends strategies and PAC
Maybe it's an idea to share more about the risks of Nexo, its future, and the ways to earn income through it. There’s not much information about Nexo on RUclips, and I know you've been using Nexo for a while. Are there better alternatives that could be used?
🔵 TRADING 212
Get a free share worth up to €100. Use my link below to get it
smartmoneywithkai.com/trading212
🔵 INTERACTIVE BROKERS
My personal broker of choice where I hold the majority of my investments
smartmoneywithkai.com/ibkr
Hi Kai, just to let you know that when you invest through Trading 212 actually you invest through IBKR.
From Trading 212 FAQ:
Where are my shares held?
Your shares are held in a pooled account at Interactive Brokers, which is commonly known as an omnibus account.
Pooled account means if t212 goes bust, it goes locked, probably wont see your money, or it will be a long litigation until everyone gets paid out. IBKR everything in your name. Even money managers, funds use ibkr, with their 50+mil portfolios. IBKR is hands down best broker. In addition, they offer the best interest rates to borrow against your portfolio. In usa its like 5-6%, even cheaper than heloc (borrowing against your property). Car loans are probably 9%. Want to buy a car, borrow vs your portfolio with 1 click, and you got money, no credit check nothing. Best thing, if you have your portfolio via Swiss IBKR, you can borrow... are you ready? for 1.7-2.4%. Basically never sell your stocks so no capital gains etc, and just borrow against portfolio. Thats how rich pay no tax (borrowing vs their stocks, or vs stocks of their company- elon musk, bezos).
Thank you for comparing my two favorite brokers! I also use both of them, Trading 212 is overall the best, I have to agree.
That's awesome to hear that 🙏
Agree about IB, not as user-friendly as Trading 212, and I dislike their commissions, they show me a $5.28 commission for 1 S&P 500 etf for $13 😂
Hey Kai...I find all your videos very informative & in depth. You really do your research & I trust & appreciate your opinions & advice:) My only gripe, is you speak a little too quickly. My advice would be, slow it down a little & take some breaths & pauses during your lessons. Your relentless pace gives me anxiety of sort. I say this with all due respect & think you are a great guy!🙏
Hi mate, really appreciate your kind words 🙌 And I agree, I sometimes get to carried away and excited that I tend to speak too fast, so a good reminder to slow down, last thing I want is to give you anxiety with my speed 😉 Cheers mate 👋
Very helpful! Thank you very much for your time creating and sharing this video, Kai :)
My pleasure Viktorija, very happy to hear that you found it useful 🙌
Thanks for the video Kai! Solid info as usual!
Q for you, since you have experience with both brokers for years now, with which broker would you prefer to buy US Treasury bills (1-2 month maturity)? It's there any insight or advice you can share when comparing the two for buying this specific investment asset?
Thanks again a appreciate you
Any thoughts on Saxo Bank?
Hey Kai, I think you committed a mistake on the fees section for stocks of IBKR. The countries breakdown refers to the stock exchange where the stock is listed, and not to residency of the investor. Am I correct?
Kai, thank you for this video. Just subscribed to Trading 212 through your link. Unfortunately they do not allow joint accounts, not sure about Interactive Brokers. This is an issue if one of the spouses passes away bec of inheritance tax. I would appreciate your thoughts.
Hello! 😊
Thank you for sharing your experience with Trading 212 and for subscribing through the link. I understand that the lack of joint account options can be a concern, especially when considering inheritance tax implications for spouses.
Trading 212 and Joint Accounts
Trading 212 currently does not offer joint accounts. Their platform is primarily designed for individual investors, which might limit options for couples looking to manage investments together.
Interactive Brokers and Joint Accounts
Interactive Brokers, however, does offer joint accounts. They provide various account types, including joint tenant accounts with rights of survivorship, which could address your concerns about asset transfer in the event of a spouse's passing.
Inheritance Tax Considerations
When one spouse passes away, the way assets are held can significantly impact inheritance tax and the ease of transferring those assets. Here are some points to consider:
Joint Accounts Benefits: Assets in joint accounts often pass directly to the surviving spouse without going through probate, which can simplify the process and potentially reduce tax liabilities.
Tax Thresholds and Exemptions: Many jurisdictions offer inheritance tax exemptions or higher thresholds for transfers between spouses.
Estate Planning: Proper structuring of accounts and assets can play a crucial role in estate planning and minimizing taxes.
Recommendations
Consult a Financial Advisor: Given the complexities of inheritance laws and tax regulations, it's advisable to consult with a financial or legal professional who can provide personalized advice based on your circumstances.
Explore Account Options: If joint accounts are important for your investment strategy and estate planning, consider platforms like Interactive Brokers that offer such options.
Review Terms and Conditions: Ensure you fully understand the implications of account types offered by any brokerage, including how assets are managed and transferred. Cheers
Should have more detail about the spread
Hi good point though I could not find exact numbers on that. If I do in the future will certainly include it 👌
Should I transfer money from my bank account to revolut and from revolut to trade212? Or I can direct deposit from my bank account to trade212
Hey, can you do a video regarding curve card and whether it is still worth it ?? and also a personal opinion if you use it
Hey Kai..
Been investing in Trading 212 for two months now. My stocks are very good (Vanguard S&P, Apple, Amazon, etc..)
I know it's early, but I don't see a tangible increase in my portfolio. Is there some sort of a reset in the market?
August was very hard, with few drops, and the same may be in the next 8 weeks, so just wait more time
Hey Kai. Great video as always.
You mentioned that you live between 2-3 countries, how does that work in terms of investment? Do you simply mean that you can access you IBKR account while travelling or you meant that you have to constantly adjust your tax location within the broker?
Also how do you deal with taxes? Do you your capital gains taxes in the country of your choice or in the country where you spent most time of the year?
HI Kai, as an EU citizen and taxpayer what are the limits I can recover should any of the 2 go bust?
Well done once again for your video! highly enjoyable :)
I love and use XTB, very very cheap and powerful, for my dividend porfolio and PAC services I hope one day you will make a video about it and maybe discover some problems I dont find yet, thanks Andy
I'm really curious, and I was between the choice of Tranding 212 and XTB. What made you choose xtb instead of tranding 212?
@@ZeEzTw trading 212 is a platform I don't use so I just follow Kai video to learn about it, meanwhile I decided to use XTB 3 years ago so far for the customer service and low fees. For example I put 500 or 1000 euros to my card, and pay 1 euro to charge and then send the amount to xtb without any other expense eich is really great. If I want to withdraw money from my portfolio, I don't pay nothing if more than 100 euros.
@@ZeEzTw XTB
has a very good customer service, and has low costs of operations, at least the costs I can see during withdrwals and deposits.
For example, If I charge my Postal Pre-Paid card, called Postepay, with 500, 1000 euros or more, I only pay 1 euro to the postal service. One the money is in the card, I put the money to XTB account for free. So, 1000 euros costs me 1 euro, nothing more.I dont pay nothing if Iwithdraw at least 100 euros from my XTB portfolio to my bank again.
So, its very cheap, I'm using it for dividends strategies and PAC
Next nexo💙
Good idea 😉 Nexo vs which exchange you had in mind?
Maybe it's an idea to share more about the risks of Nexo, its future, and the ways to earn income through it. There’s not much information about Nexo on RUclips, and I know you've been using Nexo for a while. Are there better alternatives that could be used?
Great point, will keep that in mind for a future video 👌 Cheers
i di not get a free share..
Hi, on Trading 212 you will get it as soon as you verify your account and fund it 👌
First 🥳
Wow, that was fast 😉 Let's go ⚡️
Excelent video Kai very detailed, great job!!
Thanks a million Vidhal 🙏