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I would keep the base currency in EUR if that is your reference currency.
This only impacts reporting for returns.
The question that remains to be asked is what you do with your cash, especially if there are large amounts.
For small amounts, I would leave the cash depending on the amount you received from any dividends or proceeds from the sale of securities. This avoids unnecessary transactions.
For larger amounts, especially if you plan to keep the cash for a long time, it's worth exchanging it into your main currency. You can also invest a portion in Swiss francs to take advantage of their strength.
Here is
I highly recommend the Saxo trading platform! Open your account using this link to benefit from free trades. via Saxo https://refer.saxo/NJc57
IB is obviously number 1 by far. Charles Schwab is very good too, but you don't have access to it apparently unfortunately.
Yes, I know Saxo and I find them quite good, with fairly competitive rates. Cornertrader is also good. I put these two on the same level. For diversification purposes, they can be good alternatives.
I didn't dare say it, but it's a learning process to detox from work and have the luxury of time! As strange as it may seem.
That's exactly it. Just as it took many months, if not years, to get used to the world of work, it also takes time to relearn how to live normally.
Hello and thank you for this testimony
Yes indeed, an additional independent activity not only allows you to diversify your income but also to avoid the AVS levy for people without gainful employment. This is very appreciable. I would also add that it is good for your head and your social side.
Regarding free passages: indeed heterogeneous offers, but also quite pitiful. Why not take advantage of your independent status to get out everything that's left? If you ever have 12 months to do so.
Well done, welcome to this new life. Sometimes the first few months are paradoxically a bit destabilizing, but you quickly get into your cruising speed, if I dare say 🙂
And then there are always those moments of pure delight that remind you of your old life. And there, it's always the opportunity to tell yourself that for nothing in the world would you want to go back 🙂
Well done !!!
A new escapee from salaried employment. Welcome to the club. Don't hesitate to tell us more: how you bowed out, what allowed you to get there, what do you plan to do from now on 🙂
Hi,
If you are likely to have to withdraw your money in the relatively short term, it is better to avoid investing it in assets. Even in gold. There is too much risk that you will lose. You can try, but it is a lottery.
Moreover, if, as I read, you don't have a precise idea of when you will need this money, then stick with cash. If, on the other hand, you know a minimum date before which you won't need it, you still have the option of making a term deposit with your bank (cash obligation). This will already make a little more interest than just with cash.
Yes, I understand, I've been there too. Paradoxically, when the difference is this big, it's fortunately, in most cases, nothing serious.
Keep us posted 😉
97%, maybe because there is a remainder that cannot be transferred to the new ETF, for example dividends (since the initial ETF is in hoarding and the new ETF is in distribution), which would correspond quite well to the yield (not far from 3%). Or, it is other assets that cannot yet be liquidated or transferred to the new ETF. Whatever the reason, we can imagine that this will be done in a second phase, in the form of cash. Then, the initial ETF would be completely dissolved.
I notice that COSW is not the only Lyxor ETF that is affected by this phenomenon. In the link I gave you above, the other ETFs have all experienced a decline of the order of this magnitude. So there is indeed a massive strategic reorganization of Lyxor ETFs towards Amundi.
Based on my experience, during previous buybacks or transfers of securities that I have known in the past, the new securities (or cash) arrive in the portfolio within 2-3 days. So normally, you should be back on your feet next week.
If necessary, contact Degiro, they are also there to inform you about this kind of situation. The best is to do it by phone, because by email, they are not very responsive… I sometimes had to wait several days to get an answer.
Amundi merges its Lyxor global sector ETFs with its ESG equivalent funds while reducing fees across the seven-member range.
The French asset manager said the mergers, which will see €484 million of assets under management transferred from the Luxembourg-domiciled Lyxor ETF range to Amundi's Irish-domiciled ETFs, will take place on June 28.
Source :
So you should receive Amundi ETFs instead
The inventory value is still at 397 euros:
If the ETF had fallen by 97%, that would mean that all underlying assets had fallen by the same amount, which is not the case.
Maybe it's related to a split. Did you receive any additional shares?
