My first deposit just reached my DEGIRO broker account! Let’s start with the good, there is no fee for transfer! I’ve transferred 1000 CHF and exactly 1000 CHF arrived in my account. I was afraid of an hidden fee or transfer fee. With the bad now: The transfer took 8 days. I sent the transfer Friday 17th, it was debited from my account Monday 20th and only arrived today, Tuesday 28th on my broker account. I’ve contacted DEGIRO several times in the meantime to inquiry as to the whereabouts of my money. They did have an issue with their bank (CIC Bank, Basel) that was not transferring the money statements to them for about a week. So, normally, this should not be so slow. I’m inclined to give them the benefit of the doubt for this one. I’ll see what happens to my second transfer that was debited yesterday (should arrive tomorrow on my DEGIRO account). If this is something that happens regularly, this is a really bad thing for DEGIRO, but we’ll see.
With some part of this money, I bought 13 shares of Vanguard Total World Stock ETF (VT) at 73.16 USD. This ETF is a passive fund that holds 7955 stocks in the entire world, weighted by capitalization. It contains around 50% of the stocks from US and the rest is from the entire world. It contains 2.6% of stocks from Switzerland. It has a very low Total Expense Ratio (TER) is 0.11%, which is very low and absolutely fine for me.
Since this ETF is in the list of free ETF offered by DEGIRO, I didn’t pay any fee to buy the shares. Nevertheless, I paid a small fee for the currency conversion. I paid 0.19CHF on an order of 936.80 CHF, which means a fee of 0.02%. This is pretty good since I was used to pay 0.5% fee for funds on PostFinance 🙂
The buy was pretty easy do on DEGIRO, no issues here. At first, not very clear, but it turned out quite OK. I’ll post more information on the future on how to use DEGIRO. I received a mail notification for both the deposit and the trading transactions. Everything seems fine.
I’m not totally sure on my final portfolio, but VT will definitely be a part of it and probably a large part at that. I’ll keep you up to date as soon as I update my portfolio.
N.B. I’m not a financial advisor and not nearly an expert in investing. What I share here is my experience, not financial advices.