timdaub
@timdaub.eth
European trad finance bros will talk for hours on end how they spent 10 years saving half a million into an MSCI World (because of its good risk/reward ratio) without considering once that, in case of broker fraud, their balance is insured for 20k EUR 🤣
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Fin4Dao
@fin4dao
Isn't it 100k
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timdaub
@timdaub.eth
no that‘s bank deposits
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Fin4Dao
@fin4dao
To clarify my just deleted cast: In Germany etfs belong to the person, so if banks get liquidated you get your etf back. Banks can't sell your etf or work with it
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timdaub
@timdaub.eth
https://finance.ec.europa.eu/capital-markets-union-and-financial-markets/financial-markets/securities-markets/investor-compensation-schemes_en if your broker commits fraud, you might only be guaranteed 20k back
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Fin4Dao
@fin4dao
Oh damn, then you're right. They'll make sure to commit fraud then lmao
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