01-28-2022, 02:07 AM
How do you "cope" with investor compensation scheme limit?
<!-- SC_OFF --><div class="md"><p>Hello</p> <p>I have just started with some investment, using Degiro. I know investment is a risk, markets are up and down and all that kind of stuff and maybe I will lose some money or not just by doing it. Whatever. I plan to be more conservative and I want to buy mainly ETFs (VWCE, VUSA, CSPX, IUSA) also with some Small Caps (IUS3, IUSN, ZPRX). Of course long term - just buying every month for 20 years. Not with much interest what is going on. Just ETFs and chill. Anyway. Minimum level of compensation per investor of €20,000,on my assests, is something what bothers me a little. I can understand that I can loose money because of my poor decisions and because of market situation. But not so much that some mothefu**er have a bad day and decide to ruin mine. Okey, I can believe there are nice people in Degiro, but will they be there also for another 20 years? Who knows right? If degiro goes bust I can imagine the situation "sorry we are out of business" phones and mails dead and maybe I will get something from my investment just because of some separate custodian entity but it will take a lot of time and it's gonna be pain in the ass.</p> <p>So, how do you cope with possibility of this happening? Do you have your own mechanism of multiple brokers or do you just believe and leave it to live its own life and hope for the best?</p> <p>Thanks</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Woko_O"> /u/Woko_O </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/sdyln6/how_do_you_cope_with_investor_compensation_scheme/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/sdyln6/how_do_you_cope_with_investor_compensation_scheme/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Hello</p> <p>I have just started with some investment, using Degiro. I know investment is a risk, markets are up and down and all that kind of stuff and maybe I will lose some money or not just by doing it. Whatever. I plan to be more conservative and I want to buy mainly ETFs (VWCE, VUSA, CSPX, IUSA) also with some Small Caps (IUS3, IUSN, ZPRX). Of course long term - just buying every month for 20 years. Not with much interest what is going on. Just ETFs and chill. Anyway. Minimum level of compensation per investor of €20,000,on my assests, is something what bothers me a little. I can understand that I can loose money because of my poor decisions and because of market situation. But not so much that some mothefu**er have a bad day and decide to ruin mine. Okey, I can believe there are nice people in Degiro, but will they be there also for another 20 years? Who knows right? If degiro goes bust I can imagine the situation "sorry we are out of business" phones and mails dead and maybe I will get something from my investment just because of some separate custodian entity but it will take a lot of time and it's gonna be pain in the ass.</p> <p>So, how do you cope with possibility of this happening? Do you have your own mechanism of multiple brokers or do you just believe and leave it to live its own life and hope for the best?</p> <p>Thanks</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Woko_O"> /u/Woko_O </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/sdyln6/how_do_you_cope_with_investor_compensation_scheme/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/sdyln6/how_do_you_cope_with_investor_compensation_scheme/">[comments]</a></span>Kind Regards R