🛡️ The portfolio has replaced Wise with Trade Republic for its remunerated account due to enhanced security and guarantees.
💰 Trade Republic is used solely as a remunerated account, not for investing in stocks or ETFs.
✅ The platform contributed €6.92 in interest for January.
📉 Interest rates are set to decrease to 2.75% starting February 5th, following the European Central Bank’s rate cuts.
@ElClubDeInversion:
“We are replacing the remunerated account of Wise, which in reality was not a remunerated account, it was an account invested in monetary funds, we are replacing it with the Trade Republic platform. Why? Because Wise did not give the same guarantees, protection, as Trade Republic in this case. But be careful, in Trade Republic we are not investing with the modality of, well, they allow you to buy stocks, ETFs, and a series of investment vehicles, we are not going to do that with this account, it is solely and exclusively for the aspect of a remunerated account, as I will explain later. So, now you have the overall vision, and we can now move on to see the evolution of the portfolio. This month we have obtained from this platform in particular 6.92, which are added as interest that we have received because it is a remunerated account, it really is, it was not like a monetary fund as it was previously with Wise, and therefore, we have more security than before.”
Watch the exact part of the video where Andrea talks about Trade Republic here:
Watch the video on YouTube.
Read more articles featuring the most recent analysis of Trade Republic at this link: BLOG.
