🏦 Trade Republic generated €6.29 in passive income this month from the remunerated account.
📉 The European Central Bank’s reduction in interest rates slightly lowered the interest received.
🛡️ This account is primarily for emergency funds, emphasizing security over high returns.
⚠️ Trade Republic offers various assets, but this portfolio uses it solely for the remunerated account, aligned with ECB interest rates.
@ElClubDeInversion:
“In Trade Republic, in the month of February, 6.29 EUR of passive income have been generated, eh, that for one side, eh, this is a little what I was telling you of the compound interest, no, that for one side, we are generating interests over the interests, but for the other side, the month of February, the European bank reduced the types of interest, and therefore, also the type of interest that we receive in exchange of that money that is deposited in Trade Republic has been slightly reduced, according to. Then, very important, Trade Republic, that is being put very in fashion, eh, and is genial, okay? I use it for the remunerated account. For other things, it can be used, but you have to have very clear what you are doing, because it is not the same broker that can be an interactive broker or others, eh, the comisiones are distinct, eh, the, the structure how it functions is distinct, the markets in which you invest are distinct, the currency with which you invest is distinct. Okay? Then, understand very well what you are using, eh, if you want to invest with them, okay? I don’t tell you that it is good, nor that it is bad, only that you understand what, eh, you are doing when you invest with them. In what respects remunerated account, in change, continues being today one of the best that exist today. Then, in sense, super interesting, and of new, in the description of the video, you have enlace for if you wanted to open account with them, and with this, you have seen how the distinct, eh, platforms that we have in the cartera have evolved.”
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.
