PostFinance or Yuh for Investing?

Investing / Brokers
1

Is anyone here working at PostFinance or familiar with their investment options? I’m currently using Interactive Brokers (IBKR) but have been advised to move my investments to either PostFinance or Yuh. I’m trying to understand the benefits and differences between the two. Currently, I don’t know the specific advantages of trading with PostFinance as an upcoming employee, so any information would be appreciated.

  • What are the main differences between self-service funds and e-trading at PostFinance? I assume e-trading is where I buy everything myself, and with self-service funds, I buy a pre-built PF fund?
  • Any insights into the advantages of each option (PostFinance / Yuh) from an employee’s perspective if I just want to buy VT or VWRL?

I know I can use Yuh to invest in ETFs like VWRL, but it hurts to pay the 0.5% fee when selling. Any advice or personal experiences would be really helpful or if any insights on the benefits of trading(Reocurring investment VT / VWRL) at PF as an employee can be given.

Further, has anyone got an exception to keep their IBKR account?

Thanks in advance!

2

Why is it so ?
Is it for your morgage as collateral that you should move all your investments back to PostFinance.

It is really surprising as most of the members of our community is investing with IBKR ?

3

He/She will start working there, I guess.

I myself have never traded with Yuh or Postfinance, but even if I would have, for you it probably matters more to hear from other PostFinance employees rather than the general public (the fees are gonna be different).

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4

Exactly, it will be my future employer.I thought i may find a current employee in this forum or an ex-employee who could assist or give me some informations in advance.

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5

I am curious. Didn’t PF share the employee conditions for investment accounts?

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6

Did not start yet. I was curious so i could prepare in advance. They did not share during the hiring process, but i also forgot to ask.

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7

I have also read a lot about IBKR in forums. I am currently using Swissquote.
Should I switch?

It seems that their desktop software is written in Java. But at least it is packaged by Homebrew Cask.

Can anyone tell me about the desktop client?

8

You can try to use both. There is no real need to switch unless and until you feel happy and comfortable

Read this article for some insights

The only advantage Swissquote have over IBKR is that it’s Swiss and local. To some it doesn’t matter and to some it matters a lot. I use both.

I suggest to open an account
Get a referral code and try IBKR out

Let me know if you need the referral when you are ready.

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9

Basically no order fees for US funds, no fx fees, and no custody fee.

Depending on your amounts it can literally be 100x cheaper.

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10

Just don’t even touch that one.
Web and mobile app are more than enough (unless you are in the 0.01% of those trading options etc.)

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11

Depends on whether you’re comfortable with the premium you pay by being there.

With this tool from ThePoorSwiss you can compare how much money you would save by entering your own portfolio values.

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12

And that tool assume a single etf purchase per month.

Now if you dare to do something else as VT & chill & e.g. split your regional allocation, will even more drastically increase your cost at another broker then ibkr/Saxo

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13

Thanks

But there is no “eSteuerauszug” from “Interactive Brokers”? In other words, I have to enter my securities account manually in the taxes? Is that correct?

14

Yeah that’s correct
However unless you have hundreds of trades per year, it is relatively easy exercise. I have been doing it for many years

I also don’t intend to use Steuerauzug from SQ

16

I configured a report in IBKR that includes all the information the tax office needs such as dividends, market values at the end of the year, interest, etc. and attach this report and it got accepted by the tax authorities. I’d try that before entering everything manually.

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17

Only works though, if you have exclusively distributing funds. Any one accumulating fund and you‘d need to list everything separately.

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18

For me it worked with two accumulating and one distributing fund.

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19

That‘s interesting. How did you do it? And how did you report the correct dividend amount for these funds?

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20

Desktop client is quite large, powerful and klunky - but hey, it works in Linux too!

But they also have a mobile app, IKBR, which is very streamlined and easy to use.

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21

Also not funds that distributing e.g. capital gains.

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