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5

The simple answer is "because many people do not care enough". There are still some (internet) banks that will offer you a giro account for free, though most of them require you to have a certain monthly income payed to this account. The banking business is - as all services - subject to competition. If people do not care about finding a cheap bank....


4

In the country I live in (Germany), the tax law is set up in such a way that in both distributing and accumulating ETFs you pay exactly the same capital gains tax on the gains made via the dividends. I am not sure you are right here. In both cases, the Vorabpauschale is calculated as the gain which you could have made in a "safe way". As the ...


2

The amount of protection that a put provides depends on how effective you want it to be, somewhat like collision insurance on a car (U.S. centric). The larger the deductible, the lower the cost of the insurance. Premium decay is non linear so the longer the duration of the put, the cheaper the cost is per day. An at-the-money put for Dec '21 (the furthest ...


1

While the US federal reserve still puts a low but non-zero (0.25%) interest rate on the US$, the EZB currently has a zero interest rate on the Euro. That means European banks currently do not make any money whatsoever just from having customer money in checking accounts. Sure, credit unions are non-profit, but they still have to cover their costs for ...


1

I cannot tell for sure, but the idea of a non-fee account is quite new in Germany. When I was young, before the Online Era, there used to be a Sparkasse in every village and a Volksbank or Raiffeisenbank in every second village. In cities and towns, there were several Sparkassen and Volksbanken in every quarter. So that was where people usually were clients ...


1

My experience, in the US, is that Credit Unions do not necessarily have better rates than regular banks. There was a time they did but the banking industry has seem to normalize. I found this while shopping for banks over the past 5 years or so. I found the best deal for me, initially was a reginal bank. Through several mishaps and attempts to solve ...


1

German tax laws have found a very complicated way to compute the tax for ETFs. But in the end it basically comes down to the same amount of taxation for both, see the example here. The tax is always charged when the dividend is distributed respectively your dividend gains are accumulating. Capital gains by appreciation are only taxed when they are actually ...


1

I do not comment about the choice of these ETFs, I think they are as good or as bad as others. Instead, I just give some ideas to consider. Be aware that the distributing ETFs distribute dividends which you'd have to invest again. This will probably be tax-efficient as you distribute the gains to the next years instead of having them at the time you sell ...


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