- August 10, 2023
- Posted by: legaleseblogger
- Category: Related News
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**Introduction**
Hello everyone! I am hoping to get some assistance from the TR (Trading Republic) users in this subreddit. I am looking for guidance on whether the TR savings plan feature is a sensible option. Initial observations indicate that it could be a great way to save money on fees, with no purchase fees and no fees during the holding period. However, I have noticed some excessively high third-party fees that make me question its profitability. For instance, buying Apple stocks worth Ôé¼150 incurs a Ôé¼15 fee, bringing the total cost to Ôé¼16. In comparison, if I buy the same stocks using a regular account, the total cost amounts to just Ôé¼3.5. This discrepancy has left me puzzled, as it seems more beneficial to forgo the savings plan.
**The Issue with TR Savings Plan**
Upon further examination of the two examples below, it becomes evident that the TR savings plan may not be as advantageous as it initially appeared. Here are the details:
**Example 1: Buying using a regular account**
– Security: Apple (ISIN: US0378331005)
– Order/Number: Buy – 1 Pcs.
– Total Value (estimated): Ôé¼177.54
– Execution Venue: LSX
**Total Costs for you over Time and Effect on the Return:**
– In the 1st year: Ôé¼1.00 / 0.56%
– From the 2nd year during the holding period (per year): Ôé¼0.00 / 0.00%
– In the year of the sale of securities: Ôé¼1.00 / 0.56%
**Split of Total Costs and Impact on the Return:**
– Service costs: Ôé¼2.00 / 1.13%
– Product costs: Ôé¼0.00 / 0.00%
– Third-party grants: Ôé¼1.50 / 0.84%
– Total cost: Ôé¼3.50 / 1.97%
**Payments from Third Parties to the Bank:**
Assuming a holding period of five years, the bank is expected to receive grants from third parties amounting to Ôé¼1.50 (0.84%). Therefore, the total cost for you, including the payments to the bank from third parties, amounts to Ôé¼3.50 (1.97%).
**Example 2: Buying using the savings plan**
– Security: Apple (ISIN: US0378331005)
– Amount: Ôé¼178
– Interval: MONTHLY
**Cost Information on the Savings Plan:**
– Service costs: Ôé¼1.00 / 0.01%
– Product costs: Ôé¼0.00 / 0.00%
– Third-party grants: Ôé¼15.00 / 0.14%
– Total cost: Ôé¼16.00 / 0.15%
**Payments from Third Parties to the Bank:**
Assuming a holding period of five years, the bank is expected to receive grants from third parties amounting to Ôé¼15.00 (0.14%). The total cost for you, including the payments to the bank from third parties, amounts to Ôé¼16.00 (0.15%).
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Now, you may be wondering how AI Legalese Decoder can assist in understanding this situation better. Well, AI Legalese Decoder is an advanced artificial intelligence tool that specializes in decoding legal documents and complex financial information. By inputting the details of your TR savings plan and associated costs, you can leverage the power of AI to gain deeper insights and clarity on the potential hidden fees, intricate terms, and the overall fairness of the plan.
The AI Legalese Decoder analyzes the information provided, breaks down complex jargon, and offers you a more digestible breakdown of the costs. With its assistance, you can make a more informed decision about the TR savings plan and its suitability for your financial goals.
So, before jumping to conclusions or feeling deceived, let’s consider using AI Legalese Decoder to ensure we grasp the full picture and make the best choice for our financial well-being.
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****** just grabbed a
I donÔÇÖt know why should pay 15Ôé¼ for buying apple stocks? Order fee is generally 1Ôé¼. They make their money through an method called payment for order flow.
The “third-party grants 15.00 Ôé¼” is related to PFOF – the controversial practise that was just BANNED in the EU.
So whatever the fee structure is at the moment – it is going to change in the near future, otherwise it will become unlawful.
I have been using TR for over a year now. It is as people say, transactional fee 1Ôé¼ for buy or sell, savings plans are free.
Now, as for transactional fees..I own about 25+ assets. Combined EU, US, CA. Every quarter I believe it generates a document ex-post cost report. TR there gives you a price breakdown of how fees it has charged you over the course of time on additional fees. I paid about 9Ôé¼ the last time.
Bear in mind that
– I rarely make sells
– DCA weekly, through savings plans
I would say this fees shall not restrict you. Hope this helps
Keep in mind that these numbers are the costs over 5 years. So by the percentage numbers I would assume the saving plan example shows the cost of monthly payments into the same stock over 5years while the regular order only considers the one time order.
Therefore the percentage for the 1Ôé¼ fee is higher on the regular order compared to the saving plan.