A solution that outperformed Robur and Kasvukonto.
Hello financial gurus and wealth queens.
You know that I was a long time user of LHV's kasvukonto and often talked about this great product.
Recently, quite by accident, I stumbled upon such an interesting thing from the broker Lightyear as automatic and regular deposits in ETFs and transactions turned out to be completely free if they are also made in the same currency as the ETF is traded in (buying a euro ETF using euros)! I immediately ran to try and it turned out to be so. It is possible to set up daily, weekly or monthly deposits in any of the ETFs of our choice from the list in Lightyear.
At first I did not believe my eyes, but everything turned out exactly as I saw.
Taking into account only the commission of the fund, which, for example, in the case of the S&P500 ETF is 0,07%! I believe that this is the official killer of Robur and Kasvukonto.
And now local banks can't dismiss saying they have a local presence and supposedly the trust of customers and a simplified declaration system. Wait a minute, Lightyear is an Estonian broker! Yes, and a broker that is being improved by the former creators of Wise. Isn't that cool?
In general, while I was staring at auto payments, other goodies also pulled up:
- a web version has appeared, while of course, still in beta testing, but the guys direct all their efforts on the development of the web version as well.
- the presence of a Business account, and unlike Interactive Brokers, the opening takes place not in a month, but in a minute! If not less.
- you can also register an LEI code immediately for the company and at the lowest price, as if you were buying this code on Bloomberg
I'm not talking about the updated interest on the deposit, which in the case of EUR money at the level of 3%, and for the dollar as much as 4,5%. I have already saved up about 30 euros in a couple of months! But to be honest, Lightyear reserves the right to change interest dynamically.
In general, it's cool to watch this success story!
If you like Lightyear, don't forget to use the promo code - "emotional", it will give you 20 euros in US stock market fractional stock equivalent if you upload at least 20 euros on your side.
Investment services are provided by Lightyear Europe AS. Read the terms and conditions at lightyear.com/documents and consult with an expert if necessary