So I by no means invested my cash earlier than. I’ve over 100k in my checking account plus some small quantities in crypto. Recently discovered that on a few months dutch banks are gonna cost me a 0.5 p.c curiosity over cash I hold over 100k. I dont know the way they’re gonna cost however they begin this July.
I’m slowly investing my cash in etfs however will probably be some time earlier than I’m beneath 100k as a result of I additionally work a job. I dont wish to blindly dump every part over 100k in an etf as a result of I believe dca is best.
Another factor is I wish to transfer to the us or uk within the coming months.
One choice is to only open a second checking account and switch half of my cash there. I wouod be paying like 25-30 euros per 12 months in charges. If I transfer to a different nation I’ve two financial institution accounts to take care of. They additionally cost like 20 euros for closing the account.
Secons choice is to try to make it work with one account. Invest every part over 100k and try to hold my checking account beneath 100k. This has the drawback that I lump sum put money into etfs. I normally prefer to hold cash in hand so I can make investments. But the plus facet is I’ve just one checking account and no must pay charges on second checking account.