IT IS LITERALLY OVER
What does this actually mean?
>>537956518beat me to it, no idea what a neobroker is vs a traditional broker
if I had to guess it probably means a shit ton of people's money is going to vanish at some point
>>537956529a neobroker is just an app a traditional broker has guys in suits and phones
>>537956563pretty much
>>537956617gotcha, thanks>>537956634I hate banks myself but the only advantage is, here, if the bank goes under suddenly, the FDIC allegedly gives you your money back
>>537956197Nigger I can't read this gloopen bloopen language. At least translate what the image says in a green text.
what the fuck is a broker, neobroker, and a bank
>>537956197I'm Gen Z and I do literally everything in cash.I get paid in cash, I do all my shopping in cash, I pay bills with cash, bought my car with cash and even my land, all the building materials i'll use to build my home will also be cash, anyone I employ will be paid with cash. A lot of my commerce is just straight trade as well, be it goods or labour. Any excess cash is converted into tangible physical assets.The risks and ramifications of using banks far outweigh the convenience imo and a bank run is inevitable sooner rather than later, not to mention just rapidly depreciating currency values, debanking risks, asset seizures (like we saw in Canada during their protests).Learn to count again and return to bogan monke lads.
>>537956725Yes, if one bank goes under but they don't have enough if a couple big ones do. Most traditiono banks also have horrendous fees on stock trading and holding.
>>537956197>>537956791Basically: Genz is causing banking dramaNeo broker and TikTok instead of traditional banks, gen z is changing stock trading fundamentally and putting banks into an existential crisis.
>>537957081I'm a millennial and I do everything with a brokerage account at a respected institution and I pay everything with credit cards. While your schizo retard ass is holding and paying for shit with cash ive been getting 4% returns over the last few years with just short term money market funds for any money I haven't bought stocks with and I get 3% cash back with my gold card with every purchase. Stupid cash obsessed goyim is something me, the boys, and my rabbi laugh about at Temple every Saturday. Imagine being so obsessed with trying to live in the real world.
>>537956197What the fuck is a Germany
>>537956197I thought antisemitism was illegal in Goymany?!
>>537956518it means the bankers are going into punisher mode.https://m.youtube.com/watch?v=lGo7NfmD0d4&ra=m
>>537957134I suppose if a couple big ones tank at once we're fucked anyway>>53795776799.9% chance the owners of the neobrokers are jews, so it's not real antisemitism
>>537956563This. Don't worry im sure your money is safe on cheng-pengs hard drive zoomers.
>>537957081I do that and don't keep shit in my bank account, and buy silver.
>>537956991>>537956529>>537956518>its called a neovagina, its the same as a vagina and it means im a woman, bigot
>>537956563Even neobrokers are FDIC insured for 20k Euros and your non-cash assets are free from liability.
>>537959052DGS, the european equivalent of FDIC obviously.
>>537956197because neobrokers actually pay interests.I am getting 3.5% at trading212I am getting 0.05% or something at my regular bank
>>537959193>3.5%€ or $ deposits?
>>537959250euro.IIRC, they can theoretically put your money into MMFs, but they show you a split how your money is currently allocated. mine is just split between JP Morgan and Helaba.the interests are paid out daily
>>537957081Smart ladI hereby bless you with a future land and home ownershipBut if you're wearing noodle hair, gangrape by feral abos it is.
>>537959052>>537959152LolTake a good look at how much is actually in those funds, and what it represents percentually in relation to deposits
>>537956529neobroker: low feestraditional bank, especially Sparkasse: overblown fees and very, very poor financial products used to exploit boomers. They cry a lot because market economy is destroying their exploitative business model right now.
>>537958908Lel
