• Update: choose what happens with your money

New art initiatives, green stuff.

    CANCER investigation and treatments
    CARDIAC PROBLEMS investigation and treatments

      ...firstly KUDOS to you all. Keeping bulk of our money principally defaulted at ECB and globally investing in sustainable ecological projects and green energy would be my favorite options.

        A 100% Gold Reserve, no ECB or depositogarantiestelsel needed 👍

          @Lourens-Azure-Tiger#39765 What you're saying doesn't really hold up when you take into account the fact that the user (you) will be in control of choosing whether or not to invest. You can just keep your funds with the ECB and keep using bunq as you are now.

          I think adding investment options for those who want to will make bunq more attractive to a larger crowd. That doesn't mean that bunq has to become an investment bank, they could just facilitate the possibility of storing (a part of) your funds with existing investment initiatives, selecting only those that meet certain ethical requirements.

            Medical research (but no pharmaceutical industries please).

              Crowdfundingplatform

                @Job#39783 Maybe I'm wrong.., but if Bunq goes down because of bad investments, all customers will go down no matter what choice they made.

                And what about principles? Bunq started as a non investment bank, it became something you could tell the people you know.

                That will be a part of the past apparently.

                Would like to know if the customer will be investing directly or through Bunq as main trader.

                In the first option the customer is liable for a bad investment, if the second applies Bunq will be and ALL of their customers.

                Puzzled about all legalities would like to know more about this.

                secind is choisen Bunq will be

                  @Lourens-Azure-Tiger#39801 It's a fair point. I think the risk for bunq depends on the way that this functionality is implemented and I think you are right about that the user should be liable for his own investment choices, not bunq.

                  A (for bunq) risk-free option might be:
                  - All funds are, by default, invested with the ECB.
                  - If the user wants to, he can (at his own risk) choose to invest in investments from a curated list of (ethical) investments through third parties (like perhaps Triodos, ASN, DEGIRO).

                  I think the challenge lies in (1) how bunq determines whether or not a certain investment is ethical/green/sustainable and (2) forging alliances and integrating services with reliable third parties.

                  With regards to principles: would providing users with the possibility to invest through third parties make bunq an investment bank?

                    Thx a million! Grand options!

                      I would propose to invest the money in housing development companies with a specific AIM to create affordable housing for middle and lower income families in urban areas in the Netherlands.

                        I prefer to put my money in green energy or in sustainable startups. For example Sonos motors who are building a affordable electric car, the Sion

                          @Job#39804 I agree..., some more insight about the legalities involved would be nice.

                            I would prefer it if investment would be kept to a minimum. Because for trading or investments you need additional employees that also like would to receive a monthly wage. Costs will increase vary rapidly..

                            And who bears the risks of these investment/trading operations? Everyone, or only the ones that would like their money see invested? Who get the proceeds? Are they put on a separate account, so they can be used to lower the subscription rates annually?

                              @Davy-Yellow-Bear#39824 I would prefer it if investment would be kept to a minimum. Because for trading or investments you need additional employees that also like would to receive a monthly wage. Costs will increase vary rapidly..

                              Not if bunq just facilitates its users investing through third parties. Also, offering the possibility of investing through bunq is likely to make the service more attractive to a larger audience. Hence a rise in paying customers is likely as well, which would even out any increase in costs on bunq's side (if there is any).

                              @Davy-Yellow-Bear#39824 And who bears the risks of these investment/trading operations? Everyone, or only the ones that would like their money see invested? Who get the proceeds? Are they put on a separate account, so they can be used to lower the subscription rates annually?

                              The risk should be with those that choose to risk their money by investing it, then automatically (1) the proceeds should go to the people taking the risk and (2) there is no risk for bunq.

                                @Job#39804 I still see comments as if bunq will provide some kind of investment or savings option.. but that isn't the case.

                                The only thing that will happen is that bunq will setup an investment portfolio (in line with rules and regulations). Normally a bank would invest how they see fit.. in whatever they want. The only thing what will change from a users perspective is that you well be able to choose where bunq will invest your money in. You wont getting interest of something like that... but you do get a very good night sleep because you know your money is supporting something you like! (with zero risk for you)