Czech, have you started to use Dlouhodobý investiční produkt? If yes, which provider and why? If not, also, why (probably, because of ridiculously high fees?), and are you looking for some "cheap" broker like XTB to start offering it? Thanks.

@oleksandr is that some new "mode" for extra pension fund?

@pony Yes, it's like DPS except a) no contributions from state; b) you can subtract what you invest from the tax base straight away (there's no lower threshold, but there's a ceiling, of course); and c) you can choose what to invest into on your own.

@oleksandr interesting, i guess i can have both? i am just buying stock funds on my own, if i get some tax deduction on it, it may be worth it even if fees and no arbitrary termination before some X

@pony Yes, you can have both. As for termination, it's 10 years of investing and age of 60.

@oleksandr both is hard requirement?

@oleksandr I have not. I'm still contributing to my old pension fund and somehow waiting what will happen.

@Jann "Old" as in DPS (Doplňkové penzijní spoření) or even older PP (Penzijní připojištění/transformované fondy)?

@pony Yes (with exceptions for invalidita/smrt), otherwise you'd have to return all the tax discounts and also tax the profit.

@oleksandr not getting much out of my stocks in case of smrt

@oleksandr @Jann wait is the transformovany fond "even older" now lol

@pony @oleksandr DPS in my case.

@Jann @pony DPS doesn't seem to be as bad as PP. As for DIP, I'm waiting until lower fees are offered, otherwise pumping stuff into, for example, Portu with 0.5% management fee is kinda OK for short-term (as it can be countermeasured with tax deductions), but in long-term it's quite a hit.

@oleksandr @Jann my "transformovany fond" on a 2011 contract sent me report with 3.6% gains for the last year, which is worse than a regular saving account has these days, eh

@pony @Jann You should just ditch it really.

@oleksandr @pony 2022 was a bad year with red numbers for me (thanks, Putin) but I had more than +20% last year.

@Jann @pony With DPS that's OK and expected.

@oleksandr @Jann i don't expect crazy lot but how do you make even less than if you just bought gobo bonds

@pony @Jann Well, you can just leave money on běžný účet :).

@oleksandr @pony Maybe expected, but definitely not always reached. 😅

@oleksandr @Jann maybe i should ask someone there what the hell is going on

@pony @Jann /me would be curious to read their reply. But this thing is very conservative by definition, so you won't squeeze a lot more.

@oleksandr @Jann oh it's actually just 2.95%, i mean, ok, you cannot compare it with normal investment because you're guaranteed no loss, which is already bit crazy on some level, but still

@oleksandr @Jann weirdly enough, it's not even the worst result, by far...

@Jann @oleksandr and yeah, it's always been so little that in reality i am mostly losing money on it? it underperforms the inflation even, so... the only way it makes sense is i get the state contribution and the tax-free employee money they'd not give me otherwise, not sure if that's possible with other schemes

@pony @Jann An employer can contribute tax-free to both DPS and DIP. The state contributes to DPS only.

@pony @Jann Graveyard lol.

@oleksandr @Jann i mean, i would be fine with 0 actually, given what it is, but -23.66 is... eh

@oleksandr buy the dip!