Originally Posted by
Clorox
How much were the fees through SocGen?
If I just want it for the status and not for the investment shouldn't I just buy 1 share and eat the transaction fees?
I think the only fees were the international fund transfer charges. Accor's own website says 1 share is all it takes, but going through all that trouble (and also taking into account the Gold benefits) I'd just get a few more
Originally Posted by
Jeff_
Well for 1 share it's not a lot in euro, in % that's probably the worse investment you can make as fees are floored at 9Eur
But if you only want it for the status you can try the solution of Wantan because with a brokerage account you will probably have annual fees + a fee to register your position to Accor books (around 20eur depending on your broker). Cons it seems that you wont be able to trade anything else than Accor share (but I might be wrong)
Wantan, I am a bit curious of how it works. Did you open an account on SG ? If you want to sold your position or transfer your dividends do you have to do it by phone ? Is it really simplier than using a classic brokerage account ?
just used my existing local bank account.
haven't bothered to login to my SocGen account, so unsure what can be done on that side.
As above, no idea how to sell the shares, but I've more than recouped the "investment" through Lounge benefits, bfast and suite upgrades
(as Plat)