I’ve always been very private oriented: I started using linux-debian 20 years ago after discarding windows and apple. I rarely buy online but when I did, to be as private as possible I used to create an account using fake data by the e commerce platform I wanted, get my order and then ignore the account until I wanted yo use it again. Most of the times I used a vpn.

This worked till the platform banned me.

Now I’m thinking about investing in ETFs to build some capital for my retirement and platforms recommended to me like trade republic or scalable capital seem to be exclusively smartphone reliant. I wouldn’t use fake data to create accounts here, nor would it be possible (bank data involved).

The trouble with smartphones: I don’t want to be that guy changing smartphones every 2 or even 4 or 8 years. Spending $200 to $800 for a phone for such a short period of time is just a dumb idea, but I don’t know if it would be safe to use my 2018 android 8 smartphone to invest in ETFs. This 2018 model is my first smartphone. It’s a second hand one somebody gave me because he thought I really needed it. I would have never bought a new smartphone on my own. However, unsupported models are not secure for investing and this model stopped being supported years ago.

Another trouble I see: to use scalable capital or trade republic I’d have to download their app in my smartphone. Google is a company I don’t trust. Each time I needed to use something from their app database I got it using aurora, but I’m afraid scalable capital will automatically ban me if I download their app from f-droid instead of doing it officially using google. Using google to create an account would mean giving them my real data, because otherwise I risk being labeled a scammer. Correct me if wrong.

I’d love to invest using only a browser on a desktop.

  • utopiah@lemmy.ml
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    2 days ago

    No.

    Not because it’s not technically feasible but rather I would psychologically not manage to make money knowing my portfolio, either directly or via EFTs, makes me money by profiteering of BigTech or surveillance capitalism.

    Full disclosure : I did have Apple and NVIDIA stocks and I did sell them not because they were not making money (there sure were) but because I felt disgusted by HOW they made money.

    PS: KYC and related laws in a lot of countries demand you use your real information and declare your earnings, so again it’s not a technical problem, it’s at least ALSO a legal problem, and arguably a moral one if you believe KYC kind of laws help to curb money laundering.