(@maybachfahren) on getquin

10Mon·

1 Who am I?

Hey,

I'm 20 years old and I'm finishing my apprenticeship as a bank clerk at a savings bank in June. After completing my training, I'm aiming to study business administration, as I don't see myself as a "bank advisor" in the future and I'm not completely convinced by the banking sector. My monthly savings rate is currently very high, as I still live at home and hardly have to pay any rent. I also receive monthly maintenance from my dad and I have a part-time job in catering. I am very grateful to my parents that I can put so much aside each month and try to spend as little money as possible on unnecessary consumption.

2. strategy/investment goals

My strategy is core-satellite with at least 65% ETF share and the rest in individual stocks and precious metals. As a result, in the near future only the $VWCE (+0.45%) and $CSPX (+1%) ETF. I have chosen a distributing variant for the ETFs as I want to make full use of the tax-free amount. The bond ETF $IBGL (-0.54%) is a speculation on the ECB's interest rate cuts, which will hopefully happen soon, and the individual share positions are now all Grow companies. My investment horizon is over 40 years and my securities account acts as a later retirement provision. When I start my studies, my monthly investments will be significantly reduced for the time being, as I have always been very frugal and have hardly seen anything of the world. When I finish my studies, I will start investing again in the global economy in a broadly diversified and aggressive manner.

I look forward to your opinions and suggestions for improvement. :)

Thanks in advance!

10 Comments

10Mon

Hey, your depot looks really great, especially for your age!

Keep up the good work, your attitude and respect for your parents will take you a long way.

Your strategy also makes sense so far, I like the stocks in your portfolio, I don't see any gambling.

Regarding your ETFs, there are certainly good opinions against a distributing variant, because you can also use the tax-free amount in other ways.

Precious metals: what did you have in mind? Gold?

May I ask why, if you still have enough time to invest?

You should take another close look at this, so that you don't end up 5 figures worse off when you retire just to own some gold that gives you a sense of security but doesn't pay dividends, for example.

As for the interest rate cuts, the broad market expects it, an increase is less likely, especially because inflation overseas is also under control, keeping interest rates at the same level is probably the best solution, at least for the time being.

My reason for not buying bonds:

If interest rates are lowered now and not quickly enough or I don't manage to sell my bonds at a profit, there is a risk that inflation will rise to new highs again, which (should/)would result in renewed and significantly higher interest rate hikes.

The speculation makes sense, no question, but keep in mind that even if you are "right", it was still a lot of luck and could be different in the future.

Welcome to the community! 👍

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Benne@CapitalCyclist

10Mon

Hi,
solid portfolio!
I like your introduction to yourself and your portfolio!
It's great that your parents are so supportive and that you've already invested so much at your age😁

I like the individual stocks.
Keep up the good work!
I agree with the criticism of the bond ETF @Gerit.

PS:
Traveling will take you very far in life. Do it while you are young and have no obligations to other people etc.!

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Timo@TimoBrod

10Mon

Is there a reason for the ASML ADR ? And not the ordinary share ?

Except for the Deka fund everything is great, but I guess it was/is VWL services of the bank or ?

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Tom K.@Tom18

10Mon

Really good depot, I like it very much. Good luck with it 👍

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Lukas98@Lukas98

10Mon

Great attitude and deposit, respect. It's also great that despite your trainee salary (and alimony) you're still working a part-time job to increase your savings rate. Just don't forget about life...especially at that age, it's insanely cool to just go on vacations and experience things.

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Ina M.@peacock

10Mon

I think the depot is great too, just like your plans and attitude 👏👏👏😁😁... I wish I'd been ready when I was 20. But the internet was still in its infancy then. And nobody in my family had anything to do with shares.
Gold, I don't really know. It's all a matter of opinion. I don't have any. But I do have a bond ETF.
Ultimately, the only important thing is that you're happy with your portfolio and can sleep well.

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