++ Monthly savings plans - My current path 🚀++

As many people keep asking me which savings plans are running in my custody account, I would like to provide a list here.

First of all, my entire custody account is with ING-Diba.

Although I receive a commission of 1,75 % I am very satisfied with the service/app and broker.

ETF savings plans, on the other hand, are free of charge.

Here again a short list of the advantages and disadvantages of savings plans:

-Advantages

Reduce risk:

As the cost-average effect (CAE) results in the average entry price of a share approaching the "average price of the last 12 months".

This is achieved by investing the same amount in shares every month over a period of 12 months, for example.

Buy and hold:

Statistically, the tendency to buy and hold is associated with the highest returns for private investors.

Small cattle:

You can start with small monthly amounts. Your money will grow over time, even if you only invest small amounts.

Quick start:

It's easy to get started: share savings plans allow you to invest from as little as EUR 1 per month, depending on the bank.

-Disadvantages

Time to buy:

The choice of timing is limited: Share savings plans are executed on the 1st, 7th, 15th day of each month for most providers, leaving little room for intervention.

Fees:

Higher fees may apply: Many providers may charge a fee of, for example, 1.75% of the savings plan amount per execution.

Long-term nature:

Share savings plans are primarily intended for long-term investors.

Investors looking for a quick return may want to consider alternative options.

The following positions are currently held in my portfolio via a savings plan:

- 100 € ~ FTSE All World ($VWCE (+0.17%))

- 50 € ~ Alphabet ($GOOGL) (+0.94%)

- 50 € ~ Merck & Co. ($MRK (-1.77%))

- 50 € ~ Microsoft ($MSFT (-1.05%))

- 50 € ~ Tesla ($TSLA (-4.58%))

- 25 € ~ Apple ($AAPL (+1.34%))

- 25 € ~ Palantir ($PLTR (+6.35%))

- 25 € ~ Allianz ($ALV (-0.66%))

- 25 € ~ Walt Disney ($DIS (-0.24%))

- 25 € ~ Walmart ($WMT (-2.1%))

- 25 € ~ Intel ($INTC (+1.8%))

- 25 € ~ Unilever ($ULVR (-1.44%))

- 25 € ~ Coca Cola ($KO (-0.4%))

- 25 € ~ Mc Donalds ($MCD (-0.31%))

The total amount of 525 € per month flows directly per savings plan into the custody account.

In addition, I make irregular individual purchases to expand existing positions or add new ones.

I build up a monthly cash position in my clearing account for this purpose.

The nest egg is transferred directly to the call money account at the beginning of the month.

I am also currently planning to increase or new introduce.

-Increase/repurchase:

$EWG2 (-0.3%)

$TSLA (-4.58%)

$NU (-0.2%)

$8001 (-0.17%)

$LDO (-0.04%)

-New acquisition/first purchase:

$AWE (-1.27%)

$RHM (-0.78%)

$AVAV (+0.75%)

$6301 (+0.83%)

$NKE (-6.85%) (but only at a price of 50.00 $ 😉)

Thank you for your attention and good luck with your investment. 💸

LG

Michael