Nice development. But you're not betting on Europe, you're betting on Europe with high dividends. Why is that?
An investment in the DAX always represents a cluster risk for a German. You are probably already heavily invested in Germany: You have a job in Germany, so you already have a dependency. Maybe you even work for a German company. You're a family man, so you probably won't be able to emigrate so easily if things go downhill here. Another dependency. Since you are a citizen here, you are fully dependent on the economy, politics, healthcare system, ... are also fully dependent on Germany. You are also at Germany's mercy when it comes to taxes. You receive your pension from the German state. And maybe you even own your own property in Germany ... In short, you're already knee-deep in Germany. If things go up in Germany, you'll notice it even without the DAX. The same goes for when things go downhill. Do you really want to increase your dependence on Germany even further?
An investment in the DAX always represents a cluster risk for a German. You are probably already heavily invested in Germany: You have a job in Germany, so you already have a dependency. Maybe you even work for a German company. You're a family man, so you probably won't be able to emigrate so easily if things go downhill here. Another dependency. Since you are a citizen here, you are fully dependent on the economy, politics, healthcare system, ... are also fully dependent on Germany. You are also at Germany's mercy when it comes to taxes. You receive your pension from the German state. And maybe you even own your own property in Germany ... In short, you're already knee-deep in Germany. If things go up in Germany, you'll notice it even without the DAX. The same goes for when things go downhill. Do you really want to increase your dependence on Germany even further?
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@DonkeyInvestor I have selected all stocks, except for Defense, with dividends. I'm thinking that I'll pay part of the tax on the income and then either use the money to reinvest, increase the cash flow a little or simply give something to the kids. You're right about all the other points regarding Germany. I didn't realize that I was already knee-deep in investments there. I'll put the 5% towards Europe. 😄
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•@Bidax but you could also take a normal European ETF that pays out dividends, without it having to be a high dividend directly. Dividend growth > high dividend. I don't even dare to link the matching post from my profile 😅
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•@DonkeyInvestor I'll have a look right away 😅
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@DonkeyInvestor I read that one. I'm not young anymore 😂
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@Bidax Everything under 60 is young 😘
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@DonkeyInvestor 😂😂😂 Well, I'd like to live longer, but I don't think I'll live past 70; my job is nerve-wracking. So I'm already old now
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