A green background + a shapeless white circle with two dots. If you didn't know that it was supposed to represent the nose of a pig (Spar), it could also be a green power socket.
Today I present you #Oskar to you. For my research and source, I also obtained the white paper from the support team, which more or less overwhelmed me. That's why I had to copy a lot of the information so as not to deprive you of any details about what the Oskar brand offers you or what it advertises. You can find most of it exactly as it is in the whitepaper or on Oskar.de, see the source reference at the end of the post.
The Roboadvisor Oskar:
What is Oskar:
Oskar is a brand of Oskar.de GmbH, under which Oskar.de GmbH operates the websites and apps and Scalable Capital GmbH manages the assets. Baader Bank AG manages the custody accounts with clearing accounts.
The aim of Oskar: has set itself the goal of making complex investment strategies, which in the past were primarily used efficiently by institutional and wealthy investors, equally accessible to every private investor. The fundamental motivation behind the investment concept is the systematic accumulation of assets, taking into account the client's specific risk tolerance. In order to be able to offer each client a fully customized investment strategy, Oskar's investment model combines the digital allocation of an individual investment profile for each client with portfolio construction through strategic investment allocation and digital portfolio management.
PART1 The whitepaper:
Individual investment profile
As the customer's financial situation, long-term investment goals and risk appetite are individual characteristics, each customer first undergoes a digital assessment of their risk appetite. Based on this, they then select a risk class that lies within their risk tolerance limit. Each individual client portfolio is based on a strategic investment allocation that is defined for the various risk classes.
Portfolio construction
The starting point for the investment strategies is the definition of the investment universe. Here you rely on a special selection of exchange-traded index funds (so-called ETFs) that track all relevant global financial markets. The investment concept based on this is fundamentally based on the scientific theories of Harry Markowitz and William F. Sharpe and aims to achieve broad diversification between asset classes, regions and currencies in order to achieve good, risk-adjusted returns over the long term. The investment concept is implemented in five strategic investment allocations, which follow the same global market strategy, but differ in their risk profile due to varying target ratios of the individual portfolio components.
Digital portfolio management
While the individual investment profile and investment strategies form the core of the investment decision for each client portfolio, the practical implementation of the strategic investment allocation in each individual client portfolio is carried out using state-of-the-art technologies and optimization processes. In particular, this enables regular monitoring of client portfolios and adjustment to the optimum target weightings, for example in the event of market movements.
Oskar investment philosophy
Investment universe and investment products
which are used for portfolio construction. Instead of investing in individual securities, it relies almost exclusively on passive listed index funds (exchange-traded funds or ETFs). The only exception is gold, which is traded on the stock exchange as an exchange-traded commodity (ETC) in the form of a certificate, but is backed 100% by physical gold as a bearer bond.
Listed index funds
In contrast to investments in individual securities (e.g. shares or bonds of individual companies) from specific asset classes, Oskar invests in funds, i.e. in baskets of investment instruments that represent an entire asset class. This guarantees diversification within the respective asset class and, in conjunction with the already diversified investment universe, additionally improves the diversification potential. In order to be able to offer this service to investors at low cost, Oskar generally selects passive, listed index funds, so-called exchange-traded funds (ETFs), as investment instruments, as well as exchange-traded securities that track the performance of commodities (exchange-traded commodities, ETCs).
The following criteria are taken into account here:
● Costs - The total expense ratio of a fund, including custody account fees and management fees incurred, is summarized in the total expense ratio (TER). ETFs with a comparatively low TER are preferred in the interests of the investor.
● Liquidity - The liquidity of an ETF is based on the number of shares of this fund traded on the stock exchange - the secondary market - as well as the general volume of the market represented by an ETF. The latter refers to the liquidity of the individual securities on which an index is based, whereby liquidity is generally expressed by the narrowness of the so-called bid-ask spread. ETFs with a low trading volume usually have a wider bid-ask spread and therefore higher implicit trading costs. Oskar therefore prefers to select more liquid products that are traded by a large number of market makers.
● Taxes - Tax aspects play an additional role in long-term investment success. In particular, the distribution behavior of an ETF (distributing vs. accumulating) has an impact on tax payments and ultimately on the return generated. In terms of tax deferral, Oskar prefers accumulating ETFs. In addition, asset classes from certain regions may have tax advantages or disadvantages depending on the fund domicile of an ETF.
● Precision - The more precisely an ETF tracks its index, the lower the tracking error. A decisive criterion here is whether the ETF fully or only partially replicates the index. ETFs that buy all the securities underlying the index are preferred due to the lower tracking error, as long as this advantage outweighs any higher costs or disadvantageous liquidity in trading the product.
● Physical replication - Prefers physically replicating ETFs that hold the underlying securities of an index in order to replicate the index. Synthetic ETFs, which replicate the index via derivatives (swaps), have a lower tracking error but entail additional counterparty risk.
● Sustainability - Oskar prefers sustainable ETFs whose replicated index filters the respective market according to ESG (Environmental, Social and Governance) criteria. These ETFs can track the same asset classes as non-sustainable ETFs, but exclude companies that do not meet the above criteria. The prerequisite for selection is that there is a sustainable ETF on the market that does not increase the average costs of the portfolio.
Oskar's statement: "The ETF selection should therefore ensure the best possible balance between all criteria. In addition, decisions made are continuously monitored over time and adjusted if necessary.
Portfolio components
Each Oskar portfolio consists of a composition of equities, bonds and a component that Oskar refers to as inflation protection. As these three categories describe both the investment instrument and the function in the portfolio and therefore do not correspond exactly to the scientific definition of asset classes, Oskar refers to them below as portfolio components.
Once Oskar has defined the portfolio components, you determine the appropriate investment products to reflect them.
Components:
Equities:
The challenge in constructing a global market portfolio is to reconstruct the global market as completely, cost-effectively and without overlaps as possible from the available passive products. The equity component therefore aims to cover all relevant equity markets in industrialized and emerging countries. We achieve this through equity investments in the five regional markets of the USA, Japan, Europe, Asia-Pacific (APAC) and emerging markets. As things stand, splitting the global equity market into individual, regional components allows us to reduce costs compared to a single, globally invested equity ETF and increases the probability of being able to benefit from future cost reductions by individual ETF providers in sub-segments of the equity market. In addition, the breakdown into individual regional markets allows the portfolio allocation to deviate from a pure market capitalization weighting of the equity position. In this way, individual risks can be managed or reduced in a targeted manner. Regions: Large Cap USA, Large Cap Japan, Large Cap Europe, Large Cap APAC, Emerging Markets, Small Cap Global
BondsThe structuring of the bond component also aims to map the global bond market as comprehensively as possible. The diversification across different currency areas, maturities, issuers and credit rating classes reduces aggregated interest rate, credit and currency risks. The "Global Aggregate Bond" ETF selected by Oskar contains government bonds, bonds of government-related issuers, corporate bonds and mortgage bonds, diversified over various maturities, from global issuers whose creditworthiness is rated investment grade by the leading rating agencies. As currency risk accounts for a disproportionately large share of the volatility of bond positions in foreign currencies, the majority of bond investments are made by means of a currency-hedged position (EUR-hedged) for investors from the eurozone. Due to the credit rating requirement for the bonds included in the "Global Aggregate Bond" index (investment grade), emerging market government bonds are not usually included. Nevertheless, in order to exploit the diversification potential, Oskar has expanded the bond component to include a product for emerging market government bonds. Regions: Global, Emerging Markets
Inflation protection: As equities, and in particular conventional government bonds, do not offer effective protection against inflation risk in the short to medium term, the portfolio allocation includes a combination of physical gold and inflation-hedged euro-denominated government bonds. These components also serve to diversify the portfolio and thus stabilize portfolio performance in volatile financial market phases. Region: Gold, Europe
Portfolio construction:
Oskar considers both the strategic investment allocation, which describes the weighting of the investment products within each portfolio component, and the management of the individual risk profiles, i.e. the weighting of the portfolio components in the overall portfolio.
Strategic investment allocation
● The equities portfolio component can be divided into two further components in terms of market capitalization: Companies with high market capitalization (so-called "large cap" stocks) and smaller companies with lower market capitalization ("small cap" stocks). According to academic studies, small cap companies can generate excess returns over the long term compared to large cap stocks. To capture this so-called "size factor premium", Oskar slightly overweights the asset class relative to its market capitalization.
● To avoid excessive concentrations, individual regional markets within the class of large cap equities may be included in the portfolio allocation with a maximum weighting of 30%. As things stand today, this means, for example, an underweighting of American equities in favor of other regions and reflects in particular an approximation of the average investment decision of European investors. The maximum weighting of 30% applies across all equity ETFs, i.e. in particular across the sum of large cap and small cap ETFs.
Example: 26% equities US 6% equities Japan 21% equities Europe16% APAC16% Emergency Markets15% equities Small Cap Global
The allocation within the bond component of the portfolio is also derived from a weighting according to market capitalization. The underlying relevant market capitalization corresponds to the values of the respective equity markets. Example:85%Global Bonds 15%Emergeny Markets Bonds
Gold and inflation-linked bonds are considered equally important in terms of their role in inflation protection and diversification. Both positions are therefore equally weighted in the inflation protection component of the portfolio. Example: 50%50%
Risk managementThe risk contribution of equities in a normal equity-bond portfolio far exceeds the equity allocation. This means that price fluctuations, even in diversified portfolios, can largely be explained by the equity ratio. It therefore makes sense to classify risk based on the equity allocation of the investment strategy. Oskar offers a total of five investment strategies, which differ primarily in terms of their equity allocation and therefore their risk profile. Each of the five strategies comprises all three portfolio components (equities, bonds and inflation protection) and follows the same allocation strategy within each component. The differences between the individual strategies therefore result exclusively from the different ratios of the individual components to each other, in particular through different risk classifications based on different equity ratios.
The exact calibration of the weights of the five allocation strategies is based on the following assumptions:
● Minimum 50% equities The Oskar investment strategy with the lowest risk consists of 50% equities. Even for less risk-averse investors, this provides a balanced opportunity for returns, as equities have proven to be the strongest driver of returns in the past.
● Maximum 90% equities For risk-averse investors, the Oskar 90 strategy offers an equity allocation of 90%. In order to be able to take advantage of the benefits of diversification even in the most offensive strategy, even this includes a minimum of bonds and inflation protection of 5% each.
Step size The gradation between the different risk categories is made in steps of ten percentage points each. This step size results in sufficiently different portfolio allocations and still allows the investor a sufficient range of risk specifications.
Investment strategies + their weighting of portfolio components in the portfolio
OSKAR 50 50% 35% 15%
OSKAR 60 60% 27.5% 12.5%
OSKAR 70 70% 20% 10%
OSKAR 80 80% 12.5% 7.5%
OSKAR 90 90% 5% 5%
Portfolio management
All Oskar portfolios are managed individually and digitally. This enables the user to make convenient and professional investments with maximum transparency.
Portfolio monitoring
Each Oskar portfolio is monitored on an ongoing basis. The current weighting of the portfolio is compared with the weighting of the target portfolio at all times. Deviations from the target portfolio result in particular from changes in the market price of the individual positions, distributions of individual ETFs or deposits/withdrawals by the investor.
Portfolio rebalancing
The reallocation of individual client portfolios is based on threshold values. This means that if the portfolio weighting deviates significantly from the target weighting, reallocations are automatically triggered to bring the portfolio into line with the target portfolio. Oskar uses this threshold-based adjustment, which can be carried out daily whenever necessary, to keep the risk of the portfolio under control at all times.
Trading cost optimization
In the rebalancing process, Oskar takes a number of constraints into account in order to keep trading costs at a manageable level. A mathematical leeway is given to the respective target quota in the investment process so that an almost identical result can be guaranteed with a lower trading volume.
Taxes
Oskar optimizes the tax burden of our client portfolios throughout the entire investment process, both when selecting and exchanging ETFs and when trading gold. The focus here is on the compound interest effect, which is relevant for long-term wealth accumulation.
ETF selection
When selecting ETFs, Oskar prefers accumulating ETFs to distributing ETFs. Accumulating ETFs do not distribute their income, but reinvest it so that the distributions are not taxed with withholding tax, solidarity surcharge and, if applicable, church tax. Instead, an advance lump sum is due at the beginning of the calendar year, which is based on the fund's performance in the previous year and the prime rate set by the Bundesbank for each tax year and is credited when the ETF is sold. Overall, you can therefore benefit from a higher compound interest effect with accumulating ETFs.
Exchange of ETFs
If a more suitable ETF becomes available for a portfolio component, Oskar gradually exchanges it for the existing ETF. Oskar uses the old ETF for sales, but only the new ETF for purchases. In contrast to an immediate exchange, this has the advantage that taxes are only realized when they would have to be realized anyway based on the allocation decision and compound interest can therefore be used optimally.
Tax-free holding period for gold
When trading within the inflation protection portfolio component, Oskar ensures compliance with the tax-free holding period for gold. If gold is held for more than one year, capital gains are tax-free. If gold in the portfolio is sold, preference is given to selling certificates that have been held for longer than one year in order to benefit from the tax exemption. In compensation, there is sufficient leeway to increase the proportion of gold in the inflation protection (ex-ante: 50%) if a sale using the method described above is not yet possible. As a result, a relative increase in the gold holdings is offset by a relative reduction in the holdings of inflation-linked bonds, so that the inflation protection component of the portfolio retains its weighting in the portfolio.
Payments in and out
Oskar uses deposits, for example in the form of a monthly savings plan, to anticipate a reallocation process. This means that at the time of your deposit, the system checks which ETFs are currently underweighted compared to the target weighting. Your deposit is used to increase the holdings of these ETFs in order to achieve a rebalancing effect with your deposit. If the deposit amount is greater than the capital required for the rebalancing, the remainder of the deposit is distributed pro rata across all portfolio components. Conversely, in the case of partial disbursements, a pending reallocation is also anticipated at this time.
Part 2: Different portfolios
How did I come to Oskar as a long-standing equity investor? A very good friend was interested in investing in shares and ETFs for her new-born child and wanted my personal opinion. I advised her to invest in ETFs, but I'm not a fan of ETFs myself. I prefer to choose individual shares and then hold them using a buy and hold strategy. Equities were too risky for her and, as a new mother, dealing with all the ETFs was too much work. So I promised to find her a passive investment opportunity. At some point I came across Oskar. As I don't recommend anything to anyone that I haven't tested myself, I set up an account myself. My chosen portfolio is now called Oskar Klassik, as I am very speculative with my shares. I have chosen the conservative Oskar 50 strategy here.
Now I would like to introduce you to the different portfolios:
Oskar Classic
advertises with: Investing with OSKAR is possible for small and large assets or as a savings plan from 25 euros a month.
- With the ETFs included in the OSKAR strategy, you can invest in over 10,000 individual stocks at the same time. And worldwide.
- We select the best and most favorable ETFs for you from the jungle of over 2,000 ETFs. We swap ETFs when more suitable ones are available on the market.
- OSKAR invests not only in the world's largest companies, but also in growth stocks, second-line stocks and emerging markets for higher potential returns.
- To generate regular interest, OSKAR invests a portion of your investment in currency-hedged government and corporate bonds with high credit ratings.
- Oskar chooses ETFs tax smart and takes care of the rebalancing of your investment so you don't have to.
- No extra costs for custody account management, account management, securities transactions, rebalancing. Everything is included in the total fee of 0.8% to 1% p.a. (plus 0.14% ETF costs)
- DIE WELT am Sonntag says: With OSKAR, everyone can now save easily
- CAPITAL, ntv, FocusMoney and ELTERN rate OSKAR as "very good"
Yield development: Oskar 50Good performance 8.81% Average performance 4.35% Poor performance 0.06%
Oskar 60: Good performance 10.03% Average performance 4.74% Poor performance -0.28%
Oskar 70: Good performance 11.24% Average performance 5.11% Poor performance -0.68%
Oskar 80Good performance 12.44% Average performance 5.45% Poor performance -1.11%
Oskar 90: Good performance 13.66% Average performance 5.78% Poor performance -1.56%
With Oskar you can save for the whole family and only need one account. You can create as many accounts as you like within your account. E.g. for your own children, grandchildren, godchildren, etc. Each account can have different savings plans and risk classes.
Problem with the ETF savings plan:
- Existing broker custody account required
- ETFs must be selected independently
- No tax optimization when switching / selling
- Several savings plans are required for global and theme-specific coverage
- You have to carry out reallocations yourself
- Switching costs fees
- Only one party can save in an ETF savings plan for children.
- Children's savings plans require their own accounts
- No risk categories can be selected
- No payout plan possible
Solution with Oskar:
- can be opened in 15 minutes without an existing broker account
- selects suitable ETFs from 2,000. The focus is on costs and performance and, if necessary, automatic and free swaps are made
- is tax-smart
- invests in up to 10 ETFs at the same time. This gives you worldwide coverage. contains an inflation protection component and is also currency-optimized
- has automatic rebalancing
- has no extra costs for rebalancing, buying and selling
- Grandma, grandpa and others can save with you
- everything can be viewed clearly via a login in an app/website
- offers a choice of 5 risk categories
- offers payout plans
All the other portfolios I am about to present to you are not yet used by me, these are just copy&paste from the website Oskar.de
Oskar Kids: advertises with
- From as little as 25 euros a month
- OSKAR invests in low-cost ETFs
- Decide whether the account should be legally in your child's name or yours
- With OSKAR, you can start saving now for your child's studies, training or stay abroad.
- Grandma, grandpa and others can save with you at any time, as each OSKAR account has its own IBAN
- If you wish, your child can be given read-only access to the account. This way they learn about finances along the way.
- OSKAR was awarded top marks by the magazine ELTERN
- Stiftung Warentest about OSKAR: "OSKAR: The child-friendly robo (digital investment)"
The whole family in one Oskar account.
Take out Oskar in the name of "the child "The conclusion in the in the name of the child results in a tax difference: Normally, every child (and every adult) can use a saver's lump sum of 801 euros per year. No tax is then payable on this amount. However, income from custody accounts in the child's name can also remain tax-free up to the amount of the basic tax-free allowance (EUR 9,984) and the special expenses allowance (EUR 36). The total tax-free income limit for children in 2022 is therefore EUR 10,821. You can ensure this by submitting a so-called non-assessment certificate (NV certificate) for the child. With Oskar, you can open accounts in the child's name and benefit from the tax advantages.
§ Tax-free investment income up to 10,581 euros per year (lump sum (801 euros), basic tax-free allowance (9,744 euros), special expenses allowance (36 euros))
§ Money belongs to the child (has power of attorney)
§ No gift tax is payable (if no more than EUR 400,000 is paid in within 10 years)
§ More effort is involved as all legal guardians must agree, birth certificate must be submitted
§ If the assets exceed 7,500 euros, there is no entitlement to BAfög
§ If the average income is higher than 470 euros per month (or 445 euros per month in Eastern Germany), free family insurance does not apply
§ Opening a child account is only possible for minors
Oskar in your own name for the child. Although you will not be able to take full advantage of the tax-free income limit for the child, setting up an ETF savings plan is much less complicated: you do not have to submit a birth certificate, a non-assessment certificate is generally no longer required and the money saved belongs to you. This means you can decide for yourself when to transfer the assets to your offspring. And you can also decide how much money you transfer. Your child's maximum assets may still not exceed 7,500 euros if the entitlement to BAföG is to be maintained.
§ Control over the money is not transferred to the child
§ Tax benefits no longer apply, as your own tax-free allowances must be used
§ Opening an account is very simple
§ BAfög and insurance are not an issue
§ Only you have access to the account. If you would like the second legal guardian to also have access to the account, please answer the question "Should the investment be made in your name or in the name of the child?
Oskar VL: My partner, for example, uses Oskar VL and has not yet complained.
- Special features: 100% low-cost equity ETFs with global diversification
- Sustainable investment criteria
- From as little as 25 euros a month
- No minimum term (no 7-year lock-up period)
- Your money is available at any time
- No basic fees. You only pay the regular fees Gebühren
- No state subsidy for incomes under 20,000 euros
Already have a VL account? That's no problem. You can suspend your old VL contract at any time without terminating it and simply use OSKAR VL from now on. Your employer simply has to transfer the VL contribution to your OSKAR account from now on.
How can I start Oskar VL: Any employee entitled to VL can open a VL account. Or, if you already have an OSKAR account, click on the + sign in your account to open another account. Then select VL account).
You will receive the "Application for transfer of capital-forming benefits" from us to submit to your HR department after opening the account. That's all you need to do.
Ask your HR department or your line manager whether you are entitled to VL.
What is the difference between Oskar classic and Oskar VL? Besonderheiten of Oskar also apply to Oskar VL. The only difference is that the law stipulates that VL products may only use equity ETFs. OSKAR VL therefore uses 100% equity ETFs and no bond or commodity ETCs. This also means that there is no choice between investment strategies with OSKAR VL and therefore no inflation protection component.
What does Oskar VL cost: In contrast to some other providers, OSKAR VL has no basic costs. There are also no additional costs or fees for VL management. There are only the regular Gebühren fees.
Oskar Black:
If you happen to have more than €50000 lying around. Then Oskar Black could be of interest to you.
How do I become an Oskar Black customer? If one of your portfolios has a market value of at least €50,000, you will automatically receive black status. You don't have to do anything else. This way you can enjoy new service features. If the average market value of your portfolio is at least 50,000 euros in the billing period, you can also look forward to lower costs.
Important: Your investment strategy and the ETFs used will not change as a result.
Why Oskar Black?
- Lower fees: From an average market value of client assets under management of at least EUR 50,000 in the accounting period, the costs for the portfolio are reduced to 0.70% p.a.. This corresponds to a saving of up to 30% on the regular fees of up to 1.00% p.a.
- More service: As a black customer, you are supported by a personal service team specially trained for large investment amounts. As a black customer, you also have your own service hotline, which guarantees the fastest possible processing of your concerns.
- Optimized tax burden: If your securities account shows profits before the end of the year, we will realize these for you in the amount of the exemption order you have issued. This puts you in a more favorable tax position than if all income is only taxed at the end of your investment period.
- Pension plan: Change your investment strategy depending on your age or individual situation. As a black customer, you will also soon be able to use our pension payout plan. On request, we will then pay out the amount you have selected from your portfolio each month.
New to the Oskar family is Oskar Pro.
Oskar Pro
While OSKAR klassik is designed as a basic investment, OSKAR pro goes one step further and enables direct investment in promising sectors and future technologies.
There is currently one OSKAR pro strategy each for cryptocurrencies, megatrends and value/dividends. Each OSKAR per strategy contains several ETFs specializing in the respective theme, which in turn invest in a large number of corresponding shares or cryptocurrencies. This allows you to achieve a broad diversification of your capital within a theme by investing in OSKAR pro.
Each OSKAR pro strategy is designed as an independent portfolio and you can invest both via individual investments and via savings plans. Although OSKAR pro portfolios have a higher potential return than OSKAR klassik, they also have a significantly higher risk due to the concentration on one theme. This is particularly true of OSKAR pro crypto. In addition, the fees charged by the ETF or ETP providers for some of the ETFs or ETPs included in OSKAR pro are higher than for OSKAR classic - which, although the fees for OSKAR itself remain the same, leads to higher overall costs. In addition, investments in sustainable ETFs are not always possible with trend themes. However, as soon as cheaper or more sustainable ETFs are available that meet our investment guidelines, we will swap the ETFs or ETPs for you. OSKAR pro portfolios are currently only available to customers who also have an OSKAR classic or VL custody account.
Part 3: What else I wanted to say or has not yet been mentioned
Costs: You now know the different portfolios, but what does the fun cost you? The service fee of Oskar.de GmbH, the fee for asset management and the costs for securities trading are 0.7% p.a. for a portfolio value of 50,000 euros or more, 0.8% p.a. for a portfolio value of 10,000 euros to less than 50,000 euros and 1% p.a. for a portfolio value of less than 10,000 euros. In addition, there are external product costs for the financial instruments of 0.14% p.a.. However, these are already priced into the ETFs and are not calculated separately.
In other words, you have the following total costs (all costs p.a.): up to € 10000 1.14%, from € 10000 to € 49999.99 0.94%, from € 50000 0.84%.
I know that costs and taxes are always a hot topic of discussion in the community. For me personally, these are very manageable and acceptable.
Backup: Oskar is not authorized to take ownership or possession of your assets, so that your securities do not fall into the insolvency estate in the event of insolvency. In the event of insolvency of the custodian bank, your settlement account is protected by the statutory deposit guarantee and there is a claim for surrender of the securities in your custody account.
Withdrawals from your settlement account can only be made to the reference account specified by you.
Statutory deposit protection up to 100,000 euros. Additional protection by the Deposit Protection Fund of the BdB.
Gift vouchers: You can also give gift vouchers as presents. They can be used to open new securities accounts. Or existing customers can top up their account with them. There are 3 different ones in the amount of 25€, 100€ and 500€
Tree saving project: Oskar has not only switched its ETFs to sustainability, but also wants to make a real contribution to the planet. They support: Planetfortheplanet,wellsfor zoe organization and Eden Reforestation. This means that Oskar plants a tree for every savings plan. According to Oskar, this is financed via the advertising budget. With Refer a Friend you can also choose whether you want a cash reward or whether 10 trees should be planted for you and your friend. You can use your app to check daily how many trees have been planted, how much CO2 has been bound and how much forest has been reforested thanks to you.
Tax certificate: Of course you will receive an annual certificate for the tax office.
Savings installment/one-off payments: These can be changed/confirmed at any time. Savings plan execution always at the beginning of the month. One-off payments usually take 1-2 banking days.
WithdrawalsIf your deposit is less than €1000, you can only withdraw it in full by terminating your deposit. Anything over €1000 can be paid out at any time, here too the 1-2 banking days must be observed.
Who doesn't know it. Another birthday, wedding anniversary, jubilee, etc. You already have everything you need. Be perfectly happy and wishing for money is always so cringeworthy. That's why Oskar offered the invite sponsors function. You could use it to share your access with friends and acquaintances. Unfortunately, Oskar has changed this - at least it no longer works in the app on my Android. My partner uses her Iphone where you can still do it. Otherwise it still works with Oskar Kids. The second legal guardian can be stored there in any case.
Known competitors RoboadvisorQuirion, scalable.capital have launched their own, bevestor from Sparkasse, etc.
Oskar at getquinTransaction history: You can download all purchase and sale pdfs via the transaction history, but then you have to upload them all to Getquin. This month alone I had 8 transactions. I can't cope with that anymore. Please Getquin find a better solution. @Kundenservice
My personal experience: I have been using the Oskar 50 conservative portfolio since June 2020. Due to the market situation in 2020 and 2021, it made a return of 20% p.a. in each year. I originally started with a rate of x€, which I adjusted to x2€ after a few months and to x16€ after the first rental income. In 2021, I withdrew a portion for my real estate purchase. In April, I withdrew 10% to finance our Mauritius vacation with the money. In February, I changed the rate to x11€ due to the current market situation. My current return: return simple 6.32% return time-weighted 9.95%. I now have 9 people in my circle who use Oskar. I'll be honest, of course I didn't choose the tree premium but the cash premium. In my opinion, Oskar is a good step towards initial investments and gaining experience in the market. For anyone who wants to participate passively rather than actively. And who can accept a small fee.
Thank you for your interest and your time. This post has been requested for a long time.
@Derebete
@DonkeyInvestor
@Daniele5991
This post is neither an investment recommendation nor an offer to buy or sell fund units, securities and/or other financial instruments. I assume no liability for the accuracy, completeness and/or timeliness of the information contained in this post. The investment involves risks. The value of your investment may fall or rise. Losses of the capital invested may occur. Past performance, simulations or forecasts are not a reliable indicator of future performance
Sources: www.oskar.de, and the Oskar white paper
