Savings rate? Unnecessary!
Caution. Trigger warning for r/finanzler and All-World savers.
TL;DR: Saving is not everything in life. Treat yourself more and have fun investing.
Today a somewhat different contribution from me.
As we drive along the Scottish coasts here on vacation, the thought keeps coming to me, why should I do without something like this? Because of the savings rate? Never!
Often I read here, you have to save here, you have to save there, etc., that is unnecessary and that too....
No!
Don't be so bitter Germans, who always and everywhere want to save.
They always say, pay off your loans first, before you invest! Why should you? Then half here would no longer invest.
Then no one with a house loan would be allowed to invest anymore.
Also with the car is always argued, it must bring you only from A to B.
Primarily that is correct. But do I go to work for it? Do I save money because of it? No!
If you want a car, what you like, then get it! Then just 10k € must be financed? If you can afford it, then go for it! I do not do it differently, shit on the 300€ per month, which I could invest more, I like to drive my car, I like to wash it, I am happy to get in in the morning. That is the important thing.
Treat yourself to something in life. Don't live only to die bitterly with 500k in your deposit. They will bring you nothing when you die. At best, your children will also have to pay inheritance tax for your great compound interest and tax deferral.
Saving for what, if you don't use your money anyway? so you can say, I have 659k in the deposit? Do you work to make a great life for yourself or to rub one off on your savings rate?
Go on vacation and pay a little more, no one can take away your memories. Not even the state when you die.
Have fun in life!
That also applies to shares. If someone wants to tell you, eRsT aB sum X aUfwÄrTs iN eInZelAkTieN, ignore directly. You are certainly not on this platform to find out which WorldETF you can save 0.02 TER on.
Invest in companies that you like, that you like and that are stable.
Take also times nen trend with and burn some money, that simply belongs to it. We are not professionals here, learning by doing.
You do not have to analyze every company down to the footnote, especially not "BlueChips". This has often been done by others. You don't check again if your car has been approved by the TÜV. And if everything is already priced in anyway. Equivalently, you already have rust on your car.
Develop your own strategy! Look what fits best to you. You want to have it easy? Take an ACWI/All-World. You want to feel like a fund manager? Take a World+EM and rebalance it again and again. (is also completely nonsensical, unless you want to limit profits). You want Core Satellite Uranus Sun Milky Way Strategy? Allow yourselves. Do you prefer dividends? No, you don't need 50k€ to make it worthwhile. Goes also with 100€ in the month. BöRsE iS a marAtHoN, not a sPrInT. A mixture of everything? Feel free! All-In $BTC (+0.13%) because 1 BTC always 1BTC? Go for it!
It's your money, not other people's. The only thing you should not do is to use Sparkasse or VR-Bank, they and their funds are just too expensive and criminals usually are too.
Have fun investing and show others how easy and great it can be to be part of capitalism and that this is not always bad!
I will also try something new soon and share it with you. For this I even sold my World ETF. Because bubble and all! Thanks @oliverplass 😂 No fun, let me surprise you, what's coming. Certainly interesting for one or the other 👍🏻
How do you see it? Are you more Team Bitter German saver or Team Fun in life?
Peace out!
No investment advice.
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