1Wk·

ETF for saving money

I have to pay back €6,000 in the final installment for my car in 4 years.

Does it make sense to park the €125 per month in reserves in the $VWCE (-0.92%) to park?

Or would I be better off switching to a secure call money account?

9 Comments

Julian@MoneyISnotREAL

1Wk

Call money, fixed-term deposits, money market ETFs

Stock market/shares is far too short for the short investment period and to have the assets available on the key date X.

An unnecessary risk, because what do you do if the stock market is down 50% on the key date and you have to repay the installment?

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Fblthp@TotallyLost

1Wk

I think target date funds could be something for you:
https://etf.dws.com/de-de/etf-wissen/themenwelten/target-maturity-etfs-anleihen-zugaenglich-gemacht/

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DerMartin@DerMartin

1Wk

Take a look here -> $29GA - iBonds 2029

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DerDanner@Therapeut

1Wk

911 does not lose value, good decision. What year of manufacture?

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Ronald@AlterMann

1Wk

@Therapeut How did you come up with a 911? I thought it was a Hyundai...

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DerDanner@Therapeut

1Wk

@AlterMann joke

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Ronald@AlterMann

1Wk

Why wasn't the financing installment increased by the €125 to reduce the interest?

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Roocin@Roocin

1Wk

@AlterMann I was young and stupid, and I wanted to keep the option of taking over the car open.

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BurhanAbi@BurhanAbi

1Wk

Personally, I try to park a certain amount of cash, and the rest is invested in one or two ETFs - not in individual shares. Individual shares might be riskier than an ETF.

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