1Wk·

New stock in the portfolio, Allianz!

Thanks to some people here, especially @MrSchnitzel who recommended this stock to me. I joined yesterday with a savings plan and will simply buy DCA or monthly with a savings plan... In the event of major corrections, buy a little more.

Regards

Chris 💪🚀🔥

02.07

Allianz

Bought x0.585 at €342.10

€200.00

13 Comments

Epi@Epi

1Wk

Better than private pension insurance with Allianz in any case.
You won't be ripped off, but will benefit from the rip-off. 😈

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Ronald@AlterMann

1Wk

@Epi I've been saying that for 30 years...

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Epi@Epi

1Wk

@AlterMann You're our old man too. 😏

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Edward M.@edwardmorra

1Wk

@Epi Take it easy Brauner, it's still okay to make offers to people.

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Epi@Epi

1Wk

@edwardmorra Well, you can leave your little horse behind, my little hobbyhorse! Allianz's pension and occupational pension offers are highly opaque and the actual costs are hidden behind a wall of technical gobbledygook. The financial illiteracy of Germans and their justified need for pension products is simply shamelessly and systematically exploited. How else is it that the average Allianz pension contract with stock market products is still in the red after 20 years of stock market boom? The money goes into the Group, not into the pension. That is, to put it mildly, the brown horse.

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Edward M.@edwardmorra

1Wk

@Epi Take it easy, Brauner.

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Epi@Epi

1Wk

@edwardmorra Hop, hop, my hobbyhorse.

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BockaufDividenden@BockaufDividenden

1Wk

@Epi I am totally with you and despise all the pension plan salesmen with so many hidden costs.

But of course it's also absurd that so many Germans have little to no financial education or are "not interested in money" but don't understand that they are stuck in this hamster wheel because of money.

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Epi@Epi

1Wk

@BockaufDividenden Yes, it's typically German to buy yogurt for 30 cents less on the supermarket shelf. But when it comes to pensions, contracts are made that sometimes cost €100,000 in fees after 30 years. 😥

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Das Portfoliopferd@Portfoliopferd

1Wk

I've invested in an Allianz share savings plan instead of supplementary dental insurance :D

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MrSchnitzel@MrSchnitzel

1Wk

That's how it has to be! I will continue to expand it over time.
Kind regards

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ThomasHH@ThomasHH

I now have 600 shares and plan to buy another 100. It's the perfect additional passive income. The personal dividend yield is approaching the 10% mark - that's the real secret of buy and hold. The longer you hold, the higher your personal return will be, year after year.

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Mark@le_Wurst

@ThomasHH not bad. My grandmother also got in at €69 with 500 shares during the financial crisis. Her pers. Div yield is simply over 25%
Unfortunately, she sold 300 shares at around 200 euros. Which was certainly understandable for diversification, but imagine if she were still holding all 500 shares at the 69 price 😵‍💫

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