++ Monthly savings plans - My current path 🚀++
As many people keep asking me which savings plans are running in my custody account, I would like to provide a list here.
First of all, my entire custody account is with ING-Diba.
Although I receive a commission of 1,75 % I am very satisfied with the service/app and broker.
ETF savings plans, on the other hand, are free of charge.
Here again a short list of the advantages and disadvantages of savings plans:
-Advantages
Reduce risk:
As the cost-average effect (CAE) results in the average entry price of a share approaching the "average price of the last 12 months".
This is achieved by investing the same amount in shares every month over a period of 12 months, for example.
Buy and hold:
Statistically, the tendency to buy and hold is associated with the highest returns for private investors.
Small cattle:
You can start with small monthly amounts. Your money will grow over time, even if you only invest small amounts.
Quick start:
It's easy to get started: share savings plans allow you to invest from as little as EUR 1 per month, depending on the bank.
-Disadvantages
Time to buy:
The choice of timing is limited: Share savings plans are executed on the 1st, 7th, 15th day of each month for most providers, leaving little room for intervention.
Fees:
Higher fees may apply: Many providers may charge a fee of, for example, 1.75% of the savings plan amount per execution.
Long-term nature:
Share savings plans are primarily intended for long-term investors.
Investors looking for a quick return may want to consider alternative options.
The following positions are currently held in my portfolio via a savings plan:
- 100 € ~ FTSE All World ($VWCE (+1,33 %))
- 50 € ~ Alphabet ($GOOGL) (+0,99 %)
- 50 € ~ Merck & Co. ($MRK (-1,78 %))
- 50 € ~ Microsoft ($MSFT (+1,09 %))
- 50 € ~ Tesla ($TSLA (+6,49 %))
- 25 € ~ Apple ($AAPL (+2,87 %))
- 25 € ~ Palantir ($PLTR (-1,19 %))
- 25 € ~ Allianz ($ALV (+0,8 %))
- 25 € ~ Walt Disney ($DIS (-0,71 %))
- 25 € ~ Walmart ($WMT (-1,47 %))
- 25 € ~ Intel ($INTC (+1,29 %))
- 25 € ~ Unilever ($ULVR (-0,87 %))
- 25 € ~ Coca Cola ($KO (-1,76 %))
- 25 € ~ Mc Donalds ($MCD (+0,17 %))
The total amount of 525 € per month flows directly per savings plan into the custody account.
In addition, I make irregular individual purchases to expand existing positions or add new ones.
I build up a monthly cash position in my clearing account for this purpose.
The nest egg is transferred directly to the call money account at the beginning of the month.
I am also currently planning to increase or new introduce.
-Increase/repurchase:
-New acquisition/first purchase:
$NKE (+9,5 %) (but only at a price of 50.00 $ 😉)
Thank you for your attention and good luck with your investment. 💸
LG
Michael
