Why I do not invest or invest as little as possible in Germany has again been very clearly shown in the headlines this week:
- Pension at 70
- The infection protection law of Karl Lauterbach is again only driven by panic, while all neighboring countries around us abolish all measures and declare the pandemic to be over
- The gas levy of up to 5ct/kWh is to be subject to an additional 19% value-added tax
These 3 headlines prove 3 things to me:
- No creativity: Instead of thinking about other measures, the only idea is to increase the retirement age. Looking at other countries and ideas is out of the question in Germany
- German Angst: We are constantly driven by fear and panic, while other countries are optimistic and declare the pandemic over, we continue to hang on to Corona and waste time and resources on more important things
- Gas levy + VAT: We are all experiencing massive price increases in the gas market right now, which we as consumers have to bear. Instead of trying to relieve households and the economy (e.g. through targeted tax cuts), the state continues to enrich itself through the now higher taxes on gas. On top of that, there is now also a tax on a solidarity-based levy, namely the gas levy.
-> Lack of creativity, constant panic and a state that enriches itself everywhere and can't get its neck full. These are all reasons why I do not consider the political and economic conditions in Germany to be sustainable.
I have a few German shares that I am convinced of (Sartorius, Encavis, Allianz), but I would not touch the absolute majority of German shares with a pinch of my hand. And since I started trading in 2013, I have done very well with this decision.
Regardless of the fact that my salary, my pension rights and possibly a house in the future are or will be dependent on Germany. This "overweighting" in Germany should not be further reinforced by one's investments.
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