(@6beqc) en getquin

1Lun·

Hello everyone,

First of all about me:

I'm 21 years old, I'm doing a dual degree and have been investing since 07/2023. So far, my portfolio has a size of approx. 17,000€.

My plan is to invest approx. 70% in the $ISAC (+0,26 %) and 30% small growth stocks such as $HIMS (-1,68 %) , $SOFI (+1,24 %) , $MSFT (-1,05 %) etc.

The idea behind investing is mainly to supplement my pension and to ensure that the money in my current account is not gradually eaten up by inflation...; i.e. the investment horizon is 30-35 years.

Now to my actual question to you, to get one or two more experienced opinions :)

Until I was 18, my parents regularly saved in a building society savings account, which has been "lying around" with an annual interest rate of 3%.

For over a year now, I've been toying with the idea of closing the building society savings account and transferring most of it to the $ISAC (+0,26 %) for the most part.

The building society savings plan was only opened to save money and therefore, after a short time, the waiver of the reduced loan for later housing construction etc. was declared.

As a result, a premium of around €2,500 would be added to the amount of around €15,200 when it was paid out.

In this respect, the idea of reallocating came to me, but I wanted to get one or two opinions from a neutral perspective beforehand in order to weigh it up again...

When I spoke to the contact person at my bank on the phone two days ago without obligation and mentioned my idea, he wasn't so convinced, as the "stock market harbors great risks".

He was also very enthusiastic about the Uniglobal investment fund $DE0008491051 (+1,12 %) investment fund and that the bank would also offer this for me, although this idea didn't really appeal to me and I now prefer the $ISAC (+0,26 %) prefer.

What do you think of the bank advisor's idea?

Otherwise, I would be grateful for any opinions and wish you a pleasant evening and a nice rest of the weekend :)

32 Comentarios

Sina@lawinvest

1Lun

The bank advisor wants to earn money. In the case of an actively managed fund, his employer collects commission, which in turn is paid to him as a salary or sometimes (depending on the bank) as a bonus or commission.
In short: costs are too high

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Kai@Dividenden-Sammler

1Lun

It would have been interesting to hear the advisor's answer if he is not so convinced about the stock market, which carries great risks, but then offers you an equity fund that invests in precisely this risk, as he sees it.

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Krush82@Krush82

1Lun

As always, the bank advisors only want the best for you. And that's your money :-)

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Enrique@Der_Dividenden_Monteur

1Lun

Bausparer with 3% is actually not bad.

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Julian@MoneyISnotREAL

1Lun

I think the bank product salesman's reasoning is cool:

"No, don't buy the low-cost ETF with a global diversification in equities under any circumstances. That involves major risks!
Instead, buy our expensive fund with a global diversification in equities." 😅

In a nutshell:
Fund 🚫
ETF ✅

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Sina@lawinvest

1Lun

Small addendum: Be careful with building society contracts and premiums. Firstly: check again whether the entire capital earns interest at 3% or only the annual deposit. Secondly, if the building society contract is not ready for allocation and you terminate it (and do not choose payout due to allocation) then the premiums are lost for most contracts.

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Daniel@Dr27589

1Lun

Check what conditions are attached to the premiums. And how high the costs are! The 3% is usually upfront costs. Depending on this, I would make a further decision if I were you.

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Levi@Dagobert20000

1Lun

An alternative thought.

Talk to your parents. I would explain the idea (whatever it looks like exactly) to them. I can't judge, but some people feel offended if their plan is simply changed. That may not be the case for you, but it's certainly not wrong to be open about it. After all, it was your money.

Depending on your reaction, I would leave it at 3% (if that's the case) or put it in your ETF. Maybe buy a single share, the money is already quite a lot.

Good luck and thank your parents.

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Steve91@Steve91

1Lun

If you don't need the money, then put it in your ETF. Maybe wait until Q1 25, when there will be a correction

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Dividendenopi@Dividendenopi

1Lun

Sounds a lot like Volksbank and Schwäbisch Hall ...😇. 3% guaranteed and without risk is not that bad, e.g. to take advantage of the tax-free amount. Otherwise, it's better not to use an active fund for cost reasons. You decide which ETF you take according to your strategy

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