Generali: Start-to-finish pension policy (since 01.12.2004)

Hello everyone and good morning,

I would like your opinion on a pension policy that my parents took out on 01.12.2004 (luckily in good time!) - why is this important? Because the pension policy remains tax-free if it was regularly saved before 01.12.2004!

As of 01.01.2005, the greedy and insatiable state has made a change to the law in which pension policies are taxed (we all agree anyway that this is absolute crap and that it will come back like a boomerang, because pensions aren't enough...oh well).

I digress.

Well, I ONLY have this pension policy because it's tax-free in the event of retirement or a lump-sum settlement, which is why I hold it. Otherwise, of course, I would have thrown it in the garbage can long ago. I generally consider funds to be junk from times gone by anyway, when ETFs were not yet so well known for everyday use by the average Joe. I would of course switch to well-known ETFs, but of course Generali also has to take money out of my pockets with DWS, what else?

Sorry, I'm rambling again, I'm getting too excited now though.

I can switch funds free of charge and there are no tax-damaging changes due to a fund switch.

To my question:

I currently have the "DWS European Opportunities LD" (847415/ DE0008474156) $DE0008474156 (-0,19 %) currently at €38/month, started 20 years ago at €20/month. I cannot change the dynamic increase of 5% p.a.. However, I would like to change the current fund because it has been underperforming the MSCI World for so long.

Here is an overview of the funds I can switch to, most of them are absolutely garbage, they really make my hair stand on end:

Which ones would you switch to, I've already compared a few with extraETF, and then used the iShares Core MSCI World as a benchmark:

hhttps://extraetf.com/de/etf-comparison?products=IE00B4L5Y983-etf,DE0008490897-fund,DE0008474156-fund,DE0005152441-fund

My favorite would be the "DWS US Growth LD" $DE0008490897 (+1,42 %) simply because the figures speak for themselves and I believe in the US economic market. Or do you see a better fund?

I would appreciate any constructive tips, thank you! :)

(P.S.: have a look at the $DE0008474198 (+0,65 %) ....such a piece of junk... and many more in the listing look so crappy :D)

KevinE@KevinE

1Año

Zum US Growth: ist halt extrem techlastig. Der hat von 1999 beim ATH bis 2019 (!) gebraucht, um auf den selben Kurswert zu kommen.

Ich kenne bei weitem nicht alle Deka Fonds (immer nur aus wütenden GQ-Posts). Einer der besten war da (in meiner Einnerung) meist der „Top Dividende“

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MrMister@MrMister

Sorry for the delay in reporting. I moved all the shares at Generali to US Growth 849089 and did not pay in any more. However, there wasn't much left. I was able to cancel at least half of the rest. Generali and DVAG as such are the biggest investment guzzlers there are.
However, with 43% within a year, I am very satisfied with the fund.

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BockaufDividenden@BockaufDividenden

@MrMister Hey no problem MrMister for the late reply - better one than never!
So you just did what I did with the US Growth and that's it. At the moment, my monthly rate is still <€50, so it's okay, although it's a dynamic of 5% p.a., so it's still manageable.

The only reason why I haven't closed it long ago:

Tax-free on maturity, because the policy was already in place before the shitty change in the law by the greedy state.