1Anno
How do you come up with -9 to -12%? 47€ out of 1,200€ is "only" 3.9%...? If you think that your money will generate more elsewhere, it makes sense to switch directly. You don't pay taxes when you liquidate the portfolio as long as it is in negative territory. The $VWCE already contains 10% EM, so your allocation would not be 80/20, but (~) 70/30.
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1Anno
@KevinC I forgot to mention, the return value refers to the max. period from the beginning of 22 until today. And yes currently it is just "only" at the -3-4%. Then I'm reassured that I do not still have to pay taxes on it and will terminate the portfolio and invest the money in the new. And thanks again for the tip, weis indeed the emerging markets are in it, but had not now on the screen that I then with the 80/20 the EM eigl set higher than my actual idea was.
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