11Mes
(Insert nice words here)
The DWS has just under 1.5% TER. Why are you paying that?
The DWS has just under 1.5% TER. Why are you paying that?
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@Epi I've left it untouched since I've owned it. But I'm also toying with the idea of switching it to a normal World as it only differs slightly in the top positions and of course because of the 1.5% running costs... But I haven't dared to do that yet and I think I would have to do it over several years to avoid taxes
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11Mes
@Zinseszinszauberer You could exchange the DWS for a similarly structured ETF. This will save you at least 1%TER, i.e. currently approx. 50€pa.
Regarding taxes: if your father invested the DWS before 2009, the capital gains could still be completely tax-free. You would have to research this in more detail and then calculate it against the TER and the tax-free amounts. It may even be wiser to simply let the DWS continue to run?
Regarding taxes: if your father invested the DWS before 2009, the capital gains could still be completely tax-free. You would have to research this in more detail and then calculate it against the TER and the tax-free amounts. It may even be wiser to simply let the DWS continue to run?
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@Epi yup, you're right, 65 euros per year for the sum is already too much, especially as the World Index has also been ahead in terms of performance in recent years. My father couldn't tell me the exact purchase date of the shares, but if you assume the purchase was made immediately around the birth and communion, the older part should be tax-free and the new part not. I'll have to read up on this. From a purely rational point of view, you should definitely exchange the shares as you suggested.
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@Zinseszinszauberer If you have issued an exemption order for the maximum amount (and have not exhausted it), there is nothing to stop you from switching immediately from a tax perspective🤔. Just under 14% plus the DWS fund with a total of 4.5k invested, you can easily get by with your tax-free allowance, even if the entire profit were taxable. My thought would be to get out and reduce costs. Of course, neither tax nor investment advice.
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11Mes
@PassiveInvest Didn't he write that his father invested a mid-three-figure sum for the birth? That thing is a few hundred % in profit!
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•@Epi you are of course right with your comment. He meant two times a mid three-digit amount. If the profits from the first investment are actually tax-free, it would still be feasible. Or you could gradually shift your investments within the tax-free allowance. Even with a few hundred percent profit, the sum is still "manageable" 😉. 1-1.5k perhaps as a total investment, leaving 3-3.5k profit. If half or more of it is tax-free, not a big deal in my opinion nach🤷🏼♂️. But as I said, this of course requires that the purchase dates are clear.
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@PassiveInvest Just like @Epi wrote, the investment was made more than 10 years ago and I estimate the profit to be around 300-400%. However, as I don't have any precise details, the performance shown here is since I bought Getquin 9 months ago.🙂 As you say, the sum is relatively manageable for me, I recently talked to my father about the fund and he has a bigger problem shifting this fund with a six-figure sum.
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