1D·

That's me! 📊

Hello everyone!

I would like to introduce myself and my "situation" in addition to my portfolio. I am 32 and work in sales (field service).

In 2023, I bought a house (~€360,000) together with my wife and child. At the bank, we were greeted with "You are financing at the worst time in the last 25 years". The 4.7% or 4.99% each month is already a significant factor.

In addition to the house, child and hobby (large garden), there is only sporadic money left over for the stock market or through a small ETF savings plan.

When it comes to individual shares, I focus on dividend payers such as $DHL (-0,46%) or $O (-0,52%)

Short-term target by the end of the year: €5,000 portfolio value

13 Comentários

With the interest rates of the financing, I would first make special repayments....

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Andre@PumpNProfit

@Horstiiii Yup, that's the plan too! As much as possible 🙌

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Horsti@Horstiiii

How high is the loan amount and how long is the term?

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John@Transporter

19H

@Horstiiii After 10 years you can always refinance, thank goodness...

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Horsti@Horstiiii

17H

Yes, if the contract runs that long...

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Cyberpunk@RSCologne

@Horstiiii You can't exchange a secure 4.7% return through unscheduled repayment for any investment on the stock market!

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Hodlinvestor@Hodlinvestor

23H

Sublet and deduct the interest costs!!!

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Investanker@opportunity_seeker_138

How high is the calculated reserve for the house, if I may ask?

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Andre@PumpNProfit

@opportunity_seeker_138 We don't have anything calculated by the bank, for example. 5,000-10,000€ is the plan for the "iron reserve". And from renovation times, when everything suddenly cost €10,000, I tend to go for more 😅

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Manuel@Ghoscht

@PumpNProfit From my own experience, it's better to add another 20-25%. Then nothing should be able to bring you to the brink of despair.

Period variable, as I don't know how old your technology/structure is.

I did a renovation in 2018.
Thought it would certainly fit for the next 10 years - puff cake...heating, then domestic hot water heat pump, then lifting system. Water pipe. Maintenance. Then solar investment. The wife's car should be due soon...😢 Ok, the car has already had its years on the hump

I'm an ADM myself, 10 years older. The price increase in recent years was/is insane and probably hasn't reached the end yet. I'm sure you'll experience it on the job too. Depending on the industry, you may also have a collective agreement. The increases were of course nice for employees, but a catastrophe and challenge for employers in the current subdued phase. Unfortunately, some employers must/have/will then cut back on staff.

Recommendation for your planning. Put salary increases in reserve if they are not needed to live on. Never include bonuses and variable salary components in your calculations. Today's success is tomorrow's failure.

Rhine-Neckar district - for 360K I get a cardboard box here that needs everything done 🥴

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Andre@PumpNProfit

@Ghoscht Thank you for your detailed answer! We live in an extremely rural area (village with 700 inhabitants), so we got 800 square meters of land and 140 square meters of living space. The house was previously rented out and is 27 years old. But the substance is in extremely good condition. Gas heating 3 years old. PV system 18 years old (still 2 years in the EEG), in top condition with sensational remuneration (full feed-in).

Fortunately, we are "systemically relevant" and currently have over 7,000 employees, and the trend is rising. But you're absolutely right: I also see bonuses/special payments as "play money" and are not factored into loans or similar.

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Manuel@Ghoscht

@PumpNProfit a dream for 360, congratulations
Should be less. Solar is mega, it doesn't matter what kwp is on the roof. Take it with you as long as you can and don't touch it until it's worth pulling more power out of the thing👌

As the interest rate is really unfavorable, make as many special payments as possible. 3% p.a. Safe in the contract? For us it was still 1.2% and 1.9% afterwards through a building savings contract after 10 years

"Critical infrastructure" - welcome to the club.
For me, electric and approx. 1200Ma - fortunately, things are still improving for us. Here and there the red lantern or "unnecessary" jobs. Competition sometimes goes through sites and employees with an axe to grind

Side note: NIS2 training is a waste of time for the employee

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Walter S.@Roots

Special repayment before the stock market!

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