hTTi

Hi, I’m starting to research this topic and I’m looking for low - medium risk options over both the short (1-2 years with a lump sum) and long term (monthly payments) options in Germany.

I currently use Weltsparen for basic cash interest options over a 1-2 year period but would like to find some UK equivalents of the ISAs or FTSE trackers and also options to invest on behalf of the kids for 15-20 years. My main DE bank is N26 who seem to have the EFT options.

Does anyone have any general tips etc… please?

Fully accept that this is not professional financial advice and all at my own risk etc… but just interested in what other people do in Germany. My German work colleagues are no so keen to discuss this topic with the main response being to speak to my bank for all financial matters

Discussions with an independent financial advisor (as per the process in the UK) could be a future step but I’d like to understand a bit about the options first. I’m locked into DE for life too so there are no concerns about DE-UK personal tax issues.

Thanks
CK

Buy low fee ETFs of your favourite indexes, regularly, a little every week.
Don't sell anything unless and until you absolutely have to, no matter how they perform.
You will need a Broker to run your Depot of course. I use Trade Republic and I like them very much, but there are many kinda equivalent.

There's nothing like the UK ISA here in Germany.

Which bank you're with should play no role in your financial decisions.

Some more: do NOT buy stuff others tell you, because "it's going to perform well" or whatever. They do NOT know. If they knew, 1) they wouldn't tell you, don't want to share your secret gold mine, neither with your best mate, nor with a random stranger, and 2) they would already be infinitely rich.

Besides, these folks want you to like them, and often even charge a fee for the privilege.

BTW my portfolio grew almost 10% per year since 2018. And I'm neither smart (you'd agree if you knew me), nor lucky, just patient.