With so many social reforms being debated upon, it is clear that we cannot depend on pension alone.
Not for me especially when I moved to Germany at the prime age of 32 and started working at 36. More so with the fact that I do not work full time. And if I do not want to burden my kids someday, I need to do something about my finances.
So, here is me saying hello to the ETF. And frankly, it was easy to open one that I wonder why I never thought of this years ago. As one of the products of my bank, I simply open a depot and voila, set up a monthly investment to an ETF of my choosing. There are several stocks, bonds and thousands of ETFs or Funds to choose from and I do not know exactly which one to pick because hello, I do not really read Financial related topics so I have absolute zero, zilch, keine idea on what I am doing here exactly.
It can be overwhelming mind you. What I do know is that I want to limit any fees and it needs to be Accumulating. Mann said to just pick one as a test and see how it goes so yeah, I picked one and after a month, I have now an interest of 2,61%.
We plan to open a depot next for each kid as well. Because investments should start early.
Do you also plan for your kid’s investment?
Greetings,
Karlota
