Have you ever wanted to know how investing in Germany works? Then this is the right series of blog posts for you that will make you a true investing genius. A lot of expats we talk to have the will to start investing in Germany but don’t start because they don’t know how to do it.
This is the first post of a 6-part series on “How to Invest in Germany” that is designed to make you an investing expert. Because we believe you don‘t need to read a lot of books or google yourself through the internet to find out how this whole investing thing works. You just have to understand and follow some basic principles that will be explained in this post series in detail.
2. Overview of the Post Series “How to Invest in Germany”
Before You Start: This post will lay all necessary steps before you should even begin to invest.
Magic Triangle of Investing: The most fundamental tool of investing that will help you decide which investment goals are most important for you.
Taxes on Investments (ETFs, Real Estate, Pensions): This post extends the Magic Triangle of Investing to the Magic Fiveangle of Investing.
7 Investing Tips: Learn from other peoples money mistakes and follow these 7 tips for true financial success.
8 Investing Fails: This post will help you to prevent the most common (beginner) mistakes that will end your investing career before it starts.
Psychology of Investing: Emotional investment decisions will lead to failure. Learn in this post how to control your emotions.
“If Amanda & Steve can master investing, you can do it too. One small step at a time.“
Just follow the tips we give you in this series and don’t follow advice from your friends colleagues, neighbors, or your aunt. Most of the time they are not the greatest financial advisors. They just tell you to buy investment product A or investment product B and you will be rich tomorrow.
And when you do your research on the internet, interestingly you will find a lot of information that back up the opinion of your friends. The psychologists call this trap Confirmation Bias: the tendency to interpret information in a way that supports your existing belief.
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4. What the “How to Invest in Germany” Series Will Do for You
A lot of people think like Steve that investing works by picking individual investments. While you can do with your own money whatever you want, this series is all about the strategically clever way of investing. By approaching investing like this, all you expats have the highest chance of succeeding in the investing game.
It might sound boring that we do not pitch the next hot stock or cryptocurrency to you, but it will deliver consistent long-term growth of your investments. And that’s what you want, right? Because we are not in the speculation business and neither should you.
“Nobody knows the future.“
Nobody can predict the value of an individual investment product tomorrow, next week, or next year. What we know is that your chance of losing is much higher than your chance of winning when you try to Speculate or gamble with your money. You might know this from casinos: The house always wins. And same is true for investing in Germany.
Do you invest in Germany already? If not, what is holding you back?