Seeking advice: Your own four walls - offer from a financial advisor

Exactly for such a project in the future, [Bausparverträge] are made. Why not secure your financing interest rate in 8 years now? A large [Bausparer] brings security to the installment and to the financing.

Hello,

what surprises me at first is the low amount of equity available. So far, you probably haven't paid much attention to money. No accusation, I had that once too :-) Now you want to set aside 600-800 per month? Sure, go ahead - not a bad plan per se. But look at it realistically, also plan for money for a new car in 5-10 years etc.

Regarding investments: I currently find building savings contracts great in this interest phase to secure the money.

Funds: The DAX is too high for me right now, I would be cautious with it. Either take another building savings contract or a safe investment. I am currently doing well with containers, but the money is tied up for 5 years first :-) Safe investments are just lousy right now - but does that mean taking a risk now? Better secure a good interest rate through a building savings contract. Pay attention to the repayment during the loan phase - don’t choose it too high!

Riester: I am doing it right now too, I think it’s good. Because paying off the construction loan AND Riester simultaneously isn’t exactly easier.

Roger

Keep your hands off funds!
You pay a 3-5 percent front-end load and annual management fees. This eats up a large part of the actual return.
The fund you mentioned (DWS Top Dividende) has gained about 15% in the last 5 years, while the DAX has risen by about 25%. In the last 10 years, the difference is 55% vs. 110%. That is a junk fund!
There are hardly any broadly diversified funds that outperform their respective indices (DAX, Dow, S&P, etc.).
If you still want to invest your money in the stock market, then do so through so-called ETFs, e.g., a DAX ETF. It moves exactly like the DAX but has minimal fees. You don't pay a fund company or fund managers with your money.

Hello HilfeHilfe,

thank you for your answer/attention.
According to the financial advisor, these would be safe funds - are there even safe funds at all? So would they be the bearing risk?!
Yes Riester stomachache - if you read the opinions about it on the internet (Some swear by it and others would advise against it at all costs)

The financial project is definitely set up in a sporty way, but with possible room for downward...!

Have a nice weekend everyone!

Hello

some have reported extensively on this topic here. There are no safe funds. The stock market itself involves risks but also opportunities. It can, but does not have to go up. If you have a goal in mind, I would always go for safe investments (for me, a building savings contract is okay).

I don’t want to comment on the topic of building savings contracts, I’m biased there :p But if you yourself feel that in 8 years we won’t have a comparable instrument, it is certainly sensible.

Good luck

Just a quick note about the funds: Please take a look at how they have performed in recent years. So for your fund, from about 2007 to 2009. The stock market is doing well again. Whether there will be another correction, no one knows. If that happens, can/will you postpone the construction for 5 years to make it up again? Stocks/funds are quite nice and currently one of the few things that really generate returns. But also one of those things you should be able to leave alone in the long term. I'm not touching my gold right now either and hope it goes up again :-) But actually, I need the money for the current construction. I’m glad I sold off 90% before the crash because I had the right instinct ... otherwise I would have had to postpone the construction .. Roger