Special repayment in the loan contract - experiences with financing

1) That’s exactly why the long term of 20 years, so you can react better. With an investment period of 10 years, I would personally feel uneasy. 2) I agree with you on that and for me that’s the main reason.

It always depends on the life circumstances. For us, after 10 years, there will most likely be a "turning point" regarding family, etc. – then I would prefer a significantly lower repayment rate. But if I can only reach that after 13-15 years because redeeming my ETF for a possible special repayment is currently difficult due to the bad market, then there could be €50,000 sitting idle that I can’t use and which cause me about €300 more in monthly repayment costs.

So much depends on many factors and it always has to be considered individually.

Above all: who says that after 10 years interest rates won’t go down further? Personally, I don’t currently see interest rates higher than now in 10 years... So I could also take out a new loan after 10 years, possibly with even lower interest rates?

Ultimately, it’s a very clear individual risk-security assessment that is hard to generalize.

The good thing is that you can be super flexible in managing your personal risk. I can also start reallocating into government bonds or something like that after 75% of the term. If interest rates drop after 10 years, that's even better, then you can pay off at a lower rate and invest more. If interest rates rise in the end, you just pay off with whatever is available and still come out better. For my part, I'm talking about 0.79% per year that I have to beat. A lot would have to go wrong for that not to work. Losing my job or any other risks I consider much higher.

I had my first investment experiences with BTC, volatility doesn't bother me much.

I started investing before the dotcom bubble in 1999 and know how hard you can fall. ;) I was determined and stayed in, but it took many years before I was back in the black. With the Tagesgeld at 3%, I probably would have had more returns.

I started investing before the dotcom bubble in 1999 and know how hard one can fall. ;) I was steadfast and stayed in, but it took many years until I was back in profit. I probably would have had more returns with the 3% daily allowance.

Only that the 3% daily allowance hasn’t existed for 12 years either.

Just that the 3% daily interest has not existed for 12 years either.

Correct. I just wanted to express that earning 6-8% on the stock market is not a given. I was invested in equity funds for about 15 years until building the house.