Special repayment, saving or consumption?

…as if ETFs were a free ticket to making money ;)
There are also counterexamples…
Besides, I don't believe that you just liquidate a fund, meaning sell it, if it has been going "(only) up" for 20 years.
I just wanted to mention it. Everyone can do what they want with their money.

An ETF can represent a 'concentration risk' just like a property.
Diversify and make a decision:
do I want to have fun now or in 10 years.
That is actually the only decision.
You can also have fun without falling into certain consumption traps, but usually fun just costs money.

Whereas the ETF cluster is still significantly better diversified than a (to be read as a number) home. It is also rather unlikely that the entire publicly traded global economy will no longer generate profits in the long term. However, what I would strongly advise against is financing that relies on paying off a large remaining debt at a certain point in time.

Whereas the ETF lump sum is still significantly better diversified than a (to be read as a number) home. It is also rather unlikely that the entire publicly traded global economy will no longer generate profits in the long term. What I would strongly advise against, however, is financing that depends on paying off a large remaining debt at a certain point in time.

global etf are 2/3 USA.

Of course, in recent years it ran like whipped cream on the body scale.
Always in the plus ;)

A home is 100% Germany. Other rental properties are most likely also in Germany, very likely also in the same region. In this respect, 2/3 USA is still significantly more diversified, and the USA is not just made up of Big Tech. If you invested in the stock market like in real estate, you would have a 5x leverage (20% equity) on 1-2 companies from Stuttgart (alternatively Berlin, Munich,...). Pure madness ;)

By the way, I don't know where my portfolio stands. I've gotten into the habit of checking it at most at the beginning of the month. Judging by the skimmed headlines, the last 2 weeks don't look so great ;)

How about Asia or China? Who dares to invest there specifically? If yes, how?

We are consuming again. Are spontaneously in Holland for 4 days. Lecko mio is expensive here.