ETFs are exactly the right place to start

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A major hurdle in investing: the beginning. Lars Erichsen tells us when is the right time, what he gives his children, and how you can get rich with 200 euros.

When is / the right age/stage of life to start investing?

Lars Erichsen: It would be relatively clear to me in high school, in school. In other words, at the moment when the issues – I used to call them economics and politics – are real politics and no longer history, but what is happening on this planet today. At that moment, it may also be interesting: What do I do with the money? Because that is the age where the demands rise, where the expenses rise, where someone who has completed the secondary school leaving certificate has to think about: What do I do with my first apprentice salary? Between the ages of 16 and 18 is the right time for me to start. In particular, it would be a huge advantage if every school’s curriculum included the knowledge that it is an issue that I have to deal with. This is not an issue where I might think about it at some point, but it’s a topic that I inevitably have to deal with. We already have someone who is retiring in the West today, receives an average of – I’m now self-employed and have never paid into the statutory pension fund – I mean 1180 euros. You don’t make such big leaps with it. And that is someone who is retiring today. It is different for someone who will receive a pension in 30, 40 or 50 years. You can of course just rely on the principle of hope and say “Oh, it will recover, it will be much more later”, but I think most people agree that it will not. That means that it is really an absolute necessity to deal with it. rather, it is a topic that I inevitably have to deal with. We already have someone who is retiring in the West today, receives an average of – I’m now self-employed and have never paid into the statutory pension fund – I mean 1180 euros. You don’t make such big leaps with it. And that is someone who is retiring today. It is different for someone who will receive a pension in 30, 40, or 50 years. You can of course just rely on the principle of hope and say “Oh, it will recover, it will be much more later”, but I think most people agree that it will not. That means that it is really an absolute necessity to deal with it. rather, it is a topic that I inevitably have to deal with. We already have someone who is retiring in the West today, receives an average of – I’m now self-employed and have never paid into the statutory pension fund – I mean 1180 euros. You don’t make such big leaps with it. And that is someone who is retiring today. It is different for someone who will receive a pension in 30, 40, or 50 years. You can of course just rely on the principle of hope and say “Oh, it will recover, it will be much more later”, but I think most people agree that it will not. That means that it is really an absolute necessity to deal with it. Those who retire in the West today receive an average of – I am now self-employed and have never paid into the statutory pension fund – I mean 1180 euros. You don’t make such big leaps with it. And that is someone who is retiring today. It is different for someone who will receive a pension in 30, 40, or 50 years. You can of course just rely on the principle of hope and say “Oh, it will recover, it will be much more later”, but I think most people agree that it will not. That means that it is really an absolute necessity to deal with it. Those who retire in the West today receive an average of – I am now self-employed and have never paid into the statutory pension fund – I mean 1180 euros. You don’t make such big leaps with it. And that is someone who is retiring today. It is different for someone who will receive a pension in 30, 40, or 50 years. You can of course just rely on the principle of hope and say “Oh, it will recover, it will be much more later”, but I think most people agree that it will not. That means that it is really an absolute necessity to deal with it. You don’t make such big leaps with it. And that is someone who is retiring today. It is different for someone who will receive a pension in 30, 40, or 50 years. You can of course just rely on the principle of hope and say “Oh, it will recover, it will be much more later”, but I think most people agree that it will not. That means that it is really an absolute necessity to deal with it. You don’t make such big leaps with it. And that is someone who is retiring today. It is different for someone who will receive a pension in 30, 40, or 50 years. You can of course just rely on the principle of hope and say “Oh, it will recover, it will be much more later”, but I think most people agree that it will not. That means that it is really an absolute necessity to deal with it.

What tips do you give your children to get started?

I would talk to them about stocks and I will also talk to them about files. My daughter is now 17, and I’ve already spoken to her about the subject. My son is 15 and his turn will be soon. In principle, companies start out. Companies that my children encounter in everyday life: Netflix, for my son it will be gaming companies and so on. To look at these companies and say, “Okay, we’re not talking about anything sterile, any investment product that I don’t understand about. But there are companies that you probably know more about than I do, and investing in stocks is simply about becoming a partner in that company ”. I buy company shares. If you start at that age, then, in my opinion, equity quota can still be one hundred percent. Someone who has invested money at the age of 20 does not need to worry about whether the stock market is overheating. In the best-case scenario – I wish they can retire early – let’s just say 40 years of investing time ahead of them. He can really wish that we get a huge crash where he can buy the company shares cheaply.

But companies are precisely those participants in the market who are always protected. So that means even if we get systemic crises. All things that you don’t necessarily have to deal with as a twenty-year-old. Companies are the ones that need to be protected by the state because jobs are at stake. Invest in companies, maybe start at the beginning with the companies you understand something about, maybe learn from your own experience and say: “Okay, those who shout the loudest, who may be experiencing such an upswing now, maybe not in the long term the right ones. ” So let yourself make your own experiences.

In a video, you warn of some ETFs. Aren’t ETFs particularly useful for beginners?

Absolutely, when I talk about investing in stocks. ETFs can absolutely be the starting point. Because you have to be very clear that if I have a monthly savings rate of less than 250 to 300 euros, then it is too expensive to invest in individual stocks. You can also think about saying: “I’ll put a few quarters together and then buy myself a share.” But in my opinion, ETFs are exactly the right place to start. Precisely because we are talking about a savings rate of 25 euros or 50 euros in training.

This is definitely noticeable in the long term because it’s not just about 25 and 50 euros, but simply about the feeling and the knowledge: “Okay, I take off a little bit every month”. I just take – no idea what a drink in the club currently costs – three or four less a month and put that in an ETF. So when I talk about investing in stocks, it certainly includes ETFs. ETFs are simply a market-wide investment.

If I give a warning in favor of ETFs, it will certainly not be general, but because there are ETFs that are simply constructed in such a way that they ultimately convey in some form to those who buy them: “Here you get a very special return because … “That’s just not what ETFs are made for. ETFs are made to buy a market broadly and to invest very cheaply. So these are the better alternatives to equity funds.

As a financial blogger, you often attract people with high-click titles. Just summarize the content of the video “How do I get rich with 200 euros”.

That’s basically what I said at the beginning – just start. That should be provocative insofar as I can get rich with 200 euros, which I invest again and again and again and every month so that in the end I can build a stock portfolio from it, which then enables me to earn passive income for years. This video “How do I get rich with 200 euros” it was also about the fact that 200 euros might be an entry point in ETFs. But if my life situation changes, so maybe I am employed or self-employed somewhere, most CVs mean that the income also increases over time. Then I can increase my savings rate. In this respect, the title may sound provocative. Actually, I think it’s not that provocative at all.

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