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What Is My Investment Goal?

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The answer to this question will determine which system makes the most sense.

What Is My Investment Goal? Many consumers want to build up reserves in order not to have to pay bills, for example for a car repair, with an expensive overdraft. A call money account is ideal for such a reserve. When it comes to resources that can be invested for a few months or years (for example, repairs to your own house, saving for the children’s studies), fixed-term deposits and savings bonds come into question.

Comparison Of Interest Rates Can Be Worthwhile

Even if many online interest rate comparisons are only brokerage platforms that usually do not cover the entire market, they are still helpful in finding attractive offers. Many good offers are limited in time (new customer offers) or they are limited in amount. Some banks with extraordinarily high-interest rates are located abroad and are therefore not subject to domestic deposit insurance. If safety is the top priority, these offers are discouraged.

If you save for your own home, you usually don’t want your assets to be exposed to more significant risks. Then only interest investments with domestic deposit insurance are a good option. Investments with more risk, such as equity funds, promise a higher return, and that may seem tempting. But what if the risk occurs? Is it then still possible to buy real estate?

A new home loan and savings contract can be worthwhile if interest rates rise sharply. Anyone considering this should also ask themselves whether they can still bear the rest of the financing even if interest rates rise because a home loan and savings contract is usually only a small part of a financing package due to its high repayment rate and the minimum savings.

Saving for old age, high-yield forms of investment are particularly interesting because they enable the highest pensions in the long term. However, you have to dose the mix of opportunities and risks individually.

When Too Much Risk Becomes Critical

The key is to avoid bad risks and instead take good risks.

Investors do not always have good experiences with risk. Anyone who has invested money in shares in Telekom or the Neuer Markt, for example, will usually not be able to gain anything positive from the stock exchanges. But the risk is not all bad, because threats are always associated with opportunities. The key is to avoid bad risks and instead take good risks. Reasonable risks, on the other hand, are those that only affect the development of the entire stock market, measured against a stock index.

Before you invest money in the stock market, there is a central question that only you can answer on your own: Do you want to take more risk for more opportunities and if so, where is your pain threshold? How much (or percentage of the investment amount) could you forego in the worst case? Many investors find it challenging to find an answer to this. Take enough time for it. Don’t just look at the risks, weigh the opportunities too. Your gut feeling is important, because if you don’t feel well as soon as the stock market crashes again – and it does all the time – you should stay away from it or limit the share of stocks.

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