amethyst86purple
New member
Hi all! So, I’m 24 yo, not married, have been working in tech since a couple years and have settled very well (job, PR, some language, drivers license etc.) in Germany’s most expensive southern city after moving from my home country. My sole focus rn is to build a nice retirement because I’m absolutely terrified by the fact that I’ll get roughly ~€2k to €3k when I retire (AT 67 YEARS OF AGE) due to pension gap.
My portfolio looks like this:
Monthly expenses wise I’m not too frugal, I’m traveling a bit and I spend mostly on eating out.
Here are some of my questions:
My portfolio looks like this:
- Emergency fund: €2.5k (with very minimal monthly expenditures in case of job loss I can live off of 2.5k and JobCenter’s support for like 6 months easily)
- Security Deposit: €1000
- Stocks: €12K (Principal: ~€10.5K, mostly Tesla, Apple, Alphabet, Vanguard S&P500 IE00BFMXXD54 ETF and Core MSCI World IE00B4L5Y983 ETF)
- Checkings: ~€13k (because I’m figuring out where to put it)
- Crypto: ~€6.5k
- ESPP fund: ~€5K (could sell and easily make a decent profit, at selling time it would be €8.8K)
- RSU’s: ~€2.5k vested (grant: ~45k over 4 years)
Monthly expenses wise I’m not too frugal, I’m traveling a bit and I spend mostly on eating out.
Here are some of my questions:
- For retirement I want to have a big fund that keeps growing and a certain point in time I calculate a SWR and live off of it. That implies ETFs, almost an year ago I started investing €100 each in Vanguard S&P 500 and Core MSCI world, even though it’s up since I started I’m not sure if its the right ETF for me because everyone is talking about FTSE All World in this sub reddit m. Scalable capital doesn’t me show details of how the compounded interest is re-accumulated which makes it a lot more ambiguous. Given that I’m not an expert, in which ETF should I go all in with a monthly ~€300 investment? Risk appetite wise I don’t panic sell when my portfolio is negative (HODL’d even when it went down like ~€3.5K and came back up).
- Would it be wise for me to get myself a mortgage? Current situation with the rent splitting is really lucrative but I don’t know for how long I can ride this wave. If I get married soon a ~€1800 apartment would eat a big portion of my salary with no return. The interest rates seem quite high atm and I’m not sure if locking myself in mortgage would be a wise decision.
- If I get my passport soon enough, I might wanna go to US for some time, and for my retirement I’m eyeing a LOCL country like Türkiye. In such circumstances (leaving Germany) what happens to my brokerage/portfolio? Can it get transferred? Do I need to sell everything? In case of ETFs that would just be a waste of all the time I spent investing if I have to sell or smth. Can we keep the same brokerage when we leave Germany? Can we keep investing in it like before?
- I’m not into get rich quick schemes, but I really want to grow my capital as I age, and investing huge amounts in ETFs and Stocks make sense to me. But am I missing something that I should be doing differently?