jessika544
New member
Hello, everyone!
I am planning to start investing for my future and I am thinking that ETFs may be the way to go ahead.
Background - I am a Non-EU/Non US citizen. After several years of working, I have accumulated some cash but nowhere near enough to purchase a home in Germany and I am happy with just renting forever but I am very much interested in getting the best returns for my money and I would prefer a safer investment. I may do only one large investment €20K and I do not need this money for long-term (15-20 years). And may be also invest in ETFs time to time, through a sparplan or otherwise. Also I am currently with Sparkasse, so need to change my bank soon. I already have fund for emergency expenses. Also I am currently eyeing FTSE All world or MSCI ACWI.
I have a few questions and your help is much appreciated –
I am planning to start investing for my future and I am thinking that ETFs may be the way to go ahead.
Background - I am a Non-EU/Non US citizen. After several years of working, I have accumulated some cash but nowhere near enough to purchase a home in Germany and I am happy with just renting forever but I am very much interested in getting the best returns for my money and I would prefer a safer investment. I may do only one large investment €20K and I do not need this money for long-term (15-20 years). And may be also invest in ETFs time to time, through a sparplan or otherwise. Also I am currently with Sparkasse, so need to change my bank soon. I already have fund for emergency expenses. Also I am currently eyeing FTSE All world or MSCI ACWI.
I have a few questions and your help is much appreciated –
- If I do not need to access my investment for at least 10-15 years, is it better to have accumulating or distributing ETF (for tax purposes).
- What happens to my investment if I leave Germany? Can I keep all my ETFs here in investment account? In this case I may not use my investment account in Germany and probably won't do investment through this account but would prefer to leave existing investments till planned selling date here (at least 10-15 years down the line). Also investing in my home country is not an option because even if I leave Germany, I do not know where I would be heading next.
- Relating to point 3 - Accumulating ETF would be helpful if I leave Germany right? Make re-investment easier.
- Is it possible to change status of accumulating to distributing and vice-versa as you wish or i depends on the ETF and it is fixed?
- Which broker is cheapest if I want to purchase 1-3 large ETF (E.g if I want to divide 20k sum in 3 ETFs) ? Current options are (since I also need to change my bank)- Ing-Diba, Comdirect, DKB, Onvista and Flatex.
- Do pure broker banks like Flatex and Onvista take care of the German taxes?
- I was thinking of going with Flatex, since their interface is in English but if I am only purchasing 1-3 ETF for long term, so not sure how much this matters. How good is Flatex? Are they good enough for single large purchases?
- Out of Ing-Diba, Comdirect, Onvista and Flatex which is cheaper for FTSE All world Sparplan?