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nickHTTPS posted a topic in FinanceHi Everyone, I was looking into REITs in general and I was wondering if there's a platform like Fundrise in Germany since it is only USD based. If you don't know the platform: "Fundrise is an online real estate company that lets average — read: not wealthy — investors buy into private commercial and residential properties by pooling their assets through an investment platform." They offer a product called "eREITs". Thanks a lot!
Hi All, I saw an old thread on this a couple of years ago, so things might have changes since then. A few questions: 1. Is there a similar thing to an ISA here in Germany? 2. Are there any platforms which is safe for an investment a good interest rate? 3. Any reccomended pension schemes I can start investing in now? 4. Finally, do you need a finical advisor? Thanks a lot, I am really struggling to find good investment schemes in Germany. And considering opening another ISA in UK. Although I am a permanent resident here.
Stocks from USA , taxes, and ability to keep all in American brokerage due to >6 months living in Germany
frankmuller posted a topic in FinanceHi all, I wanted to ask a question directly related to what type of stocks we are allowed to hold while living in Germany. I was told after 6 months of living here, which is now 8, that we are "German residents", which means that you are supposed to tell your bank/brokerage that you are living abroad which may or may not limit the type of Stocks, rather ETFS (SP500 for example), that we are able to buy. Not sure how accurate this information is so if someone could shed some light that would be appreciated. I am new to Germany and was attempting to search through the forums for more information as well as online but came to a loss and couldn't find anything. I spoke to a tax consultant here in Germany who did not know, as well as someone from Charles Schwab who did not know exactly what to say. What I did find out from Charles Schwab, which may or may not be true, is that if we already have ETFS then we can keep them, but we are not allowed to by new ones due to an American law. Apparently we can keep Charles Schwab as a Brokerage if we let them know where we live. My questions are: 1. Does anyone have experience with moving to Germany from the USA while holding a considerate amount of money in American stocks, as well as what did you have to do with your ETFS and what are the laws for what we are allowed to hold while living in Germany, do we need to report a new address in Germany? or are we allowed to keep the American address. Are there penalties for not reporting German address. 2. I read that the tax rate is a straight 25% here in Germany for all stocks. I found out from someone that we would pay the capital gain fees in the states (15%) and then pay the 10% difference here in Germany. Is this true and how do we pay this exactly? 3. The tax consultant (Steurberater) told me that inheritance is only charged when it is >400,000 euro from a parent and >200,000 form a grandparent, I believe this to be true but did not find any information on this. 4. Are we allowed to keep our American Banks open? Any info is greatly appreciated as this is not easy to find and is very new to me, although I have searched for hours on end and spoken to many people. Thanks! Frank
Dear TTers, I've been taking a closer look at my insurances in recent days to check if I have sufficient coverage. I live with my spouse in Germany. We're both employed - one in IT and the other in Quality Assurance (Pharma). One of the add-on components available for Beruf Rechtsschutz (Legal Insurance for Work) is ''Straf-Rechtsschutz'. What I understood from reading a bit on the internet is that this helps if criminal charges are brought against you in a professional capacity e.g. fraud, insult, trespassing. It seems to be oriented towards public/govt. officials or those with extensive customer dealings (accountants, doctors, retail employees). https://www.ks-auxilia.de/rechtsschutz/privatkunden/spezial-straf-rechtsschutz/ https://www.finanzprofit.org/spezial-straf-rechtsschutz-im-privatrechtsschutz.html Would it make sense for someone with a more 'internal' job profile (e.g IT etc) to have this coverage? Is it common for employed people to have this? Thanks in advance for sharing your opinion.
Hello all, Recently I have been able to save some euros, which currently are just sitting in my account. They are not much, mind you, since I'm just a grad student, and have been here for 6 months so far. Now I still have at least 2.5 years ahead, hopefully, and I would love to make some safe investments with it. Checking around I got the general feeling that savings accounts are not the best options, since interest is almost 0 here in Germany. My question is what kind of investment would be fitting to me, in that it is relatively safe, and has a somewhat high fluidity? I appreciate any help. Thank you!