Savings account/safe investments

7 posts in this topic

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!

0

Share this post


Link to post
Share on other sites

 

My question is what kind of investment would be fitting to me, in that it is relatively safe, and has a somewhat high fluidity?

Buy cases and cases of single malt and store them in the cellar.  Safe, and highly fluid!

0

Share this post


Link to post
Share on other sites

If you want very little risk with decent interest, you could try something like https://www.weltsparen.de.  Otherwise, you'll need to take on more risk (e.g. - a properly diversified stock/mutual fund portfolio).  You will (most likely) get better interest than you would from a bank given a long enough timeline, but if you want access to the money in the short term, you would have to be OK with potentially having to sell your shares at a loss or not using that money.

 

The thing is that there is a pretty strong risk/reward correlation with investing.  If it is safe, you won't get much interest and you have to take on risk to get higher interest rates, so you have to decide what is more important to you.

1

Share this post


Link to post
Share on other sites

Maybe pee-to-peer lending is for you? It's almost as safe as savings accounts and the interest rates are higher. For example https://www.lendico.de. You can read about it here.

 

 

While interest rates on savings accounts are almost zero in Germany, your money doesn't have to be invested in Germany. Try weltsparen.de, like Gold and a Pager suggests.

0

Share this post


Link to post
Share on other sites

I am bumping up this thread, rather than starting a new one, as it is the question I wanted to put.

 

So I have 90 K sitting in Deutsche Bank and 90 K sitting in Commerzbank. I am interested in a super-safe investment (as I am up to my other ears in risky investments).

 

I used to love timed deposits (say for one week) in European banks, as you still got a decent bit of interest ten years ago. Something along those lines is what I am searching for, i.e. super low-risk and with decent enough access to your money at any time (well, certainly 10% of it). Any suggestions?

 

[P.S. I toyed with buying a small property, but have not found a summer hut in a location I like, while flats costing around 150 K are the bottom end of the market in cities.]

0

Share this post


Link to post
Share on other sites
On 16/05/2021, 11:28:35, Carlyle said:

I am bumping up this thread, rather than starting a new one, as it is the question I wanted to put.

 

So I have 90 K sitting in Deutsche Bank and 90 K sitting in Commerzbank. I am interested in a super-safe investment (as I am up to my other ears in risky investments).

 

I used to love timed deposits (say for one week) in European banks, as you still got a decent bit of interest ten years ago. Something along those lines is what I am searching for, i.e. super low-risk and with decent enough access to your money at any time (well, certainly 10% of it). Any suggestions?

 

[P.S. I toyed with buying a small property, but have not found a summer hut in a location I like, while flats costing around 150 K are the bottom end of the market in cities.]

 

If you don't need the money in the coming decade than investing it in an all world ETF is fairly safe as long as capitalism isn't overthrown in the meantime.

0

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now