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Money focus week: How to secure your finances for the future!
Find out everything about investments, retirement provision and insurance during the consumer centers' money focus week (Jan. 27-31, 2025) - online for free.
Money focus week: How to secure your finances for the future!
From January 27th to 31st, 2025, the consumer advice centers are organizing the money focus week, which deals with various aspects of financial planning and investing. The aim is to provide participants with free expert knowledge. The event will take place online, so those interested can take part from the comfort of their own home. Registration is required.
The topics of the lectures are diverse and range from private retirement provision to annuitization of real estate to sustainable investment options. Further content includes the basics of occupational disability insurance and the distinction between important and unnecessary insurance. How ETFs work is also covered, including a step-by-step guide to purchasing them. An overview of your own finances is also given in order to identify cost-wasters and show savings options for every budget. Further information and the option to register can be found on the consumer advice center website at www.verbraucherzentrale.de/focusedwoche-geld, How ABG Net reported.
ETFs and cost comparison in focus
The consumer advice center has also provided information on cost-effective forms of investment. According to their research, ETFs on MSCI World or FTSE All World are often cheaper than many other investments. In a cost comparison, pension and life insurance policies come out ahead with high acquisition and administrative expenses. For example, the costs for pension and life insurance amount to up to 7.9% of the premium amount for acquisition costs and up to 2.3% annually for administrative expenses.
In contrast, ETFs only have an order commission of 1.5% of the savings contributions and 0.2% of the capital annually. Other forms of investment such as equity mutual funds and asset management entail higher costs, with fund policies often having high costs that do not offset the tax benefits. Individual risk strategies and appropriate asset allocation are also key aspects, with the rule of thumb of equity allocation based on maximum bearable loss serving as a pragmatic guideline. For more detailed insights into investments and retirement planning, those interested can view the offers from the consumer advice center at https://www.verbraucherzentrale.de/wissen/geld-versicherungen/sparen-und-anlegen/geldanlage-und-alterssorge-so-legen-sie-ihr-erspartes-am-besten-an-43767 see how it is explained in another communication from the consumer advice center.