If you’ve got patience I believe it’s a great time to invest… I’m no expert but as Warren buffet said he’s seen this happen a number of times throughout his life

@@harrisonjamie794 I've known I had wanted to start investing for a few months but just haven't been brave enough to start due to the market so far this year. I have $60k I want to transfer into an S&S ISA but it's hard to bite the bullet and do it. $457 is a huge milestone, Please what's your strategy? I will love to have an insight

@@georgerobinson2021 I began with a fiduciary portfolio advisor by the name MARTHA ALONSO HARA. She’s verifiable and her works ethics is in accordance with the US investment act of 1940. Her approach is transparent allowing total ownership and control over my portfolio with fees very reasonable in comparison with my investment-income. Also, She covers things like investment insurance, making sure retirement is well funded, Go over tax advantages , ways to have a volatility buffer for investment risk. many things like that.

@@harrisonjamie794 Word of the day: fiduciary. do not talk to anyone who is not a fiduciary to you, who explains everything.

@@georgerobinson2021 MARTHA ALONSO HARA really seems to know her stuff. I looked her up on the web using her full name and found her page, read through her resume, educational background, and qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I'll book a session with her

Der Handel mit einem Experten ist die beste Strategie für Neulinge und vielbeschäftigte Anleger, die wenig oder keine Zeit haben, den Handel zu überwachen.

Ein Gewinn von 43.000 $, der jede Woche in mein Portfolio geschickt wird, Ms. Angela Cole Car, ist unglaublich.

Ich habe viel über das Handeln und Investieren mit Frau Angela Cole Carr gehört und wie gut sie ist?

Ich war so erfreut zu sehen, dass mein Makler auf KZfaq darüber gesprochen hat. Genau so bekam ich eine Empfehlung für Frau Angela Cole Carr. Zuerst war ich etwas skeptisch, aber schließlich gab ich ihr eine Spur mit meinem Li

Ihr guter Ruf spricht bereits für sie. Letzten Monat habe ich über 100.000 $ bei ihr investiert und bereits über 50.000 $ Gewinn gemacht.

Great idea! We'll think of some typical expat scenarios and go more into detail of the individual levels.

Thank you for the nice words. 🙂 Pensions level 2 have individual maximum contributions (2021 numbers): - bAV (company pension) offers 6.816€ tax-free & 3.408€ free of social security - Riester offers 2.100€ tax-free & government bonuses (175€ for adults & 300€ for kids) So yes, it can make sense to still secure government bonuses with a Riester despite having a bAV.

Separate pension videos with scenarios (e.g. which pension is best for whom) will come in January.

Great questions. 1. All employees have to opt-in to public pension level 1. If you want to withdraw your savings, you have to go for pensions level 2 or level 3. 2. Freelancers have much more freedom, because they can opt-out of public pension under certain circumstances.

Great questions you are asking yourself, because pension planning means long-term planning! This video might help you kzfaq.info/get/bejne/l5qaoc6KrtimhWQ.html or you can secure a free meeting with this link perfinex.de/meeting & Axel will help you find the pension (level) that's right for you.

Thanks for your reply! I posted the comment before watching the rest of the videos and now I have a better overview. Again, thanks a lot 👏🏼

I'm happy the video was helpful to you. 😊 To "private pension is the option to go": - It depends whether this expat wants to buy a home for self-use or a real estate investment. - Getting a monthly pension from Germany is not that bad even if you decide not to retire in Germany, right? At least you enjoyed the tax benefits of level 1 + level 2 your entire working life. To "recommendations": - Depends on many different factors: what are you getting this pension for? For how long? Do you eventually wanna use it to invest in real estate? If so, self-use or rent it out? What kind of ETFs/Mutual Funds do you want? Do you want a guaranteed payout? If so, how much? - We can talk about your wishes for a private pension and help you find the best one for you: perfinex.de/meeting To "Riester" - You can cancel a Riester anytime and get your contributions (-tax savings & -state bonuses) - If you wait until retirement age, you can get up to 30% payed out once and the rest will be a monthly pension - Axel

You can find your public pension points in the letter the Deutsche Rentenversicherung is sending you every year. The public pension letter is explained here: kzfaq.info/get/bejne/ep2om8yYls6Vd3k.html

Excellent question. You can get any level you want and combine independent of each other.

@@PerFinEx Thank you!

You are right. It depends on the rules of the pension in your country of origin.

Great question. Employees have to pay into public pension, only self-employed have the freedom to opt out.

PerFinEx - Personal Finance for Expats in Germany Thanks so much for your response

Public pension is the pension from the government (Deutsche Rentenversicherung). Base pension is the private version of the public pension from private insurance companies (kzfaq.info/get/bejne/Z9mpq8xhprqsfn0.html). VBL is the company pension of public service employees (kzfaq.info/get/bejne/g8iBlsabtMvFe6c.html).

Deferred Compensation = Company Pension Level 2

@@PerFinEx Thanks you made things very clear. Would love to see your other videos

Hi Ariful, good to hear that our videos are helpful to you. Makes me very happy. Q1: As an employee you are forced to pay public pension and all other social security, so base pension would be on top. As self-employed or business owner you can exit public pension and just pay base pension. Q2: You can choose and combine any pension level you want and whichever pension makes the most sense for your personal situation. That's the beauty about the German pension system. - Axel

@@PerFinEx Thanks for the details answer Axel. Appreciate it.

@@PerFinEx humm..so one MUST be public insured and then combine the other 2? That can be my way to go as an Expat who already pays for a House in my home country, knowing that I will be in Germany for at least 5 years, and then who knows. But if I combine 2 and 3, the benefits of one and another will be separated, right? Like they don't even care if I'm "cheating" with the other one, oder? :)

You are right, public pension (actually all of social security) is always mandatory for employees in Germany. You can only exit as self-employed or business owner. If you would like to get other pensions on top of the mandatory public pension, you will get additional benefits like government bonuses or tax benefits.

@@PerFinEx thank you!

Great, that you want to improve your financil future! You can book a free meeting right here and we will make sure you'll get all the answers you are looking for: perfinex.de/meeting

Maybe you mean public pension (the German government pension system)?

Us citizens can buy ETFs in Germany, just not in standard brokerage accounts. With the right type of pension scheme even US citizens can invest in ETFs. We can help you select a pension scheme in a free meeting: perfinex.de/meeting

If you move to another country within the EU: Yes. If you move outside the EU you (officially) have to cancel your Riester pension and will get your money back.

@@PerFinEx Thanks for your reply. its clear now. If I cancel the pension plan, I will get only my contribution back and not the goverment subsidy. Am I correct?

As long as you are an employee nothing will happen to your Riester pension.

As long as you are an employee the government is forcing you to pay into public pension (Deutsche Rentenversicherung).

Hi. Bitcoin sky rocket above $50k and would hit $100k by Dec. Start buying cryptocurrencies is good they're a huge help down the road for financial progress.

Good for you!

Good

You need to learn the differences in living costs in India and Germany. In 500 euro, you can't even rent a reasonable 2 room house in Germany and the idea of a getting a 'maid' doesn't exist here.

@@Shubh22 I was in UK for months so I know the cost of living and expenses there are high, what I ment was after 15 years of service what I am getting here is less 500 € is now nothing in Indian cities a flat costs 100k plus !

The German public pension? Then yes. Absolutely corrent. That's why it is so bad. All other private pensions? No ponzi scheme.