Who are you?
I'm Alex, 31 years old and live in Berlin. After various positions in consulting, e-commerce and environmental protection, I have been one of the few self-employed fee-based financial investment advisors in Germany since the beginning of 2020. In this role, I help my clients build up their assets with ETFs. If desired, I am also happy to do so sustainably.
I came to fee-based consulting because when I was a student, I was sold overpriced, commission-based products by a traditional financial advisor. In my opinion, true independence can only be guaranteed if the advisor is not dependent on commissions. There will always be a conflict if the advisor earns more as soon as he sells more expensive products.
That is why I have decided to do it without commission payments and to be paid exclusively by my clients.
Please have a look at my homepage. There I offer all interested parties a free initial consultation. I also regularly post financial tips on my Instagram channel.
In my free time, I've been training Thai boxing for many years and deal with topics such as healthy nutrition, meditation and personal development.
When did you start investing?
I made my first investments during my studies about 10 years ago. Out of ignorance, I trusted my financial advisor at the time, who was probably earning more on the products than I was due to issue surcharges and TERs beyond 2%.
But I quickly learned from that and have been managing my finances on my own for years.
What is your investment strategy?
Since I don't believe I can beat the markets in the long term, I invest in global equity ETFs with a buy-and-hold strategy. In addition, sustainability is particularly close to my heart, which is why I have also taken this topic into account in my ETF selection.
What is your secret tip or a sector/stock that you currently like?
1. Return and risk are an inseparable pair. There is only one free lunch in investing and that is diversification. This is the only way to reduce your risk without sacrificing return.
2) It is often underestimated what an enormous negative impact 2% additional costs through an equity fund or an unnecessary insurance wrapper can have on your long-term asset performance. Therefore, always pay attention to the product costs.
What was your biggest investment mistake?
The initial investment in active mixed funds cost me about 2 years of asset accumulation. That will be very expensive in the end. On the other hand, I am glad that these mistakes were made very early and with relatively little capital.
What does your portfolio currently look like?
As it is the end of the year, I am rebalancing. After that, the following distribution should be in place:
69% MSCI World SRI
30% MSCI EM SRI