Who are you?
My name is Max, I am 26 years old and grew up in the tranquil Münsterland. After graduating from high school, I moved to Bielefeld in 2013 to study law and successfully completed my first state exam in 2017. Currently, I am preparing for my second state exam at the Detmold District Court. I quickly realized that only legal topics would not be enough for me in the long run, so I took a certificate program in business administration on the side. This is also where my extreme curiosity for financial topics and contexts was awakened. In mid-2020, I started my Instagram page because I want to help people invest their hard-earned money profitably and without spending a lot of time. I also try to bring the topic of finance and investing closer to people on my still small TikTok channel with a bit of a twinkle in my eye.
When did you start investing?
In 2018, a friend turned me on to the investment form of index funds (ETF) and I was directly on fire. On summer vacation, my e-book reader was glowing and I soaked up as much knowledge as I could. After the vacation, I started my first ETF savings plan on the MSCI World, which is still running today and is regularly increased. This year, I also acquired the know-how about individual stocks through a state-approved investment academy.
What is your investment strategy?
I follow a very long-term strategy with my ETF investments, i.e. the classic "buy and hold". The ETFs serve as my retirement provision and should continue to be diligently saved and not touched until then. With the now added individual stocks, I am pursuing a growth strategy. My main goal is to increase my capital.
Do you have an insider tip or favorite stock?
My insider tip is that you should not trust insider tips. At the latest when a friend who doesn't own any shares tells you that share X or share Y is a great buy, you should start thinking. You can only lose the race for secret tips against the big institutional investors, because they get the information faster than we private investors.
What was your biggest investment mistake?
My biggest mistake was certainly Wirecard. I trusted that there could be nothing to the accounting fraud against a large German company. Well, now you can even buy books about this whodunit. If anyone has a tip on where Jan Marsalek is, please forward it to me.
What does your portfolio currently look like?
My portfolio currently consists of 50% ETFs and 50% individual stocks. In terms of ETFs, my current allocation is 60% MSCI World, 20% MSCI Emerging Markets, and 20% Artificial Intelligence ETF. My largest position in individual stocks is certainly Apple, followed by AMD.