Finances in Germany

Investment / Insurance / Retirement

Monat: März 2022

Burglary with crowbar. Burglar in balaclava breaking a glass door. Masked housebreaker entering a house for stealing in the daytime.

Hausratversicherung

2022-03-21 / / Keine Kommentare

What is it? When I need that?

The Hausrat – what is in home in – Versicherung – insurance!

This insurance is quite easy.

The insurance company gives You the money, if everything or a part what is in Your home:

would be STOLEN or

from WATER destroyed or

form FIRE destroyed.

Insured is everything what is loose in Your home ( if flat or house).

Mostly is also a bicycle in this insurance insured. It has to be extra insured.

TO invest ? or NOT TO invest? -now?

2022-03-17 / / Keine Kommentare

To invest right now or to wait – that is a QUESTION.

Right now the politic, social, human situation in EU is very strained. 

Few weeks ago, we got the first messages, that at the pandemie – the controll / end is „just in touch“. That the economic and mood are having better. 

And then – the Russian attack at Ukraina. 

Unbelievable and still true, and the breathless hours of – what is gone happened KNOW, in next. The West countries decisions, the sanctions, the „Russia Stop“ movement, the war in Ukraina.

But and And still the life goes on. And still many of my clients, ask me and them selfs:

Should I now invest the money at the capital market?

And if Yes – where? – how?

Well the „practical wisdom“ is ask. 

A few rules about that:

  • would You bet, ALL your to invest money, at one horse, at one run? No way! You are  not stupid! You would try to make as many runs, with different horses, and different places as possible. The same is with a good investment. You should have many different funds / stocks. Then is the risk to loos much lower and the possibility to make the good wins, much higher. And at the end if You have for an ex. 10 funds and few of them are making a minus – it is always a question, how big plus was made from others. An average makes it!
  • Think about it, what the people could need, what are right know the future issues. Right know are it, for ex. ecological environment, saving water, renew energy.  And does are the trades where You can invest.
  • Think in which countries went out of the pandemic, as a winner. For ex. New Zealand, South Korea, Vietnam
  • And then the „gold rule“, to invest when the markets are down. Ok this moment to catch is very difficult, here makes more sense to divided the money in small groups ( for ex. each a two thousand €) and keep a discipline to make it few months in the same funds. So in You have a better possibility to catch a good moment.

So for me Yes, know it is a good moment to one-time investment!

Haftpflichtversicherung

2022-03-16 / / Keine Kommentare

Haft -liable Pflicht – duty Versicherung – insurance

In Germany from that moment, when You are older as 14, you are always responsible for a damages that You did. It doesn’t matter if it is at THINGS ( Sachschaden) or PERSON (Personenschaden) or ASSETS ( Vermögen).

For Example: You ignored the red light at the pedestrian walk and a car has to brake, destroyed a traffic lamp and a car driver is also hurt.

Who pays for all the damaged and the „lost earn money“ for the driver?

You Do!

That is why the Haftpflichtversicehrung is a „must have“ in German.

BUT You know the Germans love it, when it is complicated so this one is also for me the Number 1, under the complicates insurances in Germany. What from my point of view and after 17 years in job, has to be „in“:

  1. The insured sum: minimum 10.000.000€ in all 3 parts – Sachschaden / Personenschaden / Vermögensschaden / .
  2. Forderungsausfall– it means MY insurance pays me, when somebody made a damaged to me and didn´t have a Haftpflichtiversicherung. For example a bicycle driver pushed You at the street, You broke complicated Your arm. This person has no insurance – then Yours pays You the „pain money“. And the best is, You don’t have to take care, how to get the money from this person – Your insurance does it.
  3. Gefälligkeitsschaden: mostly when you help a friend by moving out, You don`t think about it, who would pay for a damaged that You did with his coach at the wall. Well here started to be complicated, because You did it as favour for Your friend. And then all insurances could say- not our problem. Because Your friend gave You the responsibility for the coach, to You – so his doesn´t have to pay. And Yours can say, it was Your a favour for Your friend, and not Your coach.
  4. Vermietete Mobiliar in fremden Zimmer– beweglich und unbewegliche: a glass of red wine, can cost You a lot of money, it You keep it a the wall in some rent room. Because for cleaning it or renovating the room, You have to pay. And in this moment You don´t want to found out, that Your insurance pays just for not movable stuff.

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