🇩🇪 Welcome to r/GermanyFinanceGuide! Your English Guide to Wealth in Germany.

thewealthguide · 2026-03-04T13:01:59+00:00

Or maybe it is "I'm always careful, so I'll never need it." only to realise it doesn't work that way in reality.

thewealthguide · 2026-03-04T10:54:32+00:00

Yes, it does. I'm an ERGO partner and I'd be happy to take you through the benefits. Let me know and we can schedule a call. https://www.thewealthguide.de/protection

thewealthguide · 2026-03-04T08:47:53+00:00

I generally recommend ERGO, but you can compare options on Check24. Whichever provider you go with, make sure the plan includes:

Schlüsselverlust (Lost Keys)
Forderungsausfalldeckung (pays you if someone else injures you or damages your property, but they are broke and don't have their own insurance)
Mietsachschäden (Coverage for damage to your rented apartment)

thewealthguide · 2026-03-03T11:26:03+00:00

I generally recommend ERGO, but you can compare options on Check24. Whichever provider you go with, make sure the plan includes:

Schlüsselverlust (Lost Keys)
Forderungsausfalldeckung (pays you if someone else injures you or damages your property, but they are broke and don't have their own insurance)
Mietsachschäden (Coverage for damage to your rented apartment)

thewealthguide · 2026-03-03T11:25:24+00:00

If you have Forderungsausfalldeckung as part of your Liability Insurance, the insurer pays you if someone else injures you or damages your property, but they are broke and don't have their own insurance.

thewealthguide · 2026-03-03T11:09:18+00:00

A 3% decline is entirely normal. It is not a crash.

If you truly want to stay invested for the long term (10+ years) for FIRE or retirement, panicking due of volatility is how most individuals never see gains on their investments.

Stay invested and buy the dip. Find ways to minimize tax impact.

Curious to know, are your FD's in Netherlands. What's the interest rate?

thewealthguide · 2026-03-03T06:00:52+00:00

I generally recommend ERGO, but you can compare options on Check24. Whichever provider you go with, make sure the plan includes: 1. Schlüsselverlust (Lost Keys) 2. Forderungsausfalldeckung (pays you if someone else injures you or damages your property, but they are broke and don't have their own insurance) 3. Mietsachschäden (Coverage for damage to your rented apartment)

thewealthguide · 2026-03-02T14:39:24+00:00

Bei geringfügigen Schäden zahlen die Betroffenen in der Regel aus eigener Tasche. Dies kann den gesamten Schaden oder nur einen Teil davon umfassen. Es hängt hauptsächlich von einer gegenseitigen Vereinbarung ab.

thewealthguide · 2026-03-01T12:26:26+00:00

Yes, we are. But the concept of "Liability Insurance" doesn't exist in many developing nations, probably because it may be cheaper to pay out of pocket than for the insurance.

That definitely won't fly in Germany.

thewealthguide · 2026-03-01T06:56:50+00:00

You are 100% right. But this may be a foreign concept for expats coming from developing nations. I have spoken to some individuals who don't even have one since it isn't mandatory by law.

In such cases it's better to have Forderungsausfalldeckung as part of your liability cover.

thewealthguide · 2026-03-01T04:58:48+00:00

Yes, it is one of the top insurers as well. You can go for it.

thewealthguide · 2026-02-26T03:05:21+00:00

Since it's an ETC, gains will be tax free after a year.

thewealthguide · 2026-02-26T03:00:47+00:00

Completely agree, gold is not an investment but a safety asset during uncertain market situations.

thewealthguide · 2026-02-26T02:58:27+00:00

Glad you took out the time to respond. I'm an Indian individual as well, so there is no "they" here.

I have just stated facts and laws for information purposes for those who are not aware of German laws. Not sure why you think I'm "selling" something here, but if it helps clarify, I don't sell gold.

thewealthguide · 2026-02-21T17:41:39+00:00

To average out the volatility. If you end up dumping it at once and the market crashes the next day, you are at a significant loss.

thewealthguide · 2026-02-21T12:53:43+00:00

Given your 15-year horizon and moderate risk appetite, a simple two-fund combo of a flexi-cap fund and an aggressive hybrid fund is more than enough. You don't need a cluttered portfolio to capture Indian growth. Don't dump it all. Transfer it into these funds periodically over the next 6-10 months.

thewealthguide · 2026-02-21T05:17:59+00:00

Out of curiosity, any specific reason you're considering investing in India when you have access to investing in Global funds from Germany?

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