An experiment with retirement money 🇪🇪. Part 1. Acceptance

Posted by Submitted by Emotional Egghead 2 min. reading 5.6k Views

Я wrote earlierthat I have decided that I will leave the 2nd pillar pension. Today is 31/07/21 and I had the last opportunity to cancel the submitted application and leave everything as it is, but I did not :).

The decision was not easy. The market situation today is unhealthy, I wrote the same before that the financial crisis is not far off, but no one knows when it will come. I will receive my money in September, and there the following amount has accumulated:

My retirement savings

On the account formed 19 734 euro. It must be taken into account that much less will be credited to my account. The state will take 20% of the amount, so I expect to get about 15 787 eurowhy about? The answer is simple, the fund manager may, when selling assets, sell a little cheaper than the market, or the market itself will begin to sink.

About 1,3 billion euros will be pulled out of the pension system. Everyone will use this money for their own purposes. My goal is to invest on my own. So what will I do?

An extremely precise plan will be ready during August, but now there is already a clear understanding and it will now be like this:

  1. I am opening a company. Investing through a company will be more profitable and more convenient for me in terms of taxes. I do a lot of transactions, so it’s more convenient for me not to declare them anymore and leave them at the company.
  2. Set up accounting. I want to work with one girl :), but so far she does not accept me in her portfolio 🙂 I hope I can agree or find someone to my liking.
  3. Most likely the main focus will be on promotions. Real estate is certainly good, but with such money I will only get 1 apartment, and this is not very interesting. It will be much more lively to invest in several assets and follow their development.

I will do the distribution by sectors in stages, as well as enter into some positions. I will especially wait for a strong correction in the financial markets, since the situation is really unhealthy, and in case of drawdowns, I will gradually enter by averaging the price.

I would appreciate your reactions and comments/questions :).