Investing yourself or having it managed: how to make your decision
To decide whether to take your investment into your own hands or to seek help with it, you should first ask yourself the following questions:
- How intensively do I want to engage with my investment? Are you personally interested in finance and do you want to keep on top of it continuously? Or would you rather outsource this topic and not have to deal with it in your everyday life?
- How much may the management of my assets cost? A self-organised investment saves the fees that would be incurred for personal advice. Digital wealth managers usually offer a more favourable cost structure than traditional wealth managers.
- Do I want to bear the responsibility for my money myself or would I rather hand it over? Every form of investment comes with a certain degree of risk. Would you rather take on the responsibility for it yourself, or would you prefer a point of contact to whom you can largely hand over this responsibility?
Option 1: You invest your money yourself
If you want to invest money yourself, you inform yourself independently about various investment strategies and products, open a securities account with a bank or a broker and invest there in the investment products you have chosen.
Investing money yourself suits you if you …
- … already have comprehensive financial knowledge.
- … enjoy keeping yourself continuously informed about the financial markets and investment strategies.
- … would rather take on 100 % of the responsibility for your investment yourself.
- … only want to spend a little money on the management of your assets (caution: if products that are too expensive or too risky are chosen, it can still become expensive).
Investing made simple
Option 2: You use a traditional wealth manager
Whether at your local bank or a fee-based wealth manager: in this traditional setting, you pay for your money to be invested for you. Some banks or providers offer wealth management only from a certain amount of assets onwards.
A traditional wealth advisory service suits you if …
- ... you do not want to engage intensively with your finances yourself.
- … you have a large amount of assets that you cannot/do not want to manage yourself.
- … you do not mind higher fees for wealth management either.
- … you have found a provider to whom you can entrust your assets without any qualms.
Tip: Look for an independent wealth manager. Wealth managers tied to major banks in particular often work with products that are too expensive or inefficient. When choosing your wealth manager, it is best to make sure that investing is done in line with scientific findings. This includes, for example, avoiding expensive actively managed funds. Also make sure that the investment strategy is set consistently on the basis of your investment goals and your personal risk profile.
The middle way: digital wealth management
Between the complete do-it-yourself approach and traditional wealth management lies digital wealth management. Digital wealth management is also accessible to people who do not yet have a large amount of assets, and it offers the possibility of a transparent, low-cost investment.
Good digital wealth managers are characterised by the following features:
- Easy start: Opening an account and a securities account is possible entirely digitally, often within a few minutes.
- Scientific investment strategies: Portfolios are broadly diversified and put together according to clear rules.
- Automated rebalancing: Deviations from the target portfolio are corrected regularly and cost-efficiently.
- Transparency & security: Customers have online insight into their investments at any time and can flexibly make deposits and withdrawals.
- Lower costs: Thanks to the digital approach, the fees are usually significantly lower than at traditional banks. The specific investment products also come with only low costs.
A digital wealth manager is thus a modern way to invest money. It offers you the convenience of professional support combined with low costs, transparency and flexible access to your portfolio.
Investing money automatically with quirion
You pay a comparatively low wealth management fee and in return receive an ETF portfolio that is created automatically on the basis of your personal risk profile.
In doing so, it is not the products but your personal financial goals that take centre stage:
- Life goals instead of products: Whether retirement provision, a rainy-day fund or saving for children – your goal determines the right strategy.
- Automatic adjustment: Performance-related deviations from the target portfolio are corrected regularly and cost-efficiently, so that the investment strategy always stays in line with your financial goals and your risk mentality.
- Cost advantage: With a wealth management fee of just 0.48 % p.a., quirion is one of the most affordable providers in Germany.
- Discipline & transparency: In the clearly laid-out quirion app you can see at any time whether you are “on track” – and so stay motivated to stick with your investment over the long term.
In this way, you combine the advantages of professional investing with a clear focus on your personal goals – scientifically grounded, low-cost and available digitally at any time.
Opening an account with quirion is this easy:
Registrieren
Open an account
Deposit money
Claim your welcome bonus
Auf Rendite freuen!
