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The FAZ financial bloggers are laymen

Word gets around among the younger generation that long-term investing is a real alternative to savings accounts or life insurance. Understandable, because if you have little or no wealth, you have to build it up first. But it is difficult without interest. In this respect, it is as logical as it is gratifying that more and more young people in Germany are investing directly or indirectly in stocks.
But there is resistance. On the one hand from the ranks of politics and there in particular from the Ministry of Finance, which is headed by the red Olaf. So the one who has an income of over 15,000 euros feels neither rich with month still thinks she belongs to the upper middle class. Olaf is also modest when it comes to private investments. He is satisfied with the return on his savings account, whereby he often doesn’t even bother to transfer his money there and instead lets it perish in the checking account.
Understandable, because anyone who receives as much money from the state as Olaf does not have to worry about building up their wealth. Especially since Olaf, as federal minister, has a transitional allowance of over 70,000 euros after the next election clap makes you comfortable and, thanks to his contacts, probably has one or the other lucrative seat on a supervisory board or consultancy contract open to him.

Olaf Scholz – Expert for savings book deposits and arm-arming (Image source: https://www.flickr.com/photos/28042509@N08/4659584358)

Olaf reacts with a corresponding lack of understanding when it comes to building up wealth with shares. In order to thwart this, every means seems right to him. One of them is called a financial transaction tax. Originally intended as an instrument against speculative excesses, Olaf converted the term into a planned penalty tax for small investors. It is less important to him where the income from the penalty tax goes, whether it is financing the state basic pension or the EU than punishing private provision in itself. Fortunately, EU colleague Olaf regularly whistles back and also raises other crude ideas such as unequal treatment of gains and losses in options trading blocked even in this country.

To cut a long story short: there is hope that something like a shareholder culture will still be established in this country. Especially since numerous financial bloggers are promoting the stock market on social media. Its reach extends across all social networks and grows from year to year. It stands to reason that the young generation’s awakening on the stock market is also related to the work of financial bloggers. At this point I do not want to conceal the fact that there are black sheep among the financial bloggers and that many under-run newcomers to the stock market, fueled by cheap brokers, tend to strive for quick money. Still, long-term investing in the stock market is on the rise.

All the more regrettable when the traditional press opposes the trend towards long-term wealth accumulation with poorly researched opinion articles. This is what happened in the latest print edition of the FAZ (Frankfurter Allgemeine Zeitung), which – by its own account – is one of the best newspapers in the world wants to apply. However, nothing of this can be seen in the offending article. Instead, the reader is deliberately bullied by the share savings plan, financial YouTubers such as Aktienfinder.Net are presented as laypeople and indirectly the usefulness of their cooperation with online brokers is questioned.

In this video, I’ll show you where the FAZ is wrong with its article and hope that as many as possible see the video so that as few as possible are put off by financial YouTubers like me and share savings plans.

If you are interested in building wealth with stocks, take a look at the starter package. Here you get everything you need to build wealth with stocks.

Share savings plan_3 steps_graphic

The post The FAZ financial bloggers are laypeople appeared first on Aktienfinder.Net blog.

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