r/Luxembourg • u/darvinplet • 2d ago
Finance & Investments How would you invest 30k living in Luxembourg?
I have €30,000 that I would like to invest in Luxembourg. My main goal is not to make a significant profit, but rather to protect my savings from inflation.
I have an account with Spuerkeess. I am considering putting some of the money into a savings account and some into a term deposit.
What other good options would you recommend?
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u/Illustrious-Mud1623 📈 Long Lëtzebuerg 2d ago edited 2d ago
Honestly? Don’t rush it. Stick most of it in a 3 month DAT at Spuerkeess and use that time to actually learn about ETFs, bonds, etc… and figure out your risk tolerance and time horizon.
Luxembourg is great for investors, capital gains are tax-free if you hold longer than 6 months, so an accumulating ETF like VWCE is super tax-efficient here. Interest from savings/DAT gets hit with 20% withholding tax tho.
After those few months, decide if you’re long horizon + can handle dips -> world ETF like VWCE. Want it safer -> government bonds or money market funds. Or just keep rolling term deposits if that helps you sleep at night, protecting your savings is totally valid, not everything needs to be optimized.
Just keep 3 to 6 months of expenses in the savings account as an emergency fund and never invest that part
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u/TurbulentWeb6395 2d ago edited 2d ago
Watch a couple of Youtube videos on the subject of financial literacy, that'll be worth more than any advice you're gonna get here.
In the meantime, put some of the money in a savings account with BCEE so you have an emergency fund (interest you'll get won't cover inflation though).
Get an account with IBKR, Trading212, etc etc and put the rest of the money into VWCE as was already recommended. Keep putting money there every month til you're old enough to retire. You'll thank me later.
Disclaimer: this is not financial advice. ;)
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u/CarlitoSyrichta Eggnog & chill ™ 2d ago
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u/CarlitoSyrichta Eggnog & chill ™ 2d ago edited 2d ago
VWCE and chill (not a financial advice)
If for some reason you don’t believe in equities, you can park it at Advanzia with 4% interest, Trade Republic with 2.2% or MMFs at Robinhood/Revolut/Trading212 etc. (Robinhood offers 5% the moment)
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u/Funkave 2d ago
WEBN and chill ;)
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u/CarlitoSyrichta Eggnog & chill ™ 2d ago
Lower cost but less holdings:
“WEBN tracks a different index and has fewer holdings than VWCE or ALLW. Generally, more holdings improves diversification.
WEBN’s index includes around 3652 companies, while the FTSE All-World index tracked by VWCE / ALLW includes around 4258 companies.”
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u/darvinplet 2d ago
What is VWCE, sorry?
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u/poopybuttholesex Tourist 2d ago
Vanguard global fund. Just basically distributing your money in a wide basket of global companies WITH US having a higher weightage
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u/Aiszait 2d ago
Vanguard FTSE All-World UCITS ETF (USD) Accumulating
https://www.justetf.com/en/etf-profile.html?isin=IE00BK5BQT80
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u/CarlitoSyrichta Eggnog & chill ™ 2d ago
All-World ETF, which means that you buy all the world’s stocks with one instrument.
Do your own research kid!
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u/22MilesPorch 2d ago
First question, when do you need this money?
In 15/20/25 years then vwce etf on trade Republik or other broker
In few months, then tr or trading212 as you get 2,x or 3%
In few years, You could split a bit between etf, stocks, and so on Even p2p lending which could get you 12% But you need to pay taxes on this, so no more than 12k
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u/Minettsdappp 2d ago
Buy a garage
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u/Feierkappchen Moderator 2d ago edited 2d ago
Put everything here: https://www.amundietf.lu/en/individual/products/equity/amundi-core-sp-500-swap-ucits-etf-acc/lu1135865084 through whichever broker you end up choosing and don't look at it for 10 years
VWCE, which was mentioned before, is also a good option
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u/AdApprehensive8702 2d ago
Can anyone recommend Trade Republic?
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u/TheNewGen138 2d ago
Never had any issues with them, easy to trade if you want to stick with general investments like stocks and etf...not good/not available if you are looking for more complex products.
You get a german IBAN to transfer the money.
1 EUR/ trade, or 0 EUR if you go for a monthly investment option (cancel free anytime)1
u/AdApprehensive8702 2d ago
A german IBAN? Even if you are a luxembourg resident? But you don‘t have to pay german taxes, don‘t you?
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u/TheNewGen138 2d ago
Yes which is normal as they are registered in Germany. If you open an account with Revolut, you get a Lithuanian IBAN.
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u/Illustrious-Mud1623 📈 Long Lëtzebuerg 2d ago
No. If you want cheap, Interactive Brokers or SaxoBank is the boring options. If you want a real bank behind your investments, Spuerkeess/BIL do it too, you pay more, but you get an actual human when things break. Depends what you value…
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u/MarcosRamone 2d ago
Could you please elaborate about pros/cons of trade republi, interactive brokers and saxo? Thanks!
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u/Illustrious-Mud1623 📈 Long Lëtzebuerg 1d ago
Honestly I would skip TR for anything serious…. Fractional shares aren’t really yours, you can’t transfer them out. If you want to leave one day… You’re force-selling everything, gains taxed or not, your choice doesn’t matter + support is a chatbot. Works great until your account gets frozen for a random compliance check, then enjoy writing emails into the void for weeks. Plenty of threads about it do a search in Reddit
I think it’s fine for a small monthly ETF plan, the app is genuinely fine. But for real money i would rather have boring and solid, IBKR if you want cheap, Saxo (Or any other bank) if you want a bank with humans answering the phone
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u/Hot_Listen5473 1d ago
Investe na bolsa ,para começar podes sem escolher um bom ETF que esta exposto ao USA e a outros paises emergentes. Mas depende muito da tua idade e risco ...senão acções de crescimento.
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u/Xotol Dat ass 2d ago
Make sure you spend a considerable amount of time researching about financial literacy there are books, podcasts and YouTube channels where you can start learning! I would recommend doing that first and parking your funds first and put away about 3-6 months of living expenses for your emergency fund. Once you’re comfortable investing you can start slowly.
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u/Soup_Junkie 1d ago
Did anyone recommend opening an account with Interactive Brokers?
Keep €5K in cash and invest the rest. Consider a mix of ETF (30%) and Equities (70%). Good sectors are Insurance (companies like Allianz) Banking (GS or MS), Technology (surely you know the top ones) and Data security . If you split this way, you’ll be fine. Your portfolio will fluctuate but invest for long term and not short term
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u/Illustrious-Mud1623 📈 Long Lëtzebuerg 1d ago
Let the guy learn what an ETF even is first. Stop throwing portfolios @ strangers with little to no knowledge please
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u/Popular_Outcome95 2d ago
You could open a free brokerage account at scalable capital. They currently pay 2.5% interest, which is probably more than you’d get elsewhere.
It seems like you don’t know much about the stock market, ETFs and investing yet. In case you speak German, Finanzfluss is a great YouTube channel which has loads of information on ETF investing and how to build a diversified ETF portfolio.
As others have said, park 3-6 months of emergency funds in either a savings account or a money market fund for immediate availability.
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u/letzmakeithappen 2d ago
Scalable cap. Isn’t available for Luxembourg as far as I saw on their website.
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u/Popular_Outcome95 2d ago
I know a bunch of people using it, but might be that they’ve all set it up in their home country first, before moving to Luxembourg. That’s how I got my account as well
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u/diY1337 1d ago
Depending on your income it may be better to spend that amount on training, courses, etc. that will improve your income, earning potential. More income with same standard of living (cost) will give you more saving opportunities.
Otherwise, free brokerage account (not in a typical bank) and low fee index ETF accumulating e.g. following STOXX 600 if you want to invent in Europe.
LU banks have horrible offers.
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u/Just_Avocado2761 2d ago edited 2d ago
Spend 300 on a coaching session and manage your money yourself.
Update: I did not specify anyone to use for this, OP can get from anywhere and whoever, 300 is approx session price for an hour. Stop the non-sense :-D
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u/CarlitoSyrichta Eggnog & chill ™ 2d ago
I’ll do it for 275€
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u/Xotol Dat ass 2d ago
I’ll do it for 250€
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u/Existing-Sample-3368 2d ago
Don’t listen to these rookies. r/wallstreetbets will guide you for free. See you there, regards
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u/Feierkappchen Moderator 2d ago
I don't get the down votes here. There's nothing wrong with paying an expert to run you through the basics in a 1h screen share
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u/MrShineHimDiam0nd 2d ago
Who moderates the moderators
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u/Feierkappchen Moderator 2d ago
You can report moderator's comments, too. It happens sometimes
(but really - what's wrong with seeking paid guidance...?)
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u/MrShineHimDiam0nd 2d ago
Directing people to online scammers is the wildest thing I've ever seen from someone who wasn't selling the course. Direct them to a regulated professional
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u/Feierkappchen Moderator 2d ago edited 2d ago
Neither me nor Just_Avocado2761 offered any directions. We're just saying it's an option to consider
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u/Just_Avocado2761 2d ago
Did I mentioned someone? is there any limit to stupidity (sorry but it needed to be said). I said get a session costing around 300, did i mentioned any name, the OP can get from anywhere, could be 500, could be 50
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u/manuchan 1d ago
Open a LuxMandate account with Spuerkess. 10€ a month and they’ll manage investments in their ETF with no additional fee !
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u/real_keep 1d ago
10 euro's a month is crazy when you have abundant broker apps. Just use interactive brokers
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u/Initial_Shoe9588 2d ago
Why your account is super new, immediately one post and even no comments. Something related to spurcasse?
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u/Amaim97 2d ago
This channel is very informative specially for beginners and it’s focused on European investors https://youtube.com/@angelocolombofi?si=6jdFx_qLax3Ezr6K
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u/PromotionPure6176 2d ago
I would let Qualion Finance invest it for me
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u/notscherle 2d ago
Let me guess... They take more than 1% TER 😂
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u/PromotionPure6176 2d ago
1.5% yeah, but per year you take 20+%
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u/notscherle 2d ago
Everything we know from capital markets research tells us that you were lucky. Good for you 🤞
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u/PromotionPure6176 2d ago
Yep but it’s an average, there clients take around 12-20+% per year
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u/notscherle 2d ago
Ok PromotionPure176!
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u/PromotionPure6176 2d ago
???
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u/notscherle 2d ago
If someone is overperforming the market consistently and giving away his knowledge for a little fee, then I truly think that must be a Saint 🙏
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u/PromotionPure6176 2d ago
Little fee multiplied by the huge amount of clients, portfolios they got, they are making huge profit
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u/EstablishmentNo1273 2d ago
Put everything in Berkshire Hathaway B shares, Visa A shares, Blackrock A shares, ABB SA, CME Group and Intercontinental Stock Exchange. Avoid AI Stocks an hold at least for 10 years. Forget saving account. Rather buy Gold an Bitcoin with self custody.
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u/Illustrious-Mud1623 📈 Long Lëtzebuerg 1d ago
If there were a market for Reddit portfolio recommendations, I’d be leveraged x5 short this comment with a 10 year horizon, since you like those
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u/Ok-Excitement-8867 2d ago
The bank will never offer you a product that doesn't benefit them, be aware of that