Today I want to talk about Passive income in Germany and how to create a business in Germany with Jibran. We also discuss about how to diversify income in Germany.
Income Diversity in Germany
As the recent pandemic situation has tought us having just one income source is not enough.
Investing in the Stock Market
The stock market is arguably the biggest wealth creating tool ever created. To start investing in the stock market in Germany you need to create an account with a broker and that is called a Securities account or Depot in German. There are many brokers available but it is recommended that you register with a German broker as they handle your taxes for you instead of you handling them yourself. Among the German brokers Trade Republic and Scalable Capital are the most recommended ones out there. Besides these two there is Comdirect, Etoro, Trading 212 and Many more Once you select a broker, create your account you need to verify you account, some brokers accept certain nationalities and that is why you need to check if your nationality is accepted or not before opening an account with them. When it comes to investing in the stock market two of the biggest options are Stocks and ETFs. Stocks are an equity investment that represents part ownership in a corporation and entitles you to part of that corporation’s earnings and assets. An exchange traded fund (ETF) is a type of security that involves a collection of securities—such as stocks—that often tracks an underlying index, although they can invest in any number of industry sectors or use various strategies. ETFs are always recommended for beginners as they distribute the risk on many companies as compared to single stocks whose risk is dependent on a single company.
Start E-commerce business
Starting an E-commerce business is not as difficult as many think, one only needs to find a product that is popular and one can get those products directly dropshipped.
If you are interested on how to start your investment journey in Germany you can ???? Download my Free Ebook .
*None of this is meant to be considered as investment, legal or tax advice . As I am not a financial expert nor a tax consultant please do your own reasearch and come to your own conclusions I am only sharing my experience with stock investing. The video and articles are accurate as of the posting date but may not be accurate in the future.