Consorsbank savings plan shares

How can one create a Consorsbank savings plan? What are the advantages of a Consorsbank savings plan? Eulerpool has the answers, showcasing strategies and a list of all stocks in Consorsbank's free savings plan.

Consorsbank savings plan shares

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Automated Investing. For several years, many brokers have offered the option to set up a savings plan for stocks or ETFs. This involves regularly purchasing securities at a predetermined price. The advantage of savings plans is a low or even no order fee.

Even today, individual stock purchases can still be very expensive with some brokers, making it often only worthwhile to execute an order starting from $1,000. With the new neo brokers, this has changed somewhat. Many offer very low brokerage fees, and the execution of savings plans is even free.

To explain this, let's assume that we want to set up a Consorsbank savings plan on Apple stock. First, we determine when the Consorsbank savings plan should be executed. Here, we are somewhat limited because most brokers only offer the beginning of the month or the middle of the month. If you want to invest in larger intervals, you can also choose quarterly.

Then select the Consorsbank savings plan amount. Usually, this starts at $25, but it is often lowered for many. This amount is now invested in Apple shares, with the broker placing a fraction of a whole share in the portfolio. This means that at a price of $150, you will receive 0.166 shares worth $25.

Easy way for private investors. For many beginners, it is a big problem to know when to enter. Is the stock now too expensive or very worth buying? This question is preceded by a Consorsbank savings plan, because the same amount is invested monthly, regardless of where the stock is at that time. So, one invests in both good and bad times and obtains an average entry price in the long run.

For many retail investors, a Consorsbank savings plan serves as a psychological support, as it helps to alleviate the risk of entering at a very bad time. Many retail investors put pressure on themselves and experience stress when stock prices decline. A significant purchase followed by a negative balance in the portfolio can make investors very nervous.

The Consorsbank savings plan ensures that one does not become too nervous during bad times, but also benefits from regular investing in good entry opportunities, without having to determine whether the lowest point will be reached now or in a few weeks.

The positive aspects outweigh when investing for the long term. When considering the advantages and disadvantages, one must differentiate between whether one wants to invest a monthly portion of their income or a large one-time amount. If one wishes to invest a monthly portion of their income, they can either save over several months to make a large individual purchase during possible crashes, or they can invest it directly through a Consorsbank savings plan.

Statistically speaking, now is always the best time to invest if you assume that stock prices will rise in the long term. Many individual investors often wait for a crash to make a purchase, but they miss out on all the price gains and dividends beforehand. Firstly, you usually end up buying at a significantly higher price because it's nearly impossible to time the absolute lowest point, and secondly, mindset plays a crucial role in investing during market downturns.

The Consorsbank savings plan not only provides emotional support but also saves a significant amount of time, as one does not have to worry about the right timing for individual purchases.

Now let's talk about the disadvantages. These are led by the selection of savings plans. Not every stock is eligible for a savings plan with Consorsbank, which is mostly due to the company not being large enough. However, the selection is very extensive, and all major and medium-sized companies are eligible for a savings plan with Consorsbank without any problems. In addition, the offering is constantly expanding.

As mentioned above, a certain point in time is given. Therefore, it is not possible to invest at any given point in time when using a Consorsbank savings plan. Additionally, the entire strategy is only worthwhile if invested in the long term.

Consorsbank ETF Savings Plan: Invest in an ETF on broadly diversified indices and thus benefit from the overall market performance. It offers broad diversification in many countries and sectors. This is a long-term investor type that wants to regularly invest in the capital market.

Long-term Consorsbank savings plan: Regularly and long-term invest in a specific selection of stocks. Here, no changes are made over longer periods of time and one benefits from an average entry price.

Alternating Consorsbank savings plan: You can rotate the selection on a monthly or quarterly basis if you want to invest in more companies but your savings amount is not sufficient. For example, you could invest in one list of stocks every even month and in the other list every odd month.

Use Consorsbank savings plan as a single purchase: This point is interesting for many retail investors who would like to buy individual stocks but do not have enough capital to, for example, buy a whole Amazon share (2,800$). In this case, you could set up the Consorsbank savings plan at 1,000$ and terminate it after execution. This way, you will have Amazon as a separate position in your portfolio, but it will not be overweighted if all other positions are also approximately 1,000$ in size.

Automated investing. For several years now, many brokers have offered the option to set up savings plans for stocks or ETFs. This involves regularly purchasing securities at a predetermined price. The advantage of savings plans is a low or even no order fee.

Savings Plan Provider Comparison

Provider
Fees
Min. Amount
Stocks / ETFs
Comdirect
Execution on:
1. / 7. / 15. / 23.
1,5 % /
25 EUR
400 / 900
TradeRepublic
Execution on:
2. / 16.
Stocks / ETFs /
10 EUR
2.500 / 1.500
ScalableCapital
Execution on:
1. / 4. / 7. / 10. / 13. / 16. / 19. / 22. / 25.
Stocks / ETFs /
1 EUR
6.000 / 1.902
Consorsbank
Execution on:
1. / 15.
1,5 % /
10 EUR
580 / 794
ING
Execution on:
1. / 15.
1,75 % /
1 EUR
560 / 817

Start. Once you have opened a depot, you can start setting up savings plans directly. To do this, navigate to the menu item "Savings & Investment" and then select "Savings Plans".

Search securities. First, enter either the WKN or the ISIN to select the security.

Set parameters. Once you have selected the stock or ETF, you can set the amount below, which must be at least $25. In the next step, you then choose the interval and execution day. Here you can choose between monthly, bi-monthly, quarterly, or semi-annually. Savings plan executions are possible on the 1st and 15th of every month.

Complete Consorsbank savings plan. Finally, you will receive an overview and can review your entries. Then you just have to confirm the order with the SecurePlus app and you're done - the Consorsbank savings plan is created.