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When education is over and income is rising, most people between the ages of 30 and 50 have the opportunity to regularly put aside a larger amount from the current account. However, how you invest this money also depends on your personal goals.

First, one should ensure that one has sufficient insurance protection and loans and other debts paid off, recommends Niels Nauhauser of the consumer center Baden-Württemberg in Stuttgart. “You should first pay back expensive loans before investing the money.” Nauhauser believes that how one specifically invests his money in order to accumulate wealth depends on the individual situation.

Do not put everything on one card

It is important in any case to minimize the risk, that is, not to put everything on a map. Nauhauser colleague Ralf Scherfling of the consumer center North Rhine-Westphalia in Dusseldorf also sees this as follows: “We advise consumers to diversify their assets into different product classes.”

Those who only rely on one product depend exclusively on its development, says the Düsseldorf consumer advocate: “If the investment is a risky product such as a closed-end fund, the assets built up can be completely lost.” On the other hand, anyone who pays everything into a risk-free investment such as a savings account , usually receives only a minimal return. “

Nauhauser recommends a mix of different types of investments such as banking products, securities and other property, plant and equipment such as real estate or commodities. How high the share of each asset class is depends on personal risk appetite. However, investors should always be careful to invest in the cheapest possible products: “For bank savings plans, for example, one should compare interest rates.” For investment funds, management fees should be low. “

Riester pension

Anyone who has not signed a contract for a Riester pension between the ages of 30 and 50 does not have much time to save a large sum. Here, unlike very young savers, a Riester pension insurance can be worthwhile, as Karin Baur, editor of the magazine “Finanztest” explains. In addition to the capital guarantee, which all Riester products offer, it also guarantees a guaranteed minimum return of 1.75 percent on the savings component, says Baur: “Even at the end, it is clear which pension savers will at least receive.”

Guaranteed interest on life insurance is low

This kind of security for people who do not need to be flexible also offers pension and endowment life insurance. This binds investors long-term, but can expect a guaranteed pension or capital payment. “Lucrative is not necessarily because the guaranteed interest is low,” says Baur.

Currently it is still at 1.25 percent. From 1 January 2017, the guaranteed interest rate is even only 0.9 percent – it drops significantly. Even with the additional bonus granted, the trend is currently going down, says Baur: “You should never tie up too much money in endowment policies.” Ralf Scherfling from the consumer advice center of North Rhine-Westphalia even advises fundamentally against capital-forming life insurance policies.

How much should I save?

How much you should put on the high ridge of his total disposable income, can not say flat-rate in the opinion of Scherfling: “Who, for example, a self-occupied property, for which is not saving in the foreground, but the repayment of the loan. ” Anyone starting retirement later has to save more to achieve the desired goal than someone who starts early.

However, there are rules of thumb for the amount of savings that were calculated on behalf of the Deutsche Bank-funded German Institute for Retirement Provision (DIA) in Berlin. Housing owners should save an average of eight and tenants nine percent of their gross income in order to fill future income gaps.

However, according to the DIA study, it also depends on the actual income level how much of it should be covered. For example, with a gross income of € 2,000, a savings rate of at least 5.5% for homeowners and 7% for tenants is recommended. On the other hand, earners with an income of more than € 4,000 should save at least nine percent as a homeowner and eleven percent a month as a tenant.