“Germans are bad at investing”

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Your 2-minute guide to demystifying money and making you richer

Credit: Photocapy via Flickr.

The markets, year-to-date

• S&P 500: 5,505.00 ⬆️ 16.07%

• FTSE 100: 8,155.72 ⬆️ 5.62%

• Bitcoin: $67,474.40 ⬆️ 52.64%

• GBP to USD: $1.2917 ⬆️ 1.49%

• GBP to EUR: €1.1858 ⬆️ 2.84%

The German investment problem

We started Moneyin2 to solve a problem: British people are infamously uneducated when it comes to money, personal finance, saving and investing. It’s almost a point of pride among British people to not know what their work pensions are actually invested in.

• The problem is important because it is very difficult to achieve financial security and independence, let alone become wealthy, if you don’t know how money works.

A huge part of the “British problem” is that lots of people don’t want to take risks with their money. They save it in bank accounts instead of putting it to work by buying assets. They confuse “risk” with “volatility”. And thus they miss out on the gains from investing — rendering themselves p…