Where do germans put their savings ?

[C6H12O6]

No, really.
today's auction: 5-year Bobl notes sold @1%
and inflation is 3%

Do germans have savings ? Where do they put their money ?

 

[Martinghoul]

Quote from C6H12O6:
No, really.
today's auction: 5-year Bobl notes sold @1%
and inflation is 3%

Do germans have savings ? Where do they put their money ?

BOTS, CTZ, CCTeu and BTPS... I hear they're all going cheap these days.

 

[TGregg]

Panzers.

 

[Bombardier]

Festgeld (fixed deposits), Tagesgeld (call money), Sparbuch (savings accounts), Lebensversicherung (life insurance). They don't trade or invest much. Only roughly 15% are invested in the market through a fund manager, even less (about 5%) are directly invested in stocks. Real estate is still regarded as the crown jewel of wealth preservation and inflation protection.

 

[Butterball]

Germans love to buy toxic crap from all over the world. US CDOs, Italian BTPs and Icelandic CDs. Package any garbage and make it yield a few bps over Euribor and the Germans will be interested.

 

[newwurldmn]

Structured product notes that include complex derivatives and pay nice incomes by selling some kind of vol or correlation.

 

[Martinghoul]

Quote from Butterball:
Germans love to buy toxic crap from all over the world. US CDOs, Italian BTPs and Icelandic CDs. Package any garbage and make it yield a few bps over Euribor and the Germans will be interested.

That's unfair. You're describing German bankers, not Germans.

 

[DT-waw]

Automated trading systems.
1% a month on $1mio euro equals pretty nice living.

also germans buy real estate abroad