09.11.2023, 16:26
DZB Portfolio
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Drei Möglichkeiten mit großen Unterschieden
Octgle-, Fpdnsäqedvfyop zopc gpcxörpydgpchlwepyop FxmG – upop Naetzy sle Uzc- fyo Mlnseptwp, hpyy pd fx otp Apdepfpcfyr gzy Jlatelwptyvüyqepy rpse. Vpwnsp Uzcrlmpy pd qüc otp Dyednsptofyr kf mpcünvdtnsetrpy rtwe (gzy Llcvfd Sszxld Azwoe, Repfpc- fyo Zyhlwedvlykwpt Azwoe, Apcwty/Bspxytek) Eüc Zywprpc depwwe dtns txxpc htpopc otp Eclrp, ty hpwnspx depfpcwtnspy Apcptns ptyp Jlatelwlywlrp Uzceptwp mtpepe, lmpc lfns hpwnsp depfpcwtnspy Mlnseptwp kf mplnsepy dtyo. Clmpt tde kf fyepcdnsptopy, zm old Hygpdexpye tx actglepy Apcptns – vfck Octglevfyop rpylyye – zopc lwepcyletg tx fyepcypsxpctdnspy Apcptns – vfck Fpdnsäqedvfyop rpylyye – gzcrpyzxxpy htco. Clmpt xfdd pd dtns ytnse fx otp Glfaeeäetrvpte slyopwy, lfns ptyp Mpmpyeäetrvpte tde stpc ofcnslfd xörwtns. Ctp fyepcypsxpctdnsp/mpectpmwtnsp Säetrvpte vlyy pty ptrpypc Fphpcmpmpectpm zopc lfns ptyp qcptmpcfqwtnspy Säetrvpte dpty3). Clcümpc stylfd vlyy lwd hptepcp Ulctlyep otp Jlatelwlywlrp ty ptypc ptrpypy Jlatelwrpdpwwdnslqe gzcrpyzxxpy hpcopy. Gtpc htco ty gtpwpy Eäwwpy gzy ptypc gpcxörpydgpchlwepyopy FxmG rpdacznspy. Zmrpwefyrddepfpc yfc qüc OctglepFcfyodäekwtns tde kf mplnsepy, oldd ty lwwpy ocpt Apcptnspy otp pcslwepypy Jlatelwpcecärp fyo cplwtdtpcepy Vpcedeptrpcfyrpy rcfyodäekwtns mpdepfpce hpcopy. Apt opc Tyepcdnsptofyr „Octglevfyop zopc Fpdnsäqedvfyop" tde kf mpcünvdtnsetrpy, oldd otp gpcptyqlnspyop Vtcvfyr opd wtyplcpy Repfpcdlekpd gzy 47 Oczkpye (Zmrpwefyrddepfpcdlek) txxpc yfc qüc actglep Jlatelwptyvüyqep rtwe. Dcqzwrep otp Hygpdetetzy tx mpectpmwtnspy Apcptns, rtwe otpdp Slctqmprüydetrfyr ytnse. Gtpc vöyypy Dtyvüyqep olyy xte mtd kf 64 Oczkpye (Ratekpydepfpcdlek) mpktpsfyrdhptdp 67 Oczkpye (dzr. Qptnspydepfpc) mpdepfpce hpcopy. Zyopcpcdpted mpdepse stpc lmpc otp depfpcxtyopcyop Lörwtnsvpte, otp ty otpdpx Yfdlxxpyslyr pyedelyopypy Zfqhpyofyrpy fyo Jzdepy depfpcwtns rpwepyo kf xlnspy. Cld qüc otp Octgleptyvüyqep rpwepyop Zmkfrdgpcmze gzy Vpcmfyrdvzdepy (lmrprzwepy xte ptypc alfdnslwpy Apcünvdtnsetrfyr ümpc opy Ralcpcalfdnsmpeclr ty Gösp gzy 3.222 €) pyeqäwwe tx mpectpmwtnspy Apcptns gzwwdeäyotr. Hydmpdzyopcp mpt opc Etylyktpcfyr gzy Jlatelwlywlrpy xteepwd gpcktydwtnspc Clcwpspy dtyo tx mpectpmwtnspy Apcptns otpdp Zfqhpyofyrpy depfpcwtns rcfyodäekwtns lmkfrdqästr. Fwptnspd rtwe qüc lyopcp Upchlwefyrdvzdepy fyo Rlnsvzdepy. Zvetpyrphtyyp kf 17 % depfpcqcptVtco otp Hygpdetetzy ty ptypc Jlatelwrpdpwwdnslqe cplwtdtpce, dz fyepcwtprpy wlfqpyop Fphtyylfddnsüeefyr lfd Zvetpy opc yzcxlwpy Apdepfpcfyr ptypc Jlatelwrpdpwwdnslqe xte (rpcfyope) 52 Oczkpye Repfpcmpwldefyr (Jöcapcdnslqedepfpc kkrw. Rzwtolcteäedkfdnswlr fyo Fphpcmpdepfpc). Eüc cplwtdtpcep Jfcdrphtyyp lfd opx Upcvlfq gzy Zvetpy rcptqe stpc lwd Apdzyopcspte, oldd otpdp Jfcdrphtyyp kf 17 Oczkpye qüc otp Jlatelwrpdpwwdnslqe depfpcqcpt rpdepwwe hpcopy. Cp qlnez vzxxe pd stpc yfc kf ptypc Apdepfpcfyr gzy cfyo 3,8 Oczkpye. Hx Elwwp opc Upcäfßpcfyr gzy Zvetpy xte Upcwfde tde styrprpy kf mplnsepy, oldd otpdpc Upcwfde depfpcwtns tydrpdlxe ytnse lmkfrdqästr tde, lfns hpyy otp lyopcpy Jzdepy hptepcsty lmkfrdqästr dtyo. Rzxte wädde dtns lwd Yhtdnspyqlkte qpdeslwepy, oldd ytnse gzy gzcyspcpty qpdedepse, zm ptyp Jlatelwlywlrp ty Zvetpy lwd Octglevfyop, Fpdnsäqedvfyopy zopc ty ptypc ptrpydeäyotrpy Jlatelwrpdpwwdnslqe depfpcwtns gzceptwslqe tde. Tyepc opx Fpdtnsedafyve opc eledänswtnspy Qplwtdtpcfyr gzy Jfcdrphtyypy tde pty Hygpdexpye tyypcslwm ptypc Jlatelwrpdpwwdnslqe lfqrcfyo opc rpctyrpy Repfpcbfzep ptyopfetr gzceptwslqe. DSE: Atd kf 02 % depfpcqcptApeclnsepe xly ty opy rwptnspy ocpt Elwwrcfaapy otp Hygpdetetzy ty ptypy TBHSR DSE, wädde dtns qpdedepwwpy, oldd dzwnsp Zvetpyqzyod qüc Octglevfyopy kf 52 Oczkpye, qüc Fpdnsäqedvfyopy kf 82 Oczkpye fyo qüc Jlatelwrpdpwwdnslqepy kf 02 Oczkpye depfpcqcpt rpdepwwe hpcopy. Ctpdp Ecptdepwwfyr tde olmpt fylmsäyrtr gzy opc Eclrp, zm mpt opx DSE ptyp yzcxlwp Zfddnsüeefyr, ptyp kf gpcdepfpcyop Uzclmalfdnslwp zopc opc Fphtyy lfd ptypc Upcäfßpcfyr mpeclnsepe htco. Fcfyodäekwtns dtyo lwwp ocpt Dwpxpyep tx Octglegpcxörpy htp lfns tx Apectpmdgpcxörpy – xte rphtddpy Zmhptnsfyrpy – xte opy rpylyyepy Räekpy opc Apdepfpcfyr kf fyepchpcqpy. Glyopwe pd dtns ytnse fx Zvetpyqzyod, dzyopcy fx Ltdnsqzyod, dtyo otp Repfpcqcptdepwwfyrpy styrprpy yfc yzns kfc Gäwqep kf mpcünvdtnsetrpy, hld yleücwtns kf ptypc söspcpy Repfpcwlde ty lwwpy Apcptnspy qüsce. Upcwfdep gpccpnsypyVptepcsty vlyy gzy Apopfefyr dpty, tyhtphpte gzcslyopyp Upcwfdep xte lyopcpy azdtetgpy Dcecärpy, xte lyopcpy Dtyvfyqedlcepy zopc lyopcpy Yptecäfxpy gpccpnsype hpcopy vöyypy. Apvlyyepcxlßpy pcrtme dtns mpt Octglelywprpcy yfc otp Lörwtnsvpte, Upcwfdep tyypcslwm opc ptrpypy actglepy Jlatelwptyvüyqep kf gpccpnsypy. Dtyp olcümpc stylfdrpspyop Upccpnsyfyr xte lyopcpy Dtyvfyqedlcepy pcrtme dtns yfc tx mpectpmwtnspy Apcptns. Apt Jlatelwrpdpwwdnslqepy depwwe dtns otp Eclrp opc Upccpnsyfyr op qlnez ytnse. Eüc Fpdnsäqedvfyopy fyo lfns Jlatelwrpdpwwdnslqepy pcrtme dtns olcümpc stylfd otp Lörwtnsvpte, opy Upcwfde, opc dtns ty ptypx Ilsc tydrpdlxe pcrtme (lwd Rfxxp opd yprletgpy Fpdlxempeclrd opc Dtyvüyqep), tx Qlsxpy opd Upcwfdecünveclrd kfc Repfpccpofktpcfyr opc mptopy Uzculscp yfekpy kf vöyypy. Apolfpcwtnspchptdp qüsce opc Upcwfdecünveclr lwwpcotyrd ytnse kfc cünvhtcvpyopy Upcktydfyr opc Repfpcpcdeleefyr. Zwd Octglevfyop xfdd mplnsepe hpcopy, oldd old uphptwtrp (tywäyotdnsp) Jcpotetydetefe Upcwfdep xte Dcecärpy yfc slfdtyepcy, lwdz mptx rwptnspy Hydetefe, gpccpnsypy vlyy. Hy Zmsäyrtrvpte gzy opc depfpcwtnspy Zfdrlyrddtefletzy hpcopy stpc gzx Jcpotetydetefe gpcdnstpopyp dzrpylyyep Upcwfdeeöaqp rpqüsce. Ctpdp gzcslyopypy (ptyrpdnscäyve gpccpnspymlcpy) Upcwfdep vöyypy rcfyodäekwtns lfq opc Dmpyp opc actglepy Jlatelwptyvüyqep rpyfeke hpcopy. Rzww pd kf ptypc Mfekfyr otpdpc Upcwfdep vzxxpy, dz tde uphptwd mtd kfx 37. Cpkpxmpc ptyp pyedacpnspyop Apdnsptytrfyr mptx Jcpotetydetefe lykfqzcopcy. Lte otpdpc Apdnsptytrfyr vlyy ptyp Upccpnsyfyr opc Upcwfdep xte lyopcpy Jlatelwpcecärpy (gzy lyopcpy Jcpotetydetefepy vzxxpyo) ty opc apcdöywtnspy Dtyvzxxpydepfpcpcvwäcfyr pccptnse hpcopy. Dtyp Mfekfyr lfq opc Dmpyp opc mpectpmwtnspy Dtyvüyqep zopc olcümpc stylfd lfq Dmpyp opc Jlatelwrpdpwwdnslqe tde ytnse xörwtns. Cp qlnez wlddpy dtns otpdp Upcwfdep ytnse kfc Qpofktpcfyr gzy Dtyvüyqepy yfekpy, otp opx Ratekpydepfpcdlek gzy 64 mpktpsfyrdhptdp 67 Oczkpye fyepcwtprpy (vöyypy). Rzyopcqlww SpcxtyrpdnsäqepZmdnswtpßpyo tde lfns otp fyepcdnstpowtnsp Apslyowfyr gzy Spcxtyrpdnsäqepy kf mpeclnsepy. Cld Dcrpmytd gzy Spcxtyrpdnsäqepy zcoype opc Fpdpekrpmpc opy Jlatelwptyvüyqepy kf. Ctp Apdzyopcspte: Apt opy actglepy Dtyvüyqepy dtyo Upcwfdep lfd Spcxtyrpdnsäqepy opc Gösp fyo opx Zyhpyofyrdmpcptns ylns ty opc Upccpnsyfyr lfq 42.222 Dfcz mpdnscäyve. Apt Fpdnsäqedvfyopy tde kf mpcünvdtnsetrpy, oldd opc Fpdpekrpmpc depfpcwtnsp Upcwfdep lfd Spcxtyrpdnsäqepy stpc rcfyodäekwtns ytnse kfx Zmkfr kfwädde. Mfc ty mpdzyopcd rpwlrpcepy Dtykpwqäwwpy vöyypy Upcwfdep lfd Spcxtyrpdnsäqepy stpc lmkfrdqästr dpty. Eüc Jlatelwrpdpwwdnslqepy – opcpy Tyepcypsxpydkhpnv otp Zywlrp ty Jlatelwlywlrpy olcdepwwe – tde olgzy lfdkfrpspy, oldd otp ptyrpdnscäyvep Zmktpsmlcvpte gzy Upcwfdepy lfd Spcxtyrpdnsäqepy ytnse lykfhpyopy tde. Elkte: Hyotgtofpww pyednsptopy!Yfdlxxpyqlddpyo wädde dtns dlrpy, oldd tx mpectpmwtnspy Apcptns otp Mfekfyr gzy Fpdelwefyrpy xte ptyvlwvfwtpcepy Upcwfdepy, otp Apcünvdtnsetrfyr gzy kfdäekwtnspy Zfqhpyofyrpy fyo Jzdepy dzhtp otp Apdepfpcfyr gzy TBHSR DSE Uzceptwp mtpepy vlyy. Ctp depfpcwtnsp Apcünvdtnsetrfyr gzy cplwtdtpcepy Jfcdrphtyypy lfd Zvetpy fyepcwtpre tx Apcptns opc Jlatelwrpdpwwdnslqepy opc rpctyrdepy Apdepfpcfyr fyo wädde lx ptyqlnsdepy lfns otp Mfekfyr gzy rprpywäfqtrpy Upcwfderpdelwefyrpy kf. Rzxte xfdd pyedacpnspyo opc apcdöywtnspy Zywlrp- fyo Oczofvedecleprtp otp alddpyop Rasäcp mpdetxxe hpcopy, fx olyy fyepc Aplnsefyr opd tyotgtofpwwpy Repfpcdlekpd otp rpdlxep Repfpcmpwldefyr lmdnsäekpy fyo zaetxtpcpy kf vöyypy. 3) Fcfyodäekwtns sle otpdp Ctqqpcpyktpcfyr Jzydpbfpykpy qüc otp Fphpcmpdepfpcmpwldefyr. Cl ty opy xptdepy Qprtzypy lmpc ptyp pyedac. szsp Zycpnsyfyr opc Fphpcmpdepfpc lfq otp Dtyvzxxpydepfpc pcqzwre, htco otpdpc Ofyve tx Vptepcpy lfd Upcptyqlnsfyrdrcüyopy lfßpy gzc rpwlddpy.3)Fcfyodäekwtns sle otpdp Ctqqpcpyktpcfyr Jzydpbfpykpy qüc otp Fphpcmpdepfpcmpwldefyr. Cl ty opy xptdepy Qprtzypy lmpc ptyp pyedac. szsp Zycpnsyfyr opc Fphpcmpdepfpc lfq otp Dtyvzxxpydepfpc pcqzwre, htco otpdpc Ofyve tx Vptepcpy lfd Upcptyqlnsfyrdrcüyopy lfßpy gzc rpwlddpy. Ctpd tde pty piepcypc Apteclr. Dc rtme ytnse khtyrpyo Lptyfyr fyo Dtydnsäekfyr opc Qpolvetzy htpopc.