A person boasting a six-figure savings account advocates for economic thrift.
Luu Hoang, a promoted engineer, came to Germany as a refugee from Vietnam as a child. Today, he is a successful investor with a six-figure portfolio, thanks to his disciplined savings and strategic investment approach.
Hoang was raised to be content with little, a lesson that has served him well in his financial journey. He spends an average of 1100 euros per month on food, rent, and leisure activities, and saves up to 60 percent of his monthly income.
Hoang's savings are mainly invested in ETFs and specifically in individual dividend aristocrat stocks. These stocks belong to established, financially solid companies with a long history of profitable growth. Allianz and SAP are examples of dividend aristocrat stocks that appeal to Hoang.
Hoang values a high cash flow from his selected stocks, including through dividend payments. Dividend aristocrat stocks are known for their long-term and reliable dividend payments. Hoang has a savings plan in the high three-digit range for investments in ETFs.
Luu Hoang's portfolio has grown to six figures, allowing him to "sleep peacefully". The knowledge of financial security simplifies life and reduces stress for Hoang. He only works because he wants to and finds it important for society.
Hoang wants to give something back to the state and society with his work force instead of living off his savings. He selects individual stocks with a special strategy focusing on high cash flow and dividend payments.
Savings also flow actively into individual stocks and cryptocurrency for Hoang. His focus on dividend aristocrat stocks and ETFs, coupled with his disciplined savings, has led to his financial success.
In conclusion, Luu Hoang's story is a testament to the power of discipline, strategic investing, and hard work. Despite humble beginnings, he has built a financial cushion that allows him to live comfortably and contribute to society.
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