Björn Beier started investing in the stock market when he was 18. Björn Beier/Getty Images/Diego Thomazini, collage: Dominik Schmitt
Björn Baier started investing his money in the stock market at the age of 18.
Björn Beier bought his first share by chance: he was training as an electronics engineer at Airbus, where he was offered employee shares at a discount. “There were also company meetings, similar to a general meeting, where company results were presented. That piqued my interest,” Beier told Business Insider. He asked himself: are these stocks worth investing in?
Once caught on fire, he began investing his savings in the stock market. He was 18 years old then.
His training paid off for him because he was able to live at home and save almost all of his salary – around 900 to 1000 euros net. Aside from gas for his car at the time and occasional partying, Baier was able to save about 90 percent of his salary. As he himself says, this adds up to 10,000 to 11,000 euros annually. Even while he was studying, he worked part-time and was able to continue saving.
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Warrants were too risky for him
At first he wanted to become wealthy quickly. “At vocational school I felt underchallenged and started trading warrants on the side, where I also lost money,” says Beier, looking back on this time. Warrants are financial products that work like vouchers for buying or selling stocks at a fixed price. If you think the share price will rise, you buy a warrant so that you can buy the share cheaper later. But if you’re wrong, you could lose the entire price you paid for the warrant. Beier was lucky: he ultimately got out at plus minus zero and distanced himself from this type of trading – because it was too risky.
This is what his depot looks like
How is his personal portfolio structured today?