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We asked well-known financial expert Gerd Kommer what are the biggest mistakes young people make with their money.
Gerd Kommer is a German investment banker, entrepreneur and author. He is known for his critical attitude towards active investment strategies. He sits up ETFs (Exchange Traded Funds).
Kommer has published several books on financial topics, including “Souverän Investing with Index Funds and ETFs” – a bestseller in Germany. The financial expert advocates a long-term, cost-effective and risk-spreading approach investment strategywhich is based on the passive index funds.