Mr. Brežný is a dentist. Along with his father, he takes care of many people’s teeth in Slovakia. "I think I'm a smart person, but even though I was studying at the university, the school taught me only dental skills and I do not know much about finances. I am an ordinary person who goes to a bank where I am being offered a product or I am sometimes called by some salesperson with an offer for an amazing investment.“

“I was not very interested in finance and I did not know how big the differences are in the universe of financial products and what difference it makes in the overall performance. The information that I received from my financial agent were rather simple and we were not much in contact after the conclusion of the contract. I only received regular statements via email that I essentially did not open at all."

Mr. Brežný invested in the past into two investment products. He has invested in Pioneer's Rytmus P3 Regular Saving Program (nowadays Amundi Asset Management). "I've invested to earn more money than I would with a regular bank account. I saved only a small amount each month, so that it would not affect my budget too much."

The contract was registered in July 2008 and Mr. Brežný was sending regularly 83 euros for 14 months. Together for the whole period, he deposited 1162 euros. After 10 years, in August 2018, the investment ended and he withdrew a total of 2223 euro "After reading your blog, where you compared the performance of Rytmus with Finax portfolios, I found out that the offer of financial products changed over the years and today there are much better products on the market. I like that Finax puts clients on the top of their priority list. They have low fees, so I earn more and I do not have to pay any taxes. At Finax, I was recommended similarly dynamic product (90:10), but I could have earned much more than with Amundi."

Investing with Amundi earned Mr. Brežný a profit of 7 % per annum. Investing in index funds with the same risk would have earned 3573 euros during the same time period making it 12.5% per annum, which is significantly higher than in Amundi.

"When I saw how investment can be effective and easy, I decided to also terminate my other financial product in Amslico. I like that Finax offers great flexibility and I can make any deposits or withdrawals anytime."

For the last two years Mr. Brežný invested 7500 euros through three Amslico funds. When the investment ended, he withdrew 7793 euros. If the same money had been invested in index ETF funds in Finax, the investment would have a value of 8294 euros. While in Amslico the investment earned only 3.9% per annum, investing in index funds with the same risk profile would result into a profit of 9.9 % per annum.

Mr. Brežný moved his two investments from the original managers to Finax Intelligent Investing. "Finax has even rewarded me for the transfer of my investment under its management and will manage 1000 euros for five years free of charge. Cheap product becomes even cheaper."

"I'm glad that Finax blogs improved my financial awareness. My investments were better off then in a bank account, but finally I found that investing through Amundi and Amslico was not as good as it could have been. I recommend Finax to everyone who wants to save effectively. Recommending Finax to my friends actually further reduces the fees."

We thank Mr. Brežný for becoming our client. What is your story? Write us about your financial products and we will evaluate them for you.