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• Requirements: One year of separation and at least one lawyer (costs can be shared).
• Calculating the procedural value (fictional amount for court):
  • Net income of the last 3 months (example: €5,000 → €15,000).
  • Assets minus liabilities and allowance (€60,000 per person), 5% thereof (example: €80,000 → €4,000).
  • Pension adjustment: 10% of 3-month net per entitlement (example: €3,000).
  • Total procedural value: €22,000.
• Costs at this procedural value:
  • Court fees: €810 (according to table).
  • Lawyer fees: €2,180 + €20 expenses + 19% VAT = €2,618.
  • Total: €3,428 (if shared: €1,714 per person).
• Cost drivers: Disputes → both need own lawyers, additional procedural values increase court and lawyer fees.
• Savings tips:
  • Prenuptial agreement sets clear rules.
  • Mutual agreement and out-of-court settlement save a lot of money.

Conclusion: With cooperation and smart precautions, divorce can be significantly cheaper.

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• This video examines the worst-case scenarios for your MSCI World ETF, showing that in most historical cases, investors' money was not permanently lost.

• Segregated assets (Sondervermögen): The fund's assets are kept separate from the issuer's. In case of bankruptcy, your money remains protected.
• Example Lehman Brothers: The fund management company was sold; investors lost nothing. Losses occurred only with certificates (debt securities).
• Important: In Europe, ETFs are legally segregated assets, but ETNs are not.

• Ownership: Your securities belong to you; the broker only manages them. In a bankruptcy, you can transfer them to another broker.
• Examples:
  • Bowfor Securities (UK): Chaotic insolvency, but almost all positions were recovered.
  • Phoenix Kapitaldienst (DE): Fraud (Ponzi scheme). Investors received 90% of their claim (max. €20,000) from the compensation fund plus 36% from the bankruptcy estate – but only after 10 years.
• Misconception: The €100,000 deposit protection applies only to current accounts. For securities, reduced protection (90% up to €20,000) applies only in cases of fraud.

• No capital loss, but a taxable event: Gains are taxed prematurely, reducing overall returns.
• Example: Amundi closed several ETFs after acquiring Lyxor.
• You cannot prevent this, but such events are rare.

• Historical Worst Cases:
  • Lisa (fictional): Invested €50,000 in 2000 → after the dot-com crash and financial crisis, she faced -58 % over 10 years. Mistake: investing money needed for a short-term goal (real estate).
  • Germany 1913–1948: Drawdown of -70 % (wars, hyperinflation, currency reform). Additionally, many investors lost their assets because paper stock certificates were destroyed or ownership was unprovable.
  • Japan 1989–present: Three lost decades with a maximum loss of -60 %. Recovery took over 30 years.
• Lesson: Only invest money you can afford to leave untouched for 10–15 years. Global diversification helps (e.g., US stocks performed better during Germany's crisis).

• In prolonged crises (Japan, dot-com crash), a savings plan can yield positive returns by buying at low prices.
• Calculations:
  • Lump sum of €50,000 in Japan after 30 years: 0 % return.
  • Same amount via a savings plan over time: 4 % annual return.
  • Lisa would have achieved a 6 % annual return with a savings plan instead of a loss.
• Caution: Long-term, a lump sum investment is usually better because markets tend to rise. The examples above are exceptions.

• Worst-case scenarios are possible but rare.
• Protective measures: Ensure segregated assets, keep deposit documents safe, invest for the long term, use a savings plan.
• Additional resource: Video analyzing lump sum vs. savings plan.

The Mazzer Mini G is an espresso grinder with an integrated scale that eliminates the need for separate weighing. Its rugged, durable build (likely lasting 30+ years) and high-quality materials are outstanding. However, it has some drawbacks.

Strengths

• Durability & Robustness: Nearly unmatched in its price range.
• Grind Quality: Particle distribution around 220 µm – great for medium to dark roasts. The coffee falls fluffy and evenly into the portafilter.
• Speed: About 10 seconds for 18 g – decent but not the fastest.

Weaknesses

• Dead space of 11 g: Too much for home use, wasting beans. Better for offices or small cafés where dosing is frequent.
• Cumbersome grind adjustment: Stiff and imprecise – each click changes extraction by 4–5 seconds. Not suitable for single dosing.
• Confusing menu navigation: The software is not intuitive, the app connection is buggy. Many unnecessary features (clock, counter).
• Scale accuracy: Deviations of 0.2–0.3 g possible; the grinder then re-grinds, slightly affecting extraction consistency.

Use Cases

• Offices, small gastronomy, food festivals: Ideal for multiple shots per day.
• Decaf grinder: Good for low-volume decaf use.
• Not for home: The large dead space and stiff adjustment make it frustrating for daily single dosing.

Verdict

The Mazzer Mini G is a workhorse with excellent build quality, but its electronics (scale, software, grind adjustment) lag behind. At around €1000, alternatives like the Eureka Mignon Libra or Mahlkönig X54 offer better user-friendliness. Recommendation: Perfect for semi-professionals who value durability – but not for the ambitious home barista.

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