Inversión pasiva
Invertir con método
Herramientas para inversores pasivos: PAC, ETFs y comparativa de brokers.
Antes de invertir
Primero las bases, después las herramientas.
- Fondo de emergencia3-6 meses de gastos esenciales en liquidez inmediata, separados de las inversiones.
- Horizonte temporalCorto (< 3 años): liquidez. Medio (3-7): equilibrado. Largo (7+): renta variable.
- Costes y fiscalidad¿Entiendes el TER de tu ETF? ¿Sabes si el broker opera en régimen administrado o declarativo?
- Asignación simpleUna cartera que no puedes explicar en 10 segundos probablemente es demasiado complicada.
Screener ETF con IA
Filtros por clase de activo, región, TER y política de acumulación/distribución.
Carteras lazy
All World, Permanent Portfolio, Golden Butterfly y Boglehead 3-fund.
Simulador PAC
Importe mensual, duración, perfil de riesgo y asignación indicativa.
Brokers italianos
Comparativa práctica de costes ETF, impuestos y PAC automáticos.
Simulador PAC rápido
Orientato all'azionario. Adatto a orizzonti lunghi (8+ anni) con buona tolleranza ai ribassi.
Totale versato
24.000 €
Scenario indicativo
33.681 €
Rendimento stimato
9681 €
Ipotesi: 80% azionario / 20% obbligazionario, rendimento annuo 6.5% lordo costante. Stima puramente educativa: i rendimenti reali variano e non sono garantiti. Non è un consiglio di investimento.
Shortlist de ETFs
Instrumentos UCITS de acumulación usados por la comunidad IPF. No es asesoramiento: verifica TER, liquidez y disponibilidad con tu broker.
| Ticker | Rol | TER | Política | Nota |
|---|---|---|---|---|
| VWCE.DEVanguard FTSE All-World Acc | Global equities | 0,22% | Accumulating | Global core in one position: covers developed and emerging markets. A common starting point for simple portfolios. |
| SWDA.MIiShares Core MSCI World Acc | Developed equities | 0,20% | Accumulating | Developed markets only (US, Europe, Japan). Pair with EIMI if you want full global exposure including emerging markets. |
| EIMI.MIiShares Core MSCI EM IMI Acc | Emerging equities | 0,18% | Accumulating | Satellite to complete SWDA: adds China, India, Brazil and others. Typical weight: 10-20% of the equity portfolio. |
| AGGH.MIiShares Core Global Aggregate Bond EUR Hdg Acc | Global bonds | 0,10% | Accumulating | Defensive part of the portfolio. EUR hedging reduces currency risk and can smooth equity volatility. |
| XEON.DEXtrackers EUR Overnight Rate Swap | EUR cash-like | 0,10% | Accumulating | Tracks the EUR overnight rate (ESTR). Liquid alternative to a deposit account for the cash sleeve. Low volatility. |
Carteras lazy
Ejemplos educativos inspirados en Boglehead e IPF. No son recomendaciones personales.
All World
Maximum simplicity: one ETF, complete global exposure.
100% VWCE.DE
80/20 Globale
Growth with a small bond cushion. For investors who want more calm during drawdowns.
80% VWCE.DE · 20% AGGH.MI
60/40 Classico
Balanced between growth and stability. Historically smoother than 100% equities in bear markets.
60% VWCE.DE · 40% AGGH.MI
Golden Butterfly
Broad diversification across five asset classes, designed for different macro regimes.
20% VWCE · 20% small cap · 20% short bonds · 20% long bonds · 20% gold
Brokers italianos: comparativa rápida
Comparativa informativa. Verifica siempre las condiciones actualizadas en la web del broker.
| Broker | Régimen | PAC | Punto fuerte | ⚠ Atención |
|---|---|---|---|---|
| Directa SIM | Administered | Available | Simple taxation, solid platform, good ETF choice on Borsa Italiana and Xetra | Dated interface; minimum commissions can weigh on small orders |
| Fineco | Administered | Replay (ETF PAC) | Integrated bank and broker, Italian support, good mobile app | Check Replay plan costs: conditions change by profile and number of trades |
| Trade Republic | Declarative | Automatic from EUR 1 | Very simple UX, recurring automatic plans, interest on cash | Declarative tax regime: you must report capital gains yourself. Consult a tax professional |
| DEGIRO | Declarative | Not available | Wide choice of markets and instruments, low commissions on foreign markets | No automatic PAC. Declarative regime required. Essential interface |
| Scalable Capital | Declarative | Automatic | PAC automation, good UX, Prime subscription with zero commissions | Declarative regime. Check that the desired ETFs are available on the platform |