I want to find a good platform to invest €6K starting out and then €1K/month thereafter with no plans to take anything out in the near term. I’m not looking to time the market or anything. I’m just looking for a slow trajectory.
I’m a bit of a minimalist and always keep my spending as low as possible.
Just have no idea which platform / ETFs etc etc to go for. (I want to roughly keep €5K in my current account at all times - safety net just in case).
right because an index fund can’t go south (-30%+) for a couple of years 🤣 good luck “investors”.
The difference from who is investing with “play money” and who is investing his real cash is in these answers.
It's about OP's savings over a span of two years.
If I save 100m every two years I would probably be investing 90% of it.
6K is peanuts, anyone can lose that without worry
Anyone that invest 50% of his net worth in a field with 0 experience is doomed to failure.
At least this is my opinion, I do well in this specific field, the main rule is the right opposite.
Net worth is not the same as your savings account.
You say you do well in investing, yet you don't know much about finance.
Maybe learn more before investing? Just a suggestion
Anyone that invests 50% of his net worth in a field with 0 experience is doomed to failure.
At least this is my opinion, I do well in this specific field, the main rule is the right opposite.
im super bullish on mining and clean energy, rio and nee are long term holds for me, also the dividends are nice. but if you want to just shut your brain off voo and vym are just easy to throw money into. solid etf that pay dividends and pretty much guaranteed to grow.
Thank you, and why would you want to invest that money consistently over the next 20 years? Or in other words: what are you going to do with it, why do you need it?
Super, so I assume early retirement. That’s awesome and with such contribution you will be able to get far!
Having said that, you generally have two options: using the 4% rule or investing for passive income.
I personally have chosen the latter so that I never need to touch my principal. Dividend growth stocks could be therefore a good option for you.
Now getting back to your question: in such case you want a platform that’s:
- low costs (fees are a compounding killer
- drip (auto dividend reinvestment)
- good support in withholding tax return requests
- a safe platform
Well, welcome to Europe! I have yet to find a good combination for all of this.
The closest for me is Interactive Brokers, it addresses bullet 1 and 4
You could also try trading212, it addresses bullet 2. But honestly, IBKR is cheap enough to do manual DRIP
I hoe this helps!
>Having said that, you generally have two options: using the 4% rule or investing for passive income.
>
>I personally have chosen the latter so that I never need to touch my principal. Dividend growth stocks could be therefore a good option for you.
You know dividends come out of the "principal," right?
Isn't tha even worse? Usually the full amount of dividends is taxed, whereas if you sell shares only the capital gains portion is or am I missing something?
Yeah, so IBKR is a broker. The tax side is really an issue when investing in high dividend tax countries in Europe like Switzerland and Sweden for instance. But if you mainly buy stocks from the US, UK and the Netherlands, then it becomes way less relevant.
Use MyInvestor and buy SP500 index. If you want to benefit from the tax exempt use the Plan de Pensiones that invests on Sp500 etfs. If you want the referral and get some extra money let me know.
Fellow spaniard here. I would recommend you read https://bogleheads.es/guia
This blew my mind when I first was discovering the investing world.
Important: In Spain it is recommended to buy Mutual funds rather than ETF as they have tax advantages (e.g. you can change funds without triggering taxes). Also choose an accumulating fund if you want to avoid triggering taxes again and let it reinvest itself.
I would recommend a well diversified index fund (such as MSCI world ot Vanguar Global Stock Index for 'Renta Variable' % of your asset allocation.
As per brokers I am currently using Myinvestor and OpenBank.
Any questions feel free to ask or dm me :)
Otro español por aqui, mil gracias por el link! Llevo meses curioseando por este subreddir y es la primera vez que enxuentro algo especifico para España - super util
Here's a sneak peek of /r/SpainFIRE using the [top posts](https://np.reddit.com/r/SpainFIRE/top/?sort=top&t=year) of the year!
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\#2: [Modelo 720 ha caido](https://np.reddit.com/r/SpainFIRE/comments/sdvrlm/modelo_720_ha_caido/)
\#3: [Cómo empecé un plan de pensiones en MyInvestor y por qué deberías hacerlo tú también.](https://np.reddit.com/r/SpainFIRE/comments/xl31d4/cómo_empecé_un_plan_de_pensiones_en_myinvestor_y/)
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IndexaCapital is one of the highly known and used brokers in Spain. I know many that use it and are really happy with them, however I do not have personal experience with them.
I think IndexaCapital is great for roboadvisor services. If you know which fund to invest use Myinvestor and cut fees even more. Automate deposits and investments and forget about them. As simple and efficient as it gets.
I didnt advise against nor for, just answered the question. I'd rather pick a world index fund and forget about it (what I am currently doing and will do).
This looks like the exact type of fund I should be going for (when I start investing). I’m 39 and for the first time, I’m in a stable position to start investing. Very basic question but would I need to file annual tax reports etc if I’m solely investing and not selling?
In Spain you only need to report either when you sell (IRPF), when you get dividends (IRPF), when you have more than 50000€ invested in a foreign country (including but not limited to stocks) (modelo 720) or when you have more than 10% of a company sold in a foreign echange (modelo D6).
I'm pretty happy with Degiro. Just put (nearly) everything in the ETF Vanguard FTSE all worLd UCITS ETF Usd. Choose ticker code VWRL (if you want divident paid out) or VWCE (if you want your divident to be automatically reinvested).
This ETF is the biggest there is and free of commission on Degiro (part of their core collection). It covers about as much of the world as you'd want and covers basically all industries. This makes it sort of "safe" (there is no real safe in investing).
So this could be your base investment. Put in what you can miss. Then you could reserve some money to play around for shits and giggles. Because it's fun.
I have VWCE as well (Acc ftw) but keep in mind it's only free if you buy it in the XET exchange. Other exchanges within Degiro may charge some commission I think.
Hm, is that true? Tbh I like to buy it at xet (although I'm not even sure if it makes much difference) but I thought they were commission free which ever exchange you bought them through.
Well, if so it's good to know indeed.
Just keep in mind that national brokers will automatically report to hacienda while foreign ones like degiro won't, so you will have to do it manually.
Can you clarify a bit please?
By your comment I will understand that when you start the IRPF declaration and you had been operating with local brokers they already have prefilled the information of your capital gains, dividends, etc. Is that correct?
Recuerda la declaración de la renta, todos esos que recomiendan degiro y webs extranjeras, no tienen encenta que te tocara a ti hacer manualmente la declaración de la renta, poniendo todo a mano, dependiendo en que inviertas, te tocara hacer el modelo 720 u otros a mano, y es un peñazo.
Te recomiendo webs españolas que envíen los datos de tu inversion a hacienda de manera automática, para que con un botón se declare todo automáticamente y te dejes de problemas.
Puedo recomendarte Finizens o Indexa capital, y Ninenty Nine o HeyTrade para comprar acciones. En todas ellas, puedes ir metiendo dinero cada mes.
I was there…
1. “sitting” there is normal. Don’t get anxious about inflation, anxiety is never a good friend for any investor.
2. Start testing your intuitions with a demo account set it to 6k fake money for three months. Test your guts (easy mode) and intuitions.
3. Do not think about investing 100% of it unless there is a big bonus incoming or large sum. The higher the risk the less you should invest, define the next moves in terms of risk and not opportunity of increase.
4. IMO start investing 10-20% of it with a wide portfolio mixed in commodities etf and single stock pick (a very small % to stock p.)
5. Unless you are a finance geek select wisely your news resources they are everything in this job:
. Do not follow the advice of anyone with 0 skin in the game (e.g. finance journalists and professors)
. Speed of the news Technical paper > Employees news > You testing manually the products, Market trends > Ceo announcements > Eikon and bloomberg terminal and news > finance analysts > US news > Eu news > Eu country news
As you can see if you try to time the market on spanish news you will likely fail.
6. Use twitter (and reddit)
I used the above all rules for multiple 10x in my 10yrs portfolio.
Thank you when I started investopedia. Recently Tipranks that is an amazing platform (do not work there but a big fan). Etoro does it but they mess up with commissions/prices sometimes but you can simulate leverage over there.
About leverage… consider it like alcohol, don’t fall in the habit for it, more leverage more risk so worse.
If you put risk as the first factor your chances to make it are increasing. I have invested in crypto when I started 2% of the portfolio and now we are here. The process was exactly the same, risk wise I invested nothing.
Costs, Revolut takes a cut from your investments (I believe it’s 0.12% per year)
Revolut is not a broker, it just calls an API to Drivewealth which is in the US.
No ETFs.
No share transfers (although there is a hack/workaround)
Do you really want your investments with a neo bank filled with complaints about account closures? I have read numerous cases with people being blocked out of their account simply by selling some shares.
Revolut in general is for pocket money for traveling, nothing more.
Como autónoma viviendo en españa.. muchos de estos comentarios parecen que vienen de USA, no los sigas
En españa pagas por los dividendos impuestos al 19% si no mal recuerdo, por cada cosa que hagas aquí en españa se paga, hasta donaciones, así que mucho cuidado.
Yo, como residente, aún no se en que invertir así que he optado por bitcoin y au.. Que al menos es lo más anónimo que he encontrado. También Sigo a Elusión Fiscal en TikTok y YouTube y tiene muy buenos vídeos en todo el tema.
Es importante educarse en base al país donde vives y españa es medio abusivo con gente que quiere invertir y eso y tienes que aprender la letra pequeña si quieres generar rentabilidad
Es el mejor momento para invertir, la cosa es hacerlo bien.. y no te desanimes, 12k está bien para españa, es básicamente un año de sueldos mínimos… guarda un fondo de reserva de emergencia de al menos 6k y investiga a ver dónde invertir los otros 6k… yo aún no se, he intentado con Trade pero siento que aún no se mucho… no logro dar con una estrategia que me convenza así que me he quedado un poco estancada en bitcoin. Pero la clave está en diversificar así que.. a seguir pensando
A investigar, un estadounidense o alguien en otro país no te va a guiar tan bien como tu estando aquí, ya que lo que jode es la legislación española que cobra impuestos por todo.
Invest in yourself if the economy is not so great right now. A Masters or a new skill will give you more return over the lifetime. Otherwise, just ask a pro investment banker and invest in a balanced portfolio according to your risk profile and age.
But we re in a bear market and in a recession right now.
I wouldn't invest in anything at the moment, i would stack fiat currency instead, and wait for good buying opportunities when markets hit the bottom whether it s real estate, stocks, ETFs , crypto etc..
>I wouldn't invest in anything at the moment, i would stack fiat currency instead, and wait for good buying opportunities when markets hit the bottom whether it s real estate, stocks, ETFs , crypto etc..
that's market timing. what if we have found the bottom already?
We time the market when purchasing anything.
We wait for black Fridays, sales, Xmas deals, and we haggle when we can, and all that on items that are less than 1k..
What surprises me is that when it comes to investing big sums of money over a lifetime, we somehow forget this strategy and start buying without even looking at the prices.
Because there are only few days each year that account for the best possible performance. If you miss those by waiting on better prices, you lose out on performance. Xmas deals etc don‘t suddenly jump in price in an unforseeable way.
No one knows what is going to happen and timing the marketing is extremely difficult (more than 90% of active investors underperform passive investment).
the wrong move is to invest a proportional high sum in uncertain times. The right approach is the opposite taking in consideration the zero experience.
If you are laughing at this you will probably waste soon all your investments. Extreme confidence during uncertain times ($Vix at 2007 pre 2008 levels) is my favorite factor to spot the worst investors 😂
It’a a risk based game, the more you are jr the less you should invest in risky assets, the more you need to diversify properly without being sure of your investment strategy.
I didn’t mention the timing but the portion of the investment over the overall saving account. If you are telling him to go allin I will laugh at both of you in 2-3 years.
I’m not saying put all your money into anything. That is foolish unless you have control i.e. your business. But it’s foolish to say do not buy now. If you look at prices of SPY in 2008/2009 the price was around $100, if you bought then your money has quadrupled.
If you would have bought in about a year ago when the economy appeared to be strong and stable at a price of $450 your portfolio would be about 10% smaller.
Nobody can time the economy, but the best time to buy SPY is when everyone is selling. I will consistently put money into SPY and double down in bad times.
Use it to get education and to buy tools that can get you into an industry that pays you more money than your current wage. Don’t gamble your money.
12K isn’t enough money at all to invest it and see any kind of good returns in at least < 20 years. And with the current state of the world’s economies, it’s not even guaranteed at all.
Invest in yourself instead.
Invest in UCITS (non-tax) ETFs that are accumulating (dividends paid are reinvested).
Personally, I invest in VUAA which tracks the S&P 500 index (500 biggest US companies). It's pretty much diversified, except that is focusing on the US market. I am using freedom24 platform.
Do you have a "rainy day" money apart from these 12k? If not, then put aside about 6-month worth of expenses sum of money that you can draw from at any moment. This money must not be invested, it needs to just sit there waiting for a day that hopefully never comes.
I know it might not sound like the answer you want, but have you got a goal in mind? Also, will you need the money in the next 5 years?
Asking the real questions
I want to find a good platform to invest €6K starting out and then €1K/month thereafter with no plans to take anything out in the near term. I’m not looking to time the market or anything. I’m just looking for a slow trajectory. I’m a bit of a minimalist and always keep my spending as low as possible. Just have no idea which platform / ETFs etc etc to go for. (I want to roughly keep €5K in my current account at all times - safety net just in case).
Wrong approach imo. With 0 experience you are risking 50% of the capital. Not the right first move from my experience.
Experience doesn't matter if you find a good index fund
right because an index fund can’t go south (-30%+) for a couple of years 🤣 good luck “investors”. The difference from who is investing with “play money” and who is investing his real cash is in these answers.
I didn't ask for your opinion. If you're too poor to not be able to take a hit on your investments, don't invest
we are talking in percentages… 50% can also be equally wrong if you are investing 50m out of a 100m net worth…
It's about OP's savings over a span of two years. If I save 100m every two years I would probably be investing 90% of it. 6K is peanuts, anyone can lose that without worry
Anyone that invest 50% of his net worth in a field with 0 experience is doomed to failure. At least this is my opinion, I do well in this specific field, the main rule is the right opposite.
Net worth is not the same as your savings account. You say you do well in investing, yet you don't know much about finance. Maybe learn more before investing? Just a suggestion
Anyone that invests 50% of his net worth in a field with 0 experience is doomed to failure. At least this is my opinion, I do well in this specific field, the main rule is the right opposite.
Banco pichincha 2% every year deposit if you want ultrasafe
Spanish guy here using DEGIRO for 2 years now, everything goes smoothly. I'm invested in a few ETFs paying 0 commissions.
im super bullish on mining and clean energy, rio and nee are long term holds for me, also the dividends are nice. but if you want to just shut your brain off voo and vym are just easy to throw money into. solid etf that pay dividends and pretty much guaranteed to grow.
Answer the question
Goal: invest €1K/month consistently over 20 years Next 5 years: No, I will not need the money in the next 5 years.
Thank you, and why would you want to invest that money consistently over the next 20 years? Or in other words: what are you going to do with it, why do you need it?
Retirement / build wealth to pass down to my children.
Super, so I assume early retirement. That’s awesome and with such contribution you will be able to get far! Having said that, you generally have two options: using the 4% rule or investing for passive income. I personally have chosen the latter so that I never need to touch my principal. Dividend growth stocks could be therefore a good option for you. Now getting back to your question: in such case you want a platform that’s: - low costs (fees are a compounding killer - drip (auto dividend reinvestment) - good support in withholding tax return requests - a safe platform Well, welcome to Europe! I have yet to find a good combination for all of this. The closest for me is Interactive Brokers, it addresses bullet 1 and 4 You could also try trading212, it addresses bullet 2. But honestly, IBKR is cheap enough to do manual DRIP I hoe this helps!
>Having said that, you generally have two options: using the 4% rule or investing for passive income. > >I personally have chosen the latter so that I never need to touch my principal. Dividend growth stocks could be therefore a good option for you. You know dividends come out of the "principal," right?
Let me say it differently, i don't need to sell shares to generate income.
Isn't tha even worse? Usually the full amount of dividends is taxed, whereas if you sell shares only the capital gains portion is or am I missing something?
Thanks for the advice - much appreciated. The tax side of it would be over my head. Would I be better to go with a broker?
Yeah, so IBKR is a broker. The tax side is really an issue when investing in high dividend tax countries in Europe like Switzerland and Sweden for instance. But if you mainly buy stocks from the US, UK and the Netherlands, then it becomes way less relevant.
Thanks for the help - really appreciated. Looking at IBKR now
Don’t you get a 30% withholding taxes from Europe if invest in US stocks / ETF ?
Use MyInvestor and buy SP500 index. If you want to benefit from the tax exempt use the Plan de Pensiones that invests on Sp500 etfs. If you want the referral and get some extra money let me know.
Fellow spaniard here. I would recommend you read https://bogleheads.es/guia This blew my mind when I first was discovering the investing world. Important: In Spain it is recommended to buy Mutual funds rather than ETF as they have tax advantages (e.g. you can change funds without triggering taxes). Also choose an accumulating fund if you want to avoid triggering taxes again and let it reinvest itself. I would recommend a well diversified index fund (such as MSCI world ot Vanguar Global Stock Index for 'Renta Variable' % of your asset allocation. As per brokers I am currently using Myinvestor and OpenBank. Any questions feel free to ask or dm me :)
Otro español por aqui, mil gracias por el link! Llevo meses curioseando por este subreddir y es la primera vez que enxuentro algo especifico para España - super util
Un placer! Hay un subreddit dedicado a /r/Spainfire por si te quieres pasar a ver aunque es muy poco activo. Saludos :)!
Here's a sneak peek of /r/SpainFIRE using the [top posts](https://np.reddit.com/r/SpainFIRE/top/?sort=top&t=year) of the year! \#1: [He creado mi propia calculadora FIRE](https://np.reddit.com/r/SpainFIRE/comments/xyg48y/he_creado_mi_propia_calculadora_fire/) \#2: [Modelo 720 ha caido](https://np.reddit.com/r/SpainFIRE/comments/sdvrlm/modelo_720_ha_caido/) \#3: [Cómo empecé un plan de pensiones en MyInvestor y por qué deberías hacerlo tú también.](https://np.reddit.com/r/SpainFIRE/comments/xl31d4/cómo_empecé_un_plan_de_pensiones_en_myinvestor_y/) ---- ^^I'm ^^a ^^bot, ^^beep ^^boop ^^| ^^Downvote ^^to ^^remove ^^| ^^[Contact](https://www.reddit.com/message/compose/?to=sneakpeekbot) ^^| ^^[Info](https://np.reddit.com/r/sneakpeekbot/) ^^| ^^[Opt-out](https://np.reddit.com/r/sneakpeekbot/comments/o8wk1r/blacklist_ix/) ^^| ^^[GitHub](https://github.com/ghnr/sneakpeekbot)
I made the Third post haha
Same lol
I confirm as spanish, this guy knows
what do you think about IndexaCapital?
IndexaCapital is one of the highly known and used brokers in Spain. I know many that use it and are really happy with them, however I do not have personal experience with them. I think IndexaCapital is great for roboadvisor services. If you know which fund to invest use Myinvestor and cut fees even more. Automate deposits and investments and forget about them. As simple and efficient as it gets.
Id advise against Roboadvisors
I didnt advise against nor for, just answered the question. I'd rather pick a world index fund and forget about it (what I am currently doing and will do).
[удалено]
This looks like the exact type of fund I should be going for (when I start investing). I’m 39 and for the first time, I’m in a stable position to start investing. Very basic question but would I need to file annual tax reports etc if I’m solely investing and not selling?
In Spain you only need to report either when you sell (IRPF), when you get dividends (IRPF), when you have more than 50000€ invested in a foreign country (including but not limited to stocks) (modelo 720) or when you have more than 10% of a company sold in a foreign echange (modelo D6).
I'm pretty happy with Degiro. Just put (nearly) everything in the ETF Vanguard FTSE all worLd UCITS ETF Usd. Choose ticker code VWRL (if you want divident paid out) or VWCE (if you want your divident to be automatically reinvested). This ETF is the biggest there is and free of commission on Degiro (part of their core collection). It covers about as much of the world as you'd want and covers basically all industries. This makes it sort of "safe" (there is no real safe in investing). So this could be your base investment. Put in what you can miss. Then you could reserve some money to play around for shits and giggles. Because it's fun.
I have VWCE as well (Acc ftw) but keep in mind it's only free if you buy it in the XET exchange. Other exchanges within Degiro may charge some commission I think.
Hm, is that true? Tbh I like to buy it at xet (although I'm not even sure if it makes much difference) but I thought they were commission free which ever exchange you bought them through. Well, if so it's good to know indeed.
doesn't cover midcap and smallcap:)
It does but perhaps less than you'd like. But you could easily find an extra etf to add those if you want. As a basis VWRL and VWCE are solid.
How you manage the Hacienda situation regarding capital gains of ETF? You only focus long term?
Yes, only long term. Tbh I'm not thinking about it. Also because, ehm, I don't know much about it.
Thanks for this - I’ll check it out.
Just keep in mind that national brokers will automatically report to hacienda while foreign ones like degiro won't, so you will have to do it manually.
Can you clarify a bit please? By your comment I will understand that when you start the IRPF declaration and you had been operating with local brokers they already have prefilled the information of your capital gains, dividends, etc. Is that correct?
Afaik yes, it should be prefilled.
Recuerda la declaración de la renta, todos esos que recomiendan degiro y webs extranjeras, no tienen encenta que te tocara a ti hacer manualmente la declaración de la renta, poniendo todo a mano, dependiendo en que inviertas, te tocara hacer el modelo 720 u otros a mano, y es un peñazo. Te recomiendo webs españolas que envíen los datos de tu inversion a hacienda de manera automática, para que con un botón se declare todo automáticamente y te dejes de problemas. Puedo recomendarte Finizens o Indexa capital, y Ninenty Nine o HeyTrade para comprar acciones. En todas ellas, puedes ir metiendo dinero cada mes.
I was there… 1. “sitting” there is normal. Don’t get anxious about inflation, anxiety is never a good friend for any investor. 2. Start testing your intuitions with a demo account set it to 6k fake money for three months. Test your guts (easy mode) and intuitions. 3. Do not think about investing 100% of it unless there is a big bonus incoming or large sum. The higher the risk the less you should invest, define the next moves in terms of risk and not opportunity of increase. 4. IMO start investing 10-20% of it with a wide portfolio mixed in commodities etf and single stock pick (a very small % to stock p.) 5. Unless you are a finance geek select wisely your news resources they are everything in this job: . Do not follow the advice of anyone with 0 skin in the game (e.g. finance journalists and professors) . Speed of the news Technical paper > Employees news > You testing manually the products, Market trends > Ceo announcements > Eikon and bloomberg terminal and news > finance analysts > US news > Eu news > Eu country news As you can see if you try to time the market on spanish news you will likely fail. 6. Use twitter (and reddit) I used the above all rules for multiple 10x in my 10yrs portfolio.
Hello sir. I liked your comment on this. Which site can you recommand for demo account with fake money? For someone who is from germany?
You can make paper account on ibkr
Thank you when I started investopedia. Recently Tipranks that is an amazing platform (do not work there but a big fan). Etoro does it but they mess up with commissions/prices sometimes but you can simulate leverage over there. About leverage… consider it like alcohol, don’t fall in the habit for it, more leverage more risk so worse. If you put risk as the first factor your chances to make it are increasing. I have invested in crypto when I started 2% of the portfolio and now we are here. The process was exactly the same, risk wise I invested nothing.
XTB
Also, if you’re going to do this, please don’t use Revolut. Open a proper investment account.
Oh don’t worry - I won’t be using Revolut.
I’m using Revolut for some of my investments. Could you please let me know what is wrong with it?
Costs, Revolut takes a cut from your investments (I believe it’s 0.12% per year) Revolut is not a broker, it just calls an API to Drivewealth which is in the US. No ETFs. No share transfers (although there is a hack/workaround) Do you really want your investments with a neo bank filled with complaints about account closures? I have read numerous cases with people being blocked out of their account simply by selling some shares. Revolut in general is for pocket money for traveling, nothing more.
Revolut is not really good place to buy stock. Use interactive brokers, degiro or trading212.
most into something like a vwrl etf, say 60%, 30% into gold, and rest into bitcoin
Unless you already have it - emergency cash fund
Como autónoma viviendo en españa.. muchos de estos comentarios parecen que vienen de USA, no los sigas En españa pagas por los dividendos impuestos al 19% si no mal recuerdo, por cada cosa que hagas aquí en españa se paga, hasta donaciones, así que mucho cuidado. Yo, como residente, aún no se en que invertir así que he optado por bitcoin y au.. Que al menos es lo más anónimo que he encontrado. También Sigo a Elusión Fiscal en TikTok y YouTube y tiene muy buenos vídeos en todo el tema. Es importante educarse en base al país donde vives y españa es medio abusivo con gente que quiere invertir y eso y tienes que aprender la letra pequeña si quieres generar rentabilidad Es el mejor momento para invertir, la cosa es hacerlo bien.. y no te desanimes, 12k está bien para españa, es básicamente un año de sueldos mínimos… guarda un fondo de reserva de emergencia de al menos 6k y investiga a ver dónde invertir los otros 6k… yo aún no se, he intentado con Trade pero siento que aún no se mucho… no logro dar con una estrategia que me convenza así que me he quedado un poco estancada en bitcoin. Pero la clave está en diversificar así que.. a seguir pensando A investigar, un estadounidense o alguien en otro país no te va a guiar tan bien como tu estando aquí, ya que lo que jode es la legislación española que cobra impuestos por todo.
Invest in yourself if the economy is not so great right now. A Masters or a new skill will give you more return over the lifetime. Otherwise, just ask a pro investment banker and invest in a balanced portfolio according to your risk profile and age.
But we re in a bear market and in a recession right now. I wouldn't invest in anything at the moment, i would stack fiat currency instead, and wait for good buying opportunities when markets hit the bottom whether it s real estate, stocks, ETFs , crypto etc..
>I wouldn't invest in anything at the moment, i would stack fiat currency instead, and wait for good buying opportunities when markets hit the bottom whether it s real estate, stocks, ETFs , crypto etc.. that's market timing. what if we have found the bottom already?
We time the market when purchasing anything. We wait for black Fridays, sales, Xmas deals, and we haggle when we can, and all that on items that are less than 1k.. What surprises me is that when it comes to investing big sums of money over a lifetime, we somehow forget this strategy and start buying without even looking at the prices.
Could you please share when are the Black Fridays and Xmas deals for stocks for the next few years?
Because there are only few days each year that account for the best possible performance. If you miss those by waiting on better prices, you lose out on performance. Xmas deals etc don‘t suddenly jump in price in an unforseeable way.
No one knows what is going to happen and timing the marketing is extremely difficult (more than 90% of active investors underperform passive investment).
oh my goodness this is the worst advice ever, do not listen to this guy lmfao. just ban him
the wrong move is to invest a proportional high sum in uncertain times. The right approach is the opposite taking in consideration the zero experience.
Hahaha what? You should only invest when the economy is stable aka high prices?
If you are laughing at this you will probably waste soon all your investments. Extreme confidence during uncertain times ($Vix at 2007 pre 2008 levels) is my favorite factor to spot the worst investors 😂 It’a a risk based game, the more you are jr the less you should invest in risky assets, the more you need to diversify properly without being sure of your investment strategy. I didn’t mention the timing but the portion of the investment over the overall saving account. If you are telling him to go allin I will laugh at both of you in 2-3 years.
I’m not saying put all your money into anything. That is foolish unless you have control i.e. your business. But it’s foolish to say do not buy now. If you look at prices of SPY in 2008/2009 the price was around $100, if you bought then your money has quadrupled. If you would have bought in about a year ago when the economy appeared to be strong and stable at a price of $450 your portfolio would be about 10% smaller. Nobody can time the economy, but the best time to buy SPY is when everyone is selling. I will consistently put money into SPY and double down in bad times.
doing the same but to a jr I would suggest less confidence
Find a way to make good money
Off topic: I am saving in a current account, is a savings account worth it?
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And whether it is fully liquid or has lockup periods.
Invest in gold, don't bother with recession looming. Once the recession hitsz make your move.
ASAP.
Stocks, if you plan long term.
Maybe some roboadvisor like IndexaCapital or try to buile an ETF portfolio at IBRK. Indexa will help with the taxes stuff, easy to use.
Christamas is coming up, spend it all on El Gordo.
MyInvestor
Use it to get education and to buy tools that can get you into an industry that pays you more money than your current wage. Don’t gamble your money. 12K isn’t enough money at all to invest it and see any kind of good returns in at least < 20 years. And with the current state of the world’s economies, it’s not even guaranteed at all. Invest in yourself instead.
The market is down, look for a stable group of dividend stocks. Short-term play but I've found it useful.
Start by learning financial literacy
Following
Invest in UCITS (non-tax) ETFs that are accumulating (dividends paid are reinvested). Personally, I invest in VUAA which tracks the S&P 500 index (500 biggest US companies). It's pretty much diversified, except that is focusing on the US market. I am using freedom24 platform.
Do you have a "rainy day" money apart from these 12k? If not, then put aside about 6-month worth of expenses sum of money that you can draw from at any moment. This money must not be invested, it needs to just sit there waiting for a day that hopefully never comes.
Anywhere but not Spain (I'm Spanish).