- May 2, 2024
- Posted by: legaleseblogger
- Category: Related News
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## Financial Planning: Investing in VWCE
I find that I am only able to save around 100€ every month, but I am interested in starting to invest that money into VWCE. I am unsure if it is even worth bothering with such a small amount each month, and I am wondering if there are any better investment options available than VWCE.
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****** just grabbed a
If you consistently keep investing 100 € every month for the next 10 years (you’d still be only 35 years old), and we consider a typical average growth rate of 7% per year, you will have 17.409 € lying around, you will have saved 12.000 € and the rest 5.400 will be the money that your money made for you. Never underestime the power of compounding!
I’d say it definitely makes sense to save or rather invest that 100€ every month especially at the age of 25
Yes, but not because x per month can generate y in z years. Yes, because it teaches you discipline. At first, folks get excited with the idea of earning money with their money. If you have the right temperament, it becomes a process, in which you pay future old day you first. You’ll learn to cope with less money per month to freely spend, because 100/month will go to future you. Eventually, the habit will stick and the more you earn, the more you’ll be able to contribute. You’ll not succumb to lifestyle creep as much. Look, my wife and I started with a small amount and we’ve gotten so used to doing it, we can put €1000+ in per month without thinking about it. Everything beyond what we need to invest or save, that’s enjoyment money.
How old are you? If you are young it will be better to invest in yourself, later you will be able to save up more and invest higher amounts.
If that’s not the case, then everything is better than 0€. Over the long run 100€/month can add up to quite a bit.
Better than €0. And in trade republic, if you use their savings program, you can buy vwce for free periodically. Thats what i do right now.
I am a big fan of vwce
If you want referal code send me a message.
As long as you don’t get slashed by fees, can’t see why not, in the long run it will be a decent amount
Just keep an eye on the cost per transaction. 3€ per month is quite high for 100€. (In Degiro).
Yes, yes and yessss!
Not for the amount of money you’ll be earning from you saving 100€ (although it becomes considerable at some point) but for the mindset of paying yourself first by saving a portion of your income.
I started by saving 45€ from my 560€ monthly salary. When I started earning 6 and 7 figures it was natural for me to save so so much more than my colleagues.
I started 2 months ago with 80 € / month, mid 30s here. Not planning to make the million till retirement, but at least to have something there over the years. For sure there will be a day in this life when it will help me.
It’s always better than nothing.
Thank you everyone 👍
here to ask a dumb question, hmdosent he have to pay taxes when he wants the money back?
It is ABSOLUTELY worth it!
On top of the growing portfolio, you get other things 1. Experience – no matter what sum you are using, you’ll see ups and downs; 2. You’ll build a habit 3. You can test out different platforms.
For all three – the earlier you get in, the better. Your future self will be more prepared financially and mentally for both hardships and opportunities. Good luck!
YES!! Use a online savings plan calculator. For extreme example please read this:
„Money bearing compound interest increases at first slowly. But, the rate of increase being continually accelerated, it becomes in some time so rapid, as to mock all the powers of the imagination. – One penny, put out at our Saviour’s birth to 5 per cent, compound interest, would, before this time, have increased to a greater sum, than would be contained in a hundred and fifty millions of earths, all solid gold. But if put out to simple interest, it would, in the same time, have amounted to no more than seven shillings and four pence half-penny.”
Do that around twelve years and you’ll get a return of 100€ a month. I‘d say worth it.
Yes definitely but after you have that set-up make it a priority to figure out how to be able to save more (e.g. by getting higher salary).
Yes it is! Please do it man. For all of us who were dumb enough to do it at such early age.
Im in the same boat, but 5 euro fee for one share of VWCE makes mw wonder if I should do it quarterly, for example
Yes 100%
Even €100 monthly will make you a millionaire if you start early in life.
invest it in yourself and you will see much greater returns than these poor avg iq redditors that hope to get rich off passive index investing
Every investing is worth so. No matter the money you save.
If you are 18 then potential gain can be huge.
It seems little money, but it’s the mindset that counts here. Saving 100 euro vs overspending 100 euro every month is a HUGE difference.
Based on that and if the answer is “yes”, is it still worth when we also count the transaction fees per month? I mean, if you have to pay for example 3$ / transaction, those 3$ are not insignificant when you invest only 100$. What is your opinion?
It is always a good idea to start investing. You’ll learn the basics and discipline to keep buying. However, do keep in mind the cost of the fees that you pay to your broker. For example, when buying VWCE on Degiro, it is in the core selection so you would pay €1 per transaction per month, which is low already. But then it might be smarter to invest €200 once every 2 months. Here is a tool which might help you with that: [https://investcalc.github.io/](https://investcalc.github.io/).
Yes, its worth it, and probably VWCE is the best for you. Later you might be able to put in more, and over the years even a 100eur per month is much better than nothing. Depending on the broker you might want to save on fees and put in 300eur every 3 months or so.
Something is better than nothing. Starting early and remaining committed is more important. The crucial thing about being all in on an index ETF is to be in it for the long term and to always have spending and emergency money on hand so that you make it very unlikely that you have to pull out money at a bad time. For example if you had your savings in it and had to take them out during COVID you’d take a significant loss, but if you can wait it out it always recovers.
Some would argue that the S&P500 index is better as it generally outperforms the all world, but the difference is minimal and neither is a bad choice.
How are people actually investing? What is the platform – is Trade Republic sufficient?