- April 9, 2024
- Posted by: legaleseblogger
- Category: Related News
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## Seeking Investment Advice for ETFs in the EU
Hello everyone, I am a 16-year-old investor from the EU interested in exploring ETF options. Currently, I have invested a bit in VUAG but am seeking recommendations for additional ETFs to diversify my portfolio.
### Exploring Technological ETFs
I am particularly interested in investing in a technological ETF as I believe that the tech sector is constantly evolving and has great potential for growth. I am looking for suggestions on specific technological ETFs that align with my investment goals.
### Seeking Recommendations
In addition to a technological ETF, I am also considering investing in a second ETF, but I am unsure about which sector to focus on. I would appreciate any recommendations or insights from experienced investors on the best options for diversifying my portfolio.
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All the money you could save at the moment will be better used to obtain a degree or some other education which you can use to get a stable and a high paying job. No reason to starve yourself by saving 50 euros a month when you can study for a few years and get a job which allows you to save much more than that.
At 16 yo spends money with girls 😂😂😂
Instead of falling for finbro tiktoks promising success from the hustle you should focus on studying. Want to invest? Good, start reading up on it, and by the time you’re 18 you’ll already be ahead than most. Go to university for it too if you like or go for something else. It’s good to start having savings from an early age, but don’t make the mistake of being consumed by it. It’s ok to spend money, especially on yourself at an early age. Those are investments too.
Just go full S&P500 until you have finished your studies and invest consistently. Even 50€ a month becomes huge over 30-50 years.
Then focus on increasing your active income as much as possible so that you have more to invest. You can learn stock picking around 30 if you have the correct mindset and time on your hands. The more money you have, the more important a 1 or 2% difference makes
Whatever you do with your money, don’t forget to invest in yourself too. You are at an age when a lot of life changing things will present themselves to you. Make sure to invest in a good education (be it a university degree or anything else), invest in good relationships and friends, and finally invest your time appropriately. Especially your time. You won’t get that back.
When i was 16 was saving money for cheap wine and cigaretes. If you heave enought money for investing in 16, you shouldnt be worried about your future.
What might work for you is invest the same amount e.g. 150 each quarter (don’t invest smaller amounts on a monthly basis to avoid paying relatively high fees) in either a tech etf or some global non-cyclical (and possibly high dividend) etf, whichever has gone up the least in the 3 months prior.
Get education. Get some trainings. A high income is the best way set yourself up for financial security.
Its smart to set up your finances for life at 16 , will retire at max 40 without hustle and pushing yourself over the limits . Benefit from the time you dont have spend money in housing etc
Education is great, training is great, good salary is great. Investing is gold but time is priceless. So learn what is money, what is currency, and make it to work for you. Working is traiding your time and effort( mental or physical) for currency. Currency loses value by default and you can allways earn more, effort will cost you health that you can at best preserve and time you cannot gain by any means. So learn how to invest, train you patience, urges to sell when market bottoms (Amazon fell 90% at one time), and use your time to be happy and enjoy life.
Invest in learning skills -> good work -> monthly money to invest into broad ETF’s (S&P500 or World ETF)