3Wk·

I would love some beginner investing advice.

I am gonna start investing and could use some advice. Im 18 and always wanted to invest from 16 but i had financial problems in my family. Im finally gonna have a budget. Im planning to invest in $VUAG (+0.65%) (S&P 500) Can i have more recommendations and advice around investing? Ty people

6 Comments

Wealth-Accelerator@Wealth-Accelerator

3Wk

My view on it:

https://getqu.in/17lw5e/

It is in german…
All the best for you - starting with 18 is a Blessing 🫵

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Primo Trovisco@Claudio_Trovisco

3Wk

Hey Mathieu.
Welcome and congratulations on your decision.

Starting at your age makes things much better in the future ahead.

First of all, make sure you have an emergency fund for unfortunate but instant needs of at least 6 of your monthly regular income.

That money should never be used to invest as it's there for the emergencies of life, like sickness or unemployment...

If you're willing to invest, you should know that this is isn't instant magic and the real profits are in the long term investment.

Second, starting with ETFs is the safer way to do it.

And third, make sure you keep studying about this. There's a lot more to learn.

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Mathieu P.@MathieuPoppe

3Wk

@Claudio_Trovisco great advice im setting up a 3 month emergency fund but maybe ill do 6 just because u recommended

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Luis B.@Laruibasar

3Wk

Hi, good decision! My advices are: 1. Start simple 2. Write your goals (think about writing an investing plan for short-medium-long term) 3. Be consistent. 4. Don't panic, you're young.

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Mathieu P.@MathieuPoppe

3Wk

@Laruibasar ty for the advice

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growth_ninja_79@growth_ninja_79

3Wk

I think you have good insight s already. Just a note, you can buy $SPYL for your S&P500 ETF and will have even a lower TER.

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