Hey everyone,
I'm currently 16 years old (soon to be 17), in the first year of my apprenticeship and have been actively saving and investing my money for about 5 months now.
Before that, I only had some money in a savings account at the savings bank - that was my starting capital. I started with 3000 split into 2000 initial purchases and 1000 in an interest-bearing account
Since then, I've been saving €500 every month.
Occasionally, I had to draw on my savings because I needed money at short notice. To make up for this, I'm currently paying in an additional €100 a month. This will continue for another 6-7 months. After that, I'll just save the normal €500 a month.
That's the plan from this point on:
- Invest €450 a month in the portfolio
- Put €50 a month into an interest account to benefit from compound interest and stay liquid.
I am aware that I will not be financially free in 3 years (duration of training). I'm taking a long-term view: my goal is to build up solid assets and create a good financial basis by the age of 30.
I recently took advantage of the big discounts during the market downturn and added to the portfolio - among other things, I picked up Nike about 1-2 weeks ago during the price drop.$NKE (-0,18%)
Another small comment:
I have a very small position in Cardano and Dogecoin, which came from "fun buys" - I had gotten €50 from my grandma for my vocational school certificate, which I put into Cardano$ADA (+0,13%) and some small change ended up in Dogecoin$DOGE (-0,5%) . I will sell these positions as soon as I am in the black.
I really appreciate any feedback, opinions or suggestions for improvement! Thank you all for taking the time!
