I need some basic advice about what I should do with my money.
So I'm 25 years old and I live together with my girlfriend who is 22. We are renting at the moment because we can't buy a house yet. We need around 70.000 euros to start out a homeloan. Is it smart to start investing already when we don't have a home/loan yet? I have around 3700 euros in stocks (AMZN, KTOS and SBM) which I recently bought and wanna hold for some years. I also opened 2 investment plans of 25 euro each every month. (Water and Index fund)
We have, apart from our investments, around 25k saving money.
Do you think it's smart that I already have some investments or would you suggest to focus on buying a house first, and then start investing?
We both have a pretty decent income (around 3800 euro each month).
If I was you I'd just be savings and building more to take advantage of the nearing bust cycle.
Christopher Davis
>buying stocks just a few months before a stock market crash >buying home during all time high housing market >opened penny investment funds which have pathetic annual yields (jews make 10% on your money then give 1-2% back to you)
holy shit dude
Robert Peterson
OP doesn't own crypto Thinks he(they) will make it Kek
Ayden Perez
Yea there’s no reasons not to have most of your money invested at that age as long as you can afford to lose 30% in the short run. Don’t fall for the timing the market meme or the stock picking meme. As you have a stable income, I’d put all of the 25k in index funds. If you just keep it in cash you’re losing ~2% year to inflation per year.
Owen Adams
> Most likely doesn’t have a background in finance > Thinks he can time the markets when not even the best macro funds and economists can do Good luck with your delusions.
Nolan Phillips
I would buy Ether, Bitcoin and Nano. I would also invest about 100 euro every month into a global index fund. I would also have many children with my girlfriend (if you are an ethnic Euopean who is not a liberal) and take as much child credit from the government as possible, like all the N*groes are doing.
Liam Morales
Yeah but renting feels like throwing away money.
Not really, just a normal dude.
Thanks !
Well we don't have a house yet. I do have some doubts about the stocks I bought which was pretty impulsive. Well the Penny stocks atleast make more than my saving account so...
I made 2k euros with cryptos some time ago. Don't feel like doing it again. (Volatility too much stress, losing 30% in one night) I don't wanna risk putting al our money in it. But i do agree on the saving/inflation loss.
My girlfriend is pretty right leaning but soft on the other hand.. do you know a good global index fund ?
James Ramirez
>Yeah but renting feels like throwing away money. depends on a single thing: rent/price ratio below 0.5% you have to fucking rent! buying is bad move. above 1% you are a moron if you don't buy and rent out. above 0.6% it could work out for you to buy.
Luis Bailey
>like all the N*groes are doing. Spics do it probably more at this point in raw numbers.
Ayden Thompson
Women are meant to be moulded into a person suitable for their partners.
I personally invest in: 1. Vanguard FTSE Developed Europe ex UK Equity Index 2. Vanguard FTSE UK Equity Income Index Income Fund 3. and a US one that I forgot the name of
Vanguard has "VHGEX - Vanguard Global Equity Fund" which I think encompasses all of the three above so you only have to invest in one fund. I am sure there are others and not only from Vanguard.
Kayden Brooks
I'm not sure what you mean. We are paying 770 euro each month. Our goal is to buy a house costing around 330k euro. With a payment of 70k beforehand and then 1200 each month for 25 years.
Thanks man, sure gonna check it out. Is it possible for europeans though? I had problems buying US funds on my european broker.
Cameron Lewis
rent price ratio is the average rent and average price ratio in your area for the same building always. so if a building is 770 euros a month and also 330k sell price you got 0.23% rent/price ratio you have to rent.
Noah Fisher
Ow oké. The Rent we have is not our house we gonna buy though. But I understand it. Maybe not bad we gonna Rent some Longer.
Austin Brown
Yes it is. Search for global equity funds or similar in your brokerage account.
This one for example is in euro: markets.ft.com/data/funds/tearsheet/summary?s=ie00b03hcz61:eur
Eli Jackson
Now is the worst time to get a homeloan you fucking brainlet cuck. You and your girlfriend would either be homeless or you'd kill yourselves in 5 years
Hudson Morgan
>25 >we >we have 25k
Christian Fisher
Same shit people like you adviced 5years ago. In the meanwhile another QE level will come and inflate the prices even more.
Brody Rogers
it's always a bad time imo. worst idea ever. i tried to get a mortgage a little one really not something huge want to buy 1/4th of the family home from my brother to help him out. so we go on and on with the terms and the interest with the bank. and i get more and more angry then told them fuck their fucking loan i will just have to pay cash even tho that cuts in my reserves and planned investments badly. it was very unacceptable how they handled it. and that was just the legal paperwork. fuck them!
Charles Adams
possible but if that is true it will inflate the stock market even more. so then you can buy cash no loan much better terms overall much more simple transaction.
Nathan Hughes
Thats actually not that bad imo
Kevin Myers
Buying something in the mother of all bubbles, the tech bubble, is the most retarded advice. p/e ratio of 100+ is common af nowadays.
John Turner
We got nothing from our parents. I honestly think 30k saving and investments is not that bad for our age. We also both have a car which is costly.
Adam Thomas
still if qe comes it will go straight into stocks once more. that's what happens.
Benjamin Hall
Good cars cost less than 10k.
Jace James
>needs 70k just for the privelege to get a loan >saves 25 a month Europoors are hilarious
Austin Adams
Mine was 10k and my girlfriend her is around 4k.
Samuel Jenkins
We save a lot more. (Around 750) but putting it in our saving account seems pointless so It rather invest it, not too wildly cause we're young and wanna buy a house someday.
Jason Nelson
listen there is one thing about investing. there will be no point in time where you have a safe investment that earns you a lot and it's absolutely sure no risks because if that happened it would be long in a parabolic uptrend before you have a chance to buy in. the market prices everything in risk and potential gains first and foremost and it's fucking random short term because everybody has the same ideas and react instinctively.
however long term the game changes. if you have patience there is no way the overall stock market shouldn't perform very well in a decades time. want to minimize risk of buying a local top? buy staggered! buy when it is low! but don't try to min-max it you will lose more opportunity for gains on average. some get lucky timing the market most don't.
Christopher Nelson
Yeah that's why I started some investment plans. They don't make much every year but after a decade it's another thing. The stocks I bought are also for long term. I just don't know how much I should save and how much I should invest considering i'll have to buy a house in the coming years.
Chase Morris
i would only buy a home when i can buy it for cash no debt and it won't make up more than 30% of my net.
Juan Sanders
Sudo from Skycoin has a very interesting advice as followed: >divide your worth by 3 equal parts >save one >spend one >invest one
Jason Lewis
Buddy, dont be house poor. Buy a duplex/triplex/quadplex and pay less than it would to rent if not free.
Or put in crypto
Aiden Davis
Take a loan FOMO into HOLO and NANO
Literally too easy.
Jaxon Brooks
Free ? How.
Seems like a good tip. Sometimes I have the feeling me and my girlfriend spend too much on dining and wining.
Ryder Edwards
or if rents are so crazy that actually worth it to finance a home that's a possibility also.
Tyler Bennett
yeah I made the mistake of gradually investing 90% of my worth into crypto since Jan. My quality of life has been affected a lot by that.
"Diversify" your spending if you can. Dining, shopping, furniture, travel, cars, rent, etc
Noah Wood
Why would you buy a house right now when the people buying in are spics with FHA loans? Save and buy the dip.
Caleb Thomas
>yeah I made the mistake of gradually investing 90% of my worth into crypto since Jan. just hold you won't feel so foolish in a year. but man you are bad at this...
Dylan Perry
Teutonic bro, open a depot at Ing Diba. Keep 2 or 3 month worth of money in Flexgeld in case. Put the rest into ETF developed world and ETF Rentenfonds Euroraum. Get your savings ratio up to 60% or more and pour it all into your ETFs. When you have 70k worth of ETF, use that as collateral for a house, but don't fucking sell it! Thank me later.
