Ive 100k just sitting in savings. My wages aren’t much but enough to pay bills so my question is…
Is investing in only tech for 5 years+ something that people do..say nasdaq and invidia? I have 5 or 6 years+ spending money. Any advice appreciated thanks
Investing in just one sector is very high risk - you should only invest what you are prepared to lose. Assuming you have at least 6 to 12 months outgoings in a savings account (to cover if you lost your job) then you should spread your money across sectors/geography and I would suggest that you make your investments monthly over time to avoid buying at market highs a especially in view of current uncertain times/volatility. I don’t invest with Trading 212 so don’t know what investments they offer.
People do that and over 5 yrs probably make more money than say ppl following the Buffet method… although the dividends tend to be low on that sector… you’d probably make a better than average return (if you bought in the dip)… also would lose sleep though and end with more lines on your face