Hey, I think itĀ“s prob the most newbie question hereā¦
I want to plan my investment strategy and build a portfolio. IĀ“m just starting to get interested about investment but I have some real estate and some money to invest. For now I put in as cash on 212 so I can get the interest but IĀ“d like to invest it or most of it. IĀ“d like to learn and do it myself but It takes time and it seems that there are so many investment tools and different possible strategies that maybe best for me to talk to someone and at least get a general strategyā¦?
I am not so sure how to find such thing. I only find portfolio managersā¦
Any recommendations?
I live in Greece
This website is really helpful to search for ETFs, compare costs and so on.
You need to decide what your short / medium / long term goals, and risk appetite, and that would help direct you to what you should invest in.
I would suggest going with the keep it simple approach, and but an all world ETF in EUR currency.
This is also worth a look:
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Beginner here. I suggest you invest in ETFs. If you are willing to keep them for a few years, at least 5, the accumulation ones that often have the advantage of paying taxes only at the end, when you sell them. If, on the other hand, your goal is to have money periodically, then take distribution ETFs. The classic S&P 500 costs little and is a good start. then diversify based on sectors, markets and asset classes. Even if ETFs are less difficult to manage than individual stocks or derivatives, a minimum of āhomeworkā is still required. Also, have also a look to ETC.
The poster is based in Greece and I have no clue about Greek tax law so Iāll skip by that. But be careful with your assumptions on accumulation ETFs. For UK, it isnāt as simple as paying just paying capital gains tax at the end, you may be due to pay tax on āexcess reportable incomeā.
Yes, I agree, thatās why I said that doing some homework is still required. You need to learn about taxation in your country and possibly in other countries like the US. You also need to understand what you are buying and why. Still, buying ETF requires less expertise than buying single shares or derivatives. The latter are truly dangerous in inexperienced hands like mine.
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Are you guys using the ready made pies for that? I think IĀ“ll just book an appointment with my tax advisor to learn about the taxation, Otherwise Ill just start with ready pies. Was thinking about the wisdome core pie either moderate or aggressive. If I choose aggressive, maybe add 25% of bonds or something more stable? For now I can keep it as cash and collect interest.
What time period are you looking at? I.e. when do you want your money available to you, and how sure are you that you wonāt need it sooner?
I say keep it simple: buy one of VUAA, VWRA or VHVE (cheaper non-Vanguard options may be available). Any one of those pretty much gives you all the exposure to stocks you could need. The three track the US, world, and developed world (ie no emerging markets) respectively.
At least 70% of it I think wonĀ“t need for the next 5yrs hopefully longer. But I am still a bit confused because for the next year or two I donĀ“t have much income and was hoping to withdraw some of the earningsā¦ But that means I need to get something that pays dividends? Also, it is always calculated here with reinvested earnings so itĀ“s hard for me to tellā¦
topher, you mean to put all the money in those three? why not in emerging markets?