Increase Contribution to Pension or Invest in ETFs

[yygaurav]

Hi All

I am looking to invest a small amount per month ( say 100 euros per month). I am also putting 5% into a contributory pension from work. My question is

Which option is better
a) should I put 100 euro per month in S&P 500 ETF ( long term, I am thinking 20 years)
b) Increase my contribution to the pension (Say 100 euros before tax which will cost me 60 euros now)
c) any other option that I am not aware of

thanks
ramal

 

[Gordon Gekko]

Option A isn’t even worth thinking about

Option B probably makes most sense

Option C would be to overpay your mortgage

Some argue for C; my own view is only do C if you have maxed out B. But it depends on your own personal circumstances too.

 

[moneymakeover]

Will you be retired in 20 years?

Do you have children you want to pay for college education

Answers would inform if you want to save outside your pension