Hi everyone. First time investor here. I currently have about 10k euro to invest with the chance to invest another 20k over the next year.
I'm 26 years old with no mortgage, no debt and no dependants. I don't really want to leave this money in the bank earning a tiny interest rate that in itself gets taxed so I've been looking into investing.
I don't mind a bit of a risk and don't mind tieing the money up for a few years. 3 to 5 being ideal but longer if the returns are worth it since I don't really have plans to buy a house any time soon.
I may be moving to Canada in the next year or so but I'll have money set aside for this separately.
I've looked into it a bit and it seems an ETF is my best bet but I have no idea how to get started or where to look. Unfortunately my free time is extremely limited due to work so I haven't had too much time to do the research and what I have done is just gone over my head a bit.
So what do my options look like here to make the best use of my money?
I'm 26 years old with no mortgage, no debt and no dependants. I don't really want to leave this money in the bank earning a tiny interest rate that in itself gets taxed so I've been looking into investing.
I don't mind a bit of a risk and don't mind tieing the money up for a few years. 3 to 5 being ideal but longer if the returns are worth it since I don't really have plans to buy a house any time soon.
I may be moving to Canada in the next year or so but I'll have money set aside for this separately.
I've looked into it a bit and it seems an ETF is my best bet but I have no idea how to get started or where to look. Unfortunately my free time is extremely limited due to work so I haven't had too much time to do the research and what I have done is just gone over my head a bit.
So what do my options look like here to make the best use of my money?