Hello all, I posted this time last year in a bit of a panic about the oncoming Covid storm and what effect if any it could have on a lot of surplus cash I was and still am, holding. I didn't pay off my mortgage as it's an ECB +5 tracker which is just too good to lose and also because I want to trade up. And my hyperinflation worries have so far not materialised tg!
Since then I've bought some physical gold, *tried* to buy a property but came a cropper with dodgy estate agent shenanigans (another post
) and there's sweet FA out there to buy these days, so despite my stock market resistance til now I've decided to give it a lash.
Been playing around with some stock in Revolut since start of this year, but aware I need a more solid strategy than basically throwing darts at stuff I like, so I opened a Degiro account. But I can't make head nor tail of that really, because it doesn't have those nifty little graphs that let me track what I've bought or want to buy, so I thought it best to maybe put 10k into a straight ETF (Berkshire Hathaway or somesuch) there and just forget about it.
While using the remaining 5k on Revolut hoping to hit on the next FAANGs, but is also handy because I can use dollars for trades, and also do fractionals, whereas Degiro only seems to accept euro transfers from euro accounts.
But as both are online platforms located in other jurisdictions, how safe would they realistically be for a 3-5 year time horizon for that 15k or any gains? Or longer (and perhaps more) if all went reasonably well.
Since then I've bought some physical gold, *tried* to buy a property but came a cropper with dodgy estate agent shenanigans (another post
) and there's sweet FA out there to buy these days, so despite my stock market resistance til now I've decided to give it a lash.Been playing around with some stock in Revolut since start of this year, but aware I need a more solid strategy than basically throwing darts at stuff I like, so I opened a Degiro account. But I can't make head nor tail of that really, because it doesn't have those nifty little graphs that let me track what I've bought or want to buy, so I thought it best to maybe put 10k into a straight ETF (Berkshire Hathaway or somesuch) there and just forget about it.
While using the remaining 5k on Revolut hoping to hit on the next FAANGs, but is also handy because I can use dollars for trades, and also do fractionals, whereas Degiro only seems to accept euro transfers from euro accounts.
But as both are online platforms located in other jurisdictions, how safe would they realistically be for a 3-5 year time horizon for that 15k or any gains? Or longer (and perhaps more) if all went reasonably well.
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