Since a lot of us here have expressed interest in not starving to death in a gutter, I figured I'd start a weekly thread to discuss financial matters.
Ground Rules
- Remember that we're all just Internet randos. Don't bet your life savings on a hot tip from this thread.
- Keep culture war in the culture war thread. Yes, global events may impact our personal finances, but that does not mean we have to incessantly harp on culture war aspects here. If you are going to discuss it, please stick to the practical impacts of it on an individual level.
- Be kind. Remember that everyone here comes from different circumstances. We all have different resources available and different risk tolerances.
- Don't let the perfect be the enemy of the good. Better is better. Celebrate people when they take a step up and work to move their finances in the right direction. Don't flame out because they haven't followed what you consider the optimal path. Everybody has to start somewhere.
Jump in the discussion.
No email address required.
Notes -
Since I know that you are german, I'd recommend to get a scalable capital account ASAP and put the 5000€ into the Tagesgeld there to start with. It gives 2.5% with no volatility, no fees, minimal risk and full access to take it out any time. That helps serve as a good basic protection against inflation. There's probably similar options with Trade Republic and the like, but I'm not familiar with those.
From there, you can start trying out any of the other investment schemes others recommend here. From my side, I'd just invest a percentage you're comfortable with into a world ETF through a fee-less monthly plan.
More options
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