I am 16 and don't know a lot about investing. I only heard that if you want long term profits you should invest into ETF's and also that you should diversify. I've been working for a while now and I have 3500eur saved up for investing. Should I just put it all into one ETF or should I also invest in things like Crypto or single Stocks?
I am 16 and don't know a lot about investing. I only heard that if you want long term profits you should invest into ETF's and also that you should diversify. I've been working for a while now and I have 3500eur saved up for investing. Should I just put it all into one ETF or should I also invest in things like Crypto or single Stocks?
I’ve worked for my father for about 2 years. I’m from Germany, and I go to the office of his firm (we are 5 people) 3–4 days a week after school to work there. In the past, I hadn’t been paid at all. He always said I would get paid once some projects were finished, but it didn’t really matter to me — I just did it because I found it interesting and liked getting some experience in the working world.
He informed me 2 weeks ago that I would be getting €5,000 soon (next week), and I’ve been thinking about what to do with it. I thought about investing it all in ETFs, but I want to keep at least €500 for myself to spend on fun things, as well as €300 for a boxing membership.
However, I’ve heard that at a young age it’s better to invest in yourself instead of stocks, so right now I’m not sure what to do with the money. Should I keep it all in my bank account in case any opportunities to invest in myself come up, or should I put it all into ETFs, or maybe split it somehow, or do something else entirely?
Thanks in advance!
I’ve worked for my father for about 2 years. I’m from Germany, and I go to the office of his firm (we are 5 people) 3–4 days a week after school to work there. In the past, I hadn’t been paid at all. He always said I would get paid once some projects were finished, but it didn’t really matter to me — I just did it because I found it interesting and liked getting some experience in the working world.
He informed me 2 weeks ago that I would be getting €5,000 soon (next week), and I’ve been thinking about what to do with it. I thought about investing it all in ETFs, but I want to keep at least €500 for myself to spend on fun things, as well as €300 for a boxing membership.
However, I’ve heard that at a young age it’s better to invest in yourself instead of stocks, so right now I’m not sure what to do with the money. Should I keep it all in my bank account in case any opportunities to invest in myself come up, or should I put it all into ETFs, or maybe split it somehow, or do something else entirely?
Thanks in advance!