pastorjustin
New member
Hello everyone,
Suppose, someone is maxed out their pension. And save up to about 500 Euros a month in a savings account. The irony is savings accounts don’t yield much return. Therefore, would it be reasonable to invest about 100 Euros/ month in few stocks (E.G. a pie like option in Trading212), and do continuous investment for about 10-20 years and let it grow. The idea here is to grow your money outside savings account.
I reckon here one of the trick is to select the stocks that gonna be bullet proof for the next 1-2 decades. Nevertheless, based on the history, stocks such as Amazon, Berkshire B, Markel, Toyota, Sony, Novo Nordisk, etc. could be considered long-term.
I’d also like to know potential hidden costs, tax implications during disposal in this kind of an approach. Also, due to ETF’s deemed disposal, I was thinking about having a few stocks. Alternately, having an extra ETF outside pension (once you maxed your pension), for about 8 years also, could consider a medium term saving account. However, I’m thinking a potential option that could grow beyond 15 years.
Kindly share your balanced review.
Many thanks!
Suppose, someone is maxed out their pension. And save up to about 500 Euros a month in a savings account. The irony is savings accounts don’t yield much return. Therefore, would it be reasonable to invest about 100 Euros/ month in few stocks (E.G. a pie like option in Trading212), and do continuous investment for about 10-20 years and let it grow. The idea here is to grow your money outside savings account.
I reckon here one of the trick is to select the stocks that gonna be bullet proof for the next 1-2 decades. Nevertheless, based on the history, stocks such as Amazon, Berkshire B, Markel, Toyota, Sony, Novo Nordisk, etc. could be considered long-term.
I’d also like to know potential hidden costs, tax implications during disposal in this kind of an approach. Also, due to ETF’s deemed disposal, I was thinking about having a few stocks. Alternately, having an extra ETF outside pension (once you maxed your pension), for about 8 years also, could consider a medium term saving account. However, I’m thinking a potential option that could grow beyond 15 years.
Kindly share your balanced review.
Many thanks!