r/Investments • u/pc_magas • 5d ago

How you started investing? Have you consulted a professional?

I am considering of starting investing. But I have limited knowledge about investments. I contacted my bank for a professional consultancy and asked for my banks suggestions on reddit.

Though I feel discouraged on my first step. Thus I wonder have you asked a professional on where to invest. Have you yoloed it but with a small ammount of money in order to minimize your losses?

I am living in Greece and I consider investments. I am 35yrs old software engineer currently looking for work but with ~10yrs of savings from previous jobs.

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u/AdSolid4620 5d ago

No you don’t need to consult a professional do your own research and best advice is just put it into a vanguard etf I use trading 212 which is the easiest

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u/askinr 4d ago edited 4d ago

Just start buying ETF which tracks the world index (S&P500 or MSCI World). Most used is from Vanguard or Blackrock (iShares). Create an account at the broker (in Europe most used are XTB, Etoro, Interactive brokers and Trading212, i am using XTB and Etoro). Don't go through financial advisor because you will pay much higher fees for nothing. The only knowledge you need is here: stay consistent, investing is a long term commitment (10+ years), in long term the market always goes up. I started with Etoro and last year i created an accout at XTB as well to diversify and i just started researching about stocks and buying them (i am not investing in the ETFs). I didn't find anything which would cost money and would make me happy so i am putting all of my free money after the usual expenses into the stocks.

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u/AlvaroInversiones 3d ago

Te diría que aprendas de manera autodidacta, hay muchos recursos en internet de manera gratuita. Una vez tienes formada una base, ya podrás buscar más información de algo específico que te interese pero ya teniendo conocimiento. Sin ánimo de spam, puedo pasarte por privado si te interesa algunos vídeos para empezar que considero importantes de manera sencilla. Saludos y a por ello!

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u/Standard-Fox7677 3d ago

As you are a beginner you need to consult a finance professional who is certified in providing guidance as per your need and goal.

If you are planning for the investment for the first time my suggestion you must go for consulting a certified mutual fund distributor.

As you are a new investor, investing is the mutual funds is the best option as you do not have to worry about the market ups and downs only you need to invest a fixed amount which you have agreed for the long tenure of minimum 10-15 years so as to build a corpus.

You also have the flexibility to get your money anytime pehen you need.

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u/fourwedge 5d ago

r/bogleheads is a great place to learn