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LadyButterflyshe/her@lazysoci.al to [Migrated, see pinned post] Casual Conversation @lemm.eeEnglish · 6 days ago

Whats a useful moneysaving tip you want to share?

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Whats a useful moneysaving tip you want to share?

LadyButterflyshe/her@lazysoci.al to [Migrated, see pinned post] Casual Conversation @lemm.eeEnglish · 6 days ago
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  • EtnaAtsume@lemmy.world
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    5 days ago

    How do you suggest one start with investing?

    • AtariDump@lemmy.world
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      5 days ago

      Index funds.

      Start by investing as much as you can afford (even if it’s $5 a paycheck) and find a place that lets you buy fractional shares.

      https://www.investopedia.com/buffett-says-index-funds-beat-stock-picking-11724706

      https://www.nasdaq.com/articles/warren-buffett-recommends-vanguard-index-fund-it-could-turn-450-month-888200

      https://www.cnbc.com/amp/2024/10/09/warren-buffetts-sp-500-bet-paid-off-some-experts-say-it-may-be-time-to-diversify.html

    • Opinionhaver@feddit.uk
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      5 days ago

      ETF index funds that are heavily diversified across both sectors and geographic regions are a great place to start - just make sure the total expense ratio stays below something like 0.3%.

      Personally, I’ve set mine to automatically invest €500 each month, regardless of what the market is doing. I never try to time it - I just keep buying and never sell. The ones I’m personally buying are iShares EUNL and IS3N with 80/20 distribution.

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