Hi,
What is this: I'm completely new to the whole investment, stock trading shebang. I will share my experience, thoughts, tools I'm planning to use, any books I read and any actions I do related to investment. Also I'll ask for advice. I'm planning to post monthly updates here.
Why: My income has surpassed what I really need to for a great lifestyle. Looking back for the past two years I've bought a lot of shit I absolutely don't need and wasted a lot of money on it, mostly because of psychological reasons (shopping gives as mood boost). It's time to think about the future and plan for new, less income dependant lifestyle. Rather than spending money on shit I don't need I will invest it.
Background:
I'm in my mid 20s, no wife, kids anytime soon.
No debt.
Own my apartment, car.
Monthly lifestyle expenses around 2000€ (travel, expensive clothes, food, shit I don't really need, etc.). Another 1000€ for fixed expenses (gas, utility bills, etc).
Monthly income ~15000€ after taxes
Business co-owner with two other partners. Growing business is my primary goal and a lot of profit is re-invested back for growth. This log will have nothing to do with my primary business.
Current plan (2015 01 14):
1. Register for virtual stock trading game. Trade for 1-3 months to get used to the concepts.
2. Look into exchange traded funds (ETFs) like Vanguard.
3. Look into index funds like S&P 500
4. Find other forums/resources for investment advice, especially for beginners.
--Early Spring
1. Register for real trading account with interactivebrokers.com with initial amount of 10000€ Platform is quite complicated so it will take some time to learn it.
2. Every month add around 5000€-10000€
What is this: I'm completely new to the whole investment, stock trading shebang. I will share my experience, thoughts, tools I'm planning to use, any books I read and any actions I do related to investment. Also I'll ask for advice. I'm planning to post monthly updates here.
Why: My income has surpassed what I really need to for a great lifestyle. Looking back for the past two years I've bought a lot of shit I absolutely don't need and wasted a lot of money on it, mostly because of psychological reasons (shopping gives as mood boost). It's time to think about the future and plan for new, less income dependant lifestyle. Rather than spending money on shit I don't need I will invest it.
Background:
I'm in my mid 20s, no wife, kids anytime soon.
No debt.
Own my apartment, car.
Monthly lifestyle expenses around 2000€ (travel, expensive clothes, food, shit I don't really need, etc.). Another 1000€ for fixed expenses (gas, utility bills, etc).
Monthly income ~15000€ after taxes
Business co-owner with two other partners. Growing business is my primary goal and a lot of profit is re-invested back for growth. This log will have nothing to do with my primary business.
Current plan (2015 01 14):
1. Register for virtual stock trading game. Trade for 1-3 months to get used to the concepts.
2. Look into exchange traded funds (ETFs) like Vanguard.
3. Look into index funds like S&P 500
4. Find other forums/resources for investment advice, especially for beginners.
--Early Spring
1. Register for real trading account with interactivebrokers.com with initial amount of 10000€ Platform is quite complicated so it will take some time to learn it.
2. Every month add around 5000€-10000€