Newbie trying to start with ETFs, advice needed
Hi all,
as many here I want to start investing in ETFs but I am super fresh in this field and I will really appreciate some advice.
Info about me, im 30, living in Germany with 28k in my bank account with no loans or anything I need to pay for excluding my utilities (rent, bills, etc.) which is approx. 1100 euros per month.
My idea would be to do 80/20 split between VWCE and SXRV respectively but I am open to any other suggestions. The plan is long-term, maybe 20 years or more and I plan to invest 1000 euros monthly with an initial investment of 18k but when my current salary increases I will increase the amount invested.
Does this sound good or am I doing something wrong? Thanks a lot for any recommendations!
Your plan looks solid. The 80/20 split between VWCE and SXRV is a good long-term choice with those monthly contributions.
Your plan looks solid, an 80/20 split with VWCE and SXRV is a common long-term approach. For choosing a broker to execute this in Germany, I used https://investbeacon.eu/ to compare options based on fees and features, and it helped me find a good fit. Keep your monthly contributions consistent and you should be fine.