I’m a 25-year-old female living in Switzerland, and I’m pretty new to the stock market. My ex helped me open a couple of deposit accounts with different banks, but I haven’t actually made any investments yet. I’m thinking about getting into ETFs rather than buying individual stocks, although NVIDIA has caught my eye.
My monthly expenses add up to about 2.000€ (around 2.180$), but after bills, taxes, and saving, I have around 10.000€ (10.900$) left each month. I don’t want to dump all of that into the stock market right away, though. Maybe starting with 5k a month would be a good idea?
Should I focus solely on ETFs or consider individual stocks too? And how much and how often should I be investing?
My future goals include sending my future kids to top private schools and universities and buying apartments to rent out in about 5-10 years. I’m not really into crypto, and I have a plan to pay off my car by 2025.
Given all that, what advice do you have for me?
Thanks, Seeking Advice
Response from THE MONEY MINDER:
Hello There,
Hi there,
It’s great to hear that you are taking steps to learn more about the stock market and are considering your financial future. It’s commendable that you are looking into potential investments and planning for the long term.
Given your current financial situation and goals, it is crucial to take a practical and realistic approach. With around 10,000€ remaining each month after expenses, starting with 5,000€ for investments is a wise decision.
Considering your interest in ETFs and the potential long-term benefits of diversification, focusing on a blend of ETFs and some carefully selected individual stocks might be a good strategy. ETFs can provide broad exposure to different sectors and markets while individual stocks can offer opportunities for higher returns.
When it comes to investing, consistency is key. Setting up a monthly investment plan where you allocate a certain amount from your remaining funds into your chosen investments can help you build a solid portfolio over time. The amount you choose to invest each month should be aligned with your risk tolerance and financial goals.
In terms of your future aspirations of sending your children to influential private schools and buying apartments for rental income, it’s essential to start planning and saving for these goals now. Investing a portion of your savings each month towards these long-term goals can help you build the necessary funds over time.
Lastly, considering your aversion to crypto and your plans to pay off your car loan by a certain date, it’s important to stick to your financial plan and be disciplined in your approach.
All the best from THE MONEY MINDER. If you have any more questions or need further guidance, feel free to reach out. Good luck on your financial journey!
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