Hi, I've got some money saved up (about 10k EUR).
Since it's just sitting in a bank doing nothing, I though maybe it's a good idea to try to create some extra income. So I think risking about 1k EUR to create some extra income isn't a terrible idea.
Now what is my goal here. I dont expect to get rich, for starters I just wanna learn a bit about investing. So why do I wanna put real money instead of using fake money accounts to learn? I pathetic as this may sound, it's motivation. I don't think I will have the will to learn and constatly follow news and markets if I dont put some real money into it.
Second goal is of course to make profit in relatively short amount of time. But I just want to clarify that by profit I mean any profit. I risk 1000 EUR and in 3 months time I will have 1000.01 I will be happy with that, as long as am not at loss.
So, my plan is as follows:
-
Invest about 200 in in index fund, thinking S&P 500 (the goal here is not to just hopefully make some profit, but also to get me to start following the stock market.
-
Put 400 EUR in to forex. Im still a noob at all of this, but I would slowly learn forex. And although if I understand correctly the forex market is much riskier than the stock market, it is also more profitable. Why I'm thinking forex if because I ever want to make it to stock market, "small" sum 10k just won't. So even if it is riskier, to me its seems that this could lead to potentialy more profit.
-
Put 400 EUR into crypto. I would put 300 into "safer" currencies like bitcoin and eutherium. And 100 into some less known high risk currencies (like those that are now worth maybe few cents, but could potentialy grow to dollar or more).
-
I was thinking to also put some part of every salary towards invensting. Hovever, I'm not sure if this is a good idea at this points. I would like first to learn and to get profitable, only then would I risk additional money.
So out of these points I was thinking of starting with point 3 and then 2 and 1. Crypto seems the the fastest to get into. Becase there are only few "main" currencies. I would probably need more time to check out some of those high risk currencies, but all of this still seems faster to "learn" than forex or stock market.
And the next points would be Forex. I know the basics, but I'm still a noob. So before really making I would need to observe and learn it. But I think learning forex is a good stepping stone, before going into the stock market.
So what do you think about my plan? Is it realistic? Would you spread those 1000 EUR any other way? Or would you invest them into something else? Is is too wide spread, should I focus on just one thing instead?
Thanks for all your coumments in advance.
Best regards, ak7483
Submitted May 22, 2018 at 04:39PM by ak7483 https://ift.tt/2IZdPxm
