At some moment in time after i read an endless stream of books about buying shares and playing some virtual money ( losing most of them), i decided to buy some. What i learn? First i learn that when you want to invest on long term, day trading is not good. The fees will just eat away all your profit, doesn't matter how good are you. Then i learn that is always easier to buy them yourself without hiring some clever bloke from the bank to advice you, and nowadays you can use an online platform without any trust issues. Then i learn that is better to buy mutual funds instead of individual shares. Then i found that you can buy aiming for a good dividend, in this case you do not care too much about the price fluctuation of the share as long as you get your money every year. Or you can buy aiming for an increase of the price of the share, in this case is irrelevant if the company is paying dividends or not. Then i found that mutual funds can have different fees, and a diference of only 2% in the fee level can eat away as much as 20% of your profit over the years. Luckily for us, we have now tracker funds, with shares that sell only for a minimal fee. And between the best of them i consider the ones from Vanguard, Blackrock and Unicorn.
What is the next step? Define your savings amount. Save automatically very month. Choose 3-4 equity trackers and 1-2 bonds mutual funds. Save as your life depends of it ( funny thing, this last words are not a joke at all ). Few years later you will thank me.
P.S. At the moment shares, bonds and mutual funds are only around 60% of my porfolio, as you read and learn more you will find many other sources of income. But this is a story for another day. Good luck and strong will!
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