If the issue is because your USD account is located in Hungary you could try opening a USD account using Wise and then do the USD to HUF transfer with them. I've not done anything like this myself but their website seems to show it's possible at least. Might be worth googling to see if anyone's had success this way?

Edit: didn't see your chat with them before posting, sounds like they're saying they'll only pay out HUF for you regardless. That sucks

At your age, imho the best way to use money to 'leave a dreadful job someday' would be to invest it in yourself. With that I mean using it for training / study purposes to land yourself a better job.

At your age I took (paid) courses on freelancing, salary negotiations, etc. I also read a shitton of books to gain both hard and soft-skills. While your time is probably the most restricted asset, money could be useful to get to the good stuff quicker. I know many of these things can be found for free, but sometimes diplomas are just a necessity to start in a new field.

But seriously... life is to short to not at least somewhat enjoy work.

Sometimes all it takes to enjoy a job is simply doing the same thing in a better environment, sometimes it requires new skills that can be easily acquired through training, sometimes it requires finding an entirely new career path.

Find out what you do like about your job and see how you can have more of that. And I'm saying this as someone who's saving up for early retirement at some point in the future. I enjoy my job... I just enjoy doing other things more.

Edit: Here's two books to get you started. I'd say either get them from the library, or use 0.2% of your savings to just buy them ;-)

• General life advice on how to 'work with people' (a.k.a. influence them) : How to win friends and influence people, this book is old, but contains lots of wisdom still applicable today. This book is probably the most influential book I've read and it probably helped me more in my career than I can even imagine. My only regret is not picking it up five to ten years earlier.
  
• What motivates people: I liked Drive by Daniel Pink. To me it's mostly 'common knowledge' by now... but if you don't know what motivates you, it'll probably help.

US link for those of which the UK link does not work.

With eToro you are buying the real stock aswell. They used to be CFD only but with major markets like NASDAQ, DAX, FTSE etc. it's the real stock see https://www.etoro.com/customer-service/help/1430804/what-do-i-purchase-when-i-open-a-position-on-etoro/

They have restricted buying $GME on thursday aswell but removed the restrictions on Friday.

Here you go

Here you go!

​

A review would be appreciated :D

10x is really crazy

The conservative value that is likely to be achievable with low risk is 7% per year, as that is the average increase of the market for the last decades

And even that isn't risk free

https://www.amazon.com/Little-Book-Common-Sense-Investing/dp/0470102101

This might be a good starting point to manage your expectations

And just because it has a average if 7% per year, that accounts for years that are very much above 7% and years that go into negative values

Nothing guarantees that you won't invest your money and immediately lose most of it

It'll be easier for you to earn 1800 for your mother than 2000

Leave the investing for something that can wait more than a few months

Since end of June 2020, n26 has partnered with TW for foreign transfers https://n26.com/de-de/blog/transferwise-auslandsueberweisungen-leicht-gemacht

I‘m an N26 customer in Germany. And I also have a separate TW account for foreign exchanges/transfers.

IIRC, between Revolut & Transferwise, there‘s little difference in end product of foreign currency transfers, except the tiny difference in fees (on certain days, Revolut is free up to a certain limit) and IIRC as well, Revolut has the upper hand with larger transfers, like €10k stuff, but I could be imagining that one...

My end opinion here would be, skip everything and just use TW.

When I was looking for a prepaid card a few years ago, Skrill was looking pretty good and it has worked perfectly for me since with the annual fee (€10,-) as the main drawback. However I just Googled again and the Net+ Prepaid card seems to be pretty attractive as well, and claims to have no annual fee at all.

Both are MasterCard, and can be charged using iDeal for no additional fee.

Edit: It seems the Net+ one does charge a fee if you want a physical card* but a "virtual card" (just for online shopping I'm assuming) is free.

* €10,- shipping/handling to send it to you, not sure how often but presumably only once every few years at most, when it expires.

I don't think they are... https://wise.com/help/articles/2949821/is-it-safe-to-keep-money-in-my-wise-account#:~:text=Wise%20doesn't%20protect%20your,Deposit%20Insurance%20Corporation%20(FDIC).&text=Instead%2C%20we%20use%20safeguarding%20to%20protect%20100%25%20of%20you....

https://www.amazon.it/Rock-Your-Finance-European-Millennials-ebook/dp/B096PJ34ZQ/ref=sr_1_1?__mk_it_IT=%C3%85M%C3%85%C5%BD%C3%95%C3%91&dchild=1&keywords=Rock+Your+Finance%3A+The+European+Millennial%27s+Guide+to+the+Personal+Finance+Galaxy&...

Download the bunq app on your smartphone and try if that app satisfies you. It's a Dutch bank license, and SEPA transfers should be fast and free. Alternatively, you could try the German N26. Similar concept.

Hi!

I am from Spain too, and I would say that nowadays we have access to pretty much everything that's available in the US (except tax-exempt accounts). I would suggest you start by deciding whether you want to be a passive investor (buying a diversified portfolio of ETFs) or an active one (picking particular stocks/bonds on your own). For starters, reading 'A Random Walk Down Wall Street' would be useful as it presents both perspectives with some detail.

Banks will very likely rip you off, the cost structure of the different funds offered at the main banks (Santander, BBVA) don't make a lot of sense in my opinion. There are, however, a couple of online brokerages that will charge little to no commissions when buying ETFs/stocks.

Also, some friends and I created an investment club for people that want to learn how to invest. We are from Madrid, but we do everything online and anyone can join, so feel free to drop a PM if you're interested.

I think you should research a bit more before committing money to a decision you might regret.

"Bogleheads Guide to Investing" and "A Random Walk Down Wall Street" are great to begin with. They are from a US perspective but the principles are the same.

So if there's no way to downgrade your Dutch bank account into a fee-free version, it doesn't make sense to keep it. Instead, open a free Euro account with a German bank like DKB (well-established) or N26 (relatively new, app-only). That way you still have an account in your home currency, and since SEPA transfers are free, your can then transfer the remaining money from your Dutch account to the new German one.

If you need recommendations for your Swiss bank account, let me know.

- Newspaper Local (6 euro a month)

- The Guardian (5 euro a month)

- London Review of Book (8 euro a month)

- Wired (3 euro a month)

- Pocket (4 euro a month)

- VPN (4 euro a month)

- Write.As instance (8 euro a month)

- Patreon (mostly dnd related) (7 euro a month)

- D&D Beyond (can't remember, was a sweat deal for first year, 3,50 a month?)

- Babbel+ (4 euro a month and I should really use it more)

- e/os 64GB account (nextcloud instance run by de-googled android foundation) (4 euro a month)

- There is like 30 euro in monthly donations to the Gnome Foundation, Mozilla, EFF, Wikipedia etc.
- 20 euro a month to local environmental charities.

I know it comes across as a lot and I don't utilise everything to the max. But I kind of like being able to pay for people's work and contributions. After leeching of the FOSS community during undergrad, grad and PhD, I wanted to repay.

(The biggest drain is 300 euro in student loan repayments, but I match it in ETF purchases ;) )

Remember that eToro will take:

1. 0.5% conversion fee when you deposit from € to $
2. 0.5% conversion fee when you widthdraw from $ to €

https://www.etoro.com/trading/fees/#others (Conversion Fees)

​

To avoid this, people suggested:

• deposit in $ to your PayPal account, use PayPal to deposit money to eToro (check PayPal conversion fees if there are any)
• deposit money to eToro with Revolut

Im 99% sure all eu brokers let you buy us stocks... The setback regarding us etfs is the EU PRIIPS directive from 1-Jan-2018 which demands that an etf has KIID available before its sold to eu retail investors. You could buy us etfs in europe before that and you've always been able to get us stocks from europe.

As for etoro, they used to be a cfd only broker till somr point i think 2018 or early 2019 but nowadays offer wide range of underlyings

https://www.etoro.com/customer-service/help/1281273772/what-do-i-purchase-when-i-buy-stocks-on-etoro/

If you only plan on putting "some euro" in the N26 Invest, take a closer look at the fees and compare to different banks (https://n26.com/n26-invest/). You can avoid this ~1% fee if you set up an ETF plan yourself.

It's also worth noting that N26 Invest is being handled by Vaamo (vaamo.de).

Sure they are saying that.. they are trying to make you believe that this is not their fault. If they want you to get your money in USD without exchanging then they would still accept Wise.com transfers and any other. Don't let them to make you fule.. my country do accept foreign currencies to the banks without currency changes if you have deviza accounts.

Yeah, wise is really changing the fx fee market. I regularly swap EUR to USD and save about 4-6x using Wise over any ‘normal’ bank option.

Shameless fan posting my invite link so you can get a fee-free transfer too.

Voila

Give this a try and let me know if it works :)

All information is available online, but I like books, because they are structured. I read this book and I think it covers all basics you must know. It's short and doesn't go too deep into details. I think it (or something similar) can be a good start for you.

Renting and investing the leftovers makes sense, and according to a book [1] you'll end up with a higher net worth in most cases, given you keep the same saving discipline as if you were paying off a mortgage.

I really recommend reading this book, it calmed me down a lot too, and I'm now a happy renter (also in Munich) for the foreseeable future.

[1] https://www.amazon.de/-/en/Gerd-Kommer/dp/3593501570

Yeah I think Europe is missing a Personal Capital / Mint alternative.

I track net worth in an Excel sheet - rows for each bank account, asset, or loan - and columns by month.

And I track my investment portfolio with the WeBull android app. https://play.google.com/store/apps/details?id=org.dayup.stocks

Heed Lars Kroijer and read his book or Tim Hale's <em>Smarter Investing</em>.

I really recommend Smarter Investing, even though it's aimed at a UK-resident audience - it explains really well the universal principles of investing.

I'm not sure that it makes sense to buy in Germany - we Brits have a prejudice towards property, because it's tangible and we can see it, and therefore people think they understand it.

In the UK the majority of houses are freehold, but flats are leasehold and the leaseholder may own part of the freehold or pay the freeholder a ground rent. What is the German equivalent, and how does it affect your total cost of ownership? Considering the cost of maintenance, will owning a property be cheaper than renting? How long do you have to live there before it becomes so?

Keep an emergency fund for 3 to 6 months of expenses or even more depending on your job stability and responsibilities. Plan your goals for the short term, mid term and long term and get to know how much money you can add each month to each goal to meet the expected amounts at the right time.

Any money that you are not going to need in 10 years can go into stocks and bonds. Find a proper allocation for your risk tolerance (e. g. half and half or a variable percentage relative to your age plus or minus a constant). Have a quick look at the risk tolerance test of Indexa Capital to get a first idea. No need to open an account.

Beware of banks offering any mutual funds or pension plans and especially any product that you don't understand. I would even turn down advice from a friend suggesting particular stocks or cryptocurrencies.

Educate yourself and find the right tools for you and your context. For example, in Spain, I would suggest index funds over ETFs for tax reasons when rebalancing your portfolio. You can find Vanguard index funds at BNP.

Hope these resources might help: https://www.bogleheads.org/wiki/Video:Bogleheads%C2%AE_investment_philosophy

http://www.finanzasparatodos.es/

A Random Walk Down Wall Street, by Burton Gordon Malkiel

Surely! I'm a big fan of A Random Walk Down Wall Street by Burton G.Malkiel, which goes by the title "Un paseo aleatorio por Wall Street". I would suggest reading that first, even if I consider his passive investment argument a bit too dogmatic. Graham/Dodd's books are also considered classics but I find their stuff too dense for beginners.

Hi, go to /r/personalfinance and /r/financialindependence and read the links in the information bar, they have a lot of quite sound advice. A lot of it is US based but you can adapt it to the EU with a bit of research on how it works in your country. The general advice you will find is:

1. Keep 6-months to 1-year's worth of expenses in a savings account. As you're 17, you probably still live with your parents and don't have so many expenses but ask them roughly how much such an amount would be for when you live alone (if you plan to do so). Otherwise, you will need very little money saved that way.

2. Invest the rest in low-cost passive stock index total market funds probably for Europe as Sweden is too small an economy to properly diversify but you will need to have your money in a closely-correlated currency to not lose purchasing power when you draw your money and actually need to use it (hopefully at retirement). Total market stock returns are positive only for the very long-term (20-30 years+) so if you buy index funds have that investment horizon in mind. Through the magic of compound interest, those SEK 100,000 could turn into SEK 1,040,126.96 at a 5% annual interest if you just left it there from17 until 65! (You might obtain a slighlty lower or higher interest rate on average ovee that period). You're too young for bonds and interest rates are at or near 0 so there's no point in putting your money there. You might as well leave it in cash for that.

I imagine being 17 you might not understand most of what I'm telling you (I definitely didn't your age)!

So I recommend you to read up on the things I have told you on the information bars of the subs I have mentioned to you and to find relevant books to read on the above topics.

A couple of interesting books may be The Incredible Shrinking Alpha by Larry Swedroe and The Four Pillars of Investing by William Bernstein.

Hope it helps!

Without a doubt 1Money. Everything you need, way better than any spreadsheet I've used. Easy to use and I almost never forget to add the expenses to it since you can setup reminder notifications. I think it costed a buck to get rid of the ad (which is not even intrusive). It still is the best app I've bought so far.

Expense Manager -https://play.google.com/store/apps/details?id=com.expensemanager

I use it for 3 years to track every expense I make. It doesn't have the best UX interface but has lots of options to define accounts, labels, transfer founds, various charts and ability to connect from PC.

I also like that I am not forced to make an account on some company server for it. All the data is stirred locally in my phone and I make regular backup's.

I have been using money manager (link below) for more than three years now. It is free and quite reliable with a simple interface. You can also download the data as excel and play around off the app.

I tried few apps that I can connect bank account but I prefer manual entry as it gives me more control. What I am lacking is a bit more visualization as I am bit of a data freak myself.

https://play.google.com/store/apps/details?id=com.realbyteapps.moneymanagerfree

Recently uncovered Strikes app, I'm (temporarily) Canada-based but registered with only email, so should be ok in the EU and it's free. It shows upcoming earnings up to 2 weeks ahead, dunno if that's enough for you though

Without more details, it is difficult to say. Everything depends on the chance that the new startup will be successful. Is it well funded? Does it have a great CEO? Do you have rapport with the CEO? Does it have proven product/market fit?

If you are CTO of a successful startup, then your career is golden for the rest of your life. You will go from one CTO job to the next CTO job, or if you decide you want to start your own company, investors will be eager to invest with you.

But of course, most startups are chaotic, badly run, and more than 90% of them fail. And if you are CTO, you will get some of the blame. So what do you think the risk of failure is?

I've mentioned this before on this subreddit, but I was at a very chaotic startup in 2015, and I wrote a book about that which became fairly popular. If you're curious about one case of chaos at a startup, check out How To Destroy A Tech Startup In Three Easy Steps:

https://www.amazon.com/Destroy-Tech-Startup-Easy-Steps/dp/0998997617/

I would start with extending the emergency fund to at least 3 to 4 month's wages with extra savings. That way whatever you invest has a better chance at staying long(er) term in the market. Investing regular amounts - for ex monthly.

In terms of free brokers the choice is limited vs US or UK. Here is some info - its a post about moving away from RH but lists all the options: https://www.reddit.com/r/pennystocks/comments/l8e01q/for_those_looking_to_move_from_robinhood_here_is/ https://www.notion.so/Moving-from-Robinhood-to-another-broker-3fcf510b4a964df584a244c26266c4b7

Join the Pennystock room - has more info on this subject. Check the tax implications and opportunities in your current country of residence. Some, like where i live will tax you on every transaction, but your loss is your loss.

But most important - be patient. What you we now in the market is not ´normal´ so don't expect weekly gains of 20% to be the norm.

Thanks, indeed, there are a lot of bad reviews and horror stories, especially since the change of ownership on trustpilot: https://www.trustpilot.com/review/wise.com

Well it passed so long, I think it was N26 it allows you to pay without conversion fees.

https://n26.com/en-eu/plans

It doesn't allow you to speculate on currency value but it allows you to avoid exchange fees while travelling.

Careful with N26 In Spain, even with an IBAN starting with ES, Hacienda doesn’t like them because they aren’t a collaborative entity https://n26.com/en-es/blog/pay-self-employment-taxes-in-spain-with-n26-business. That was an issue for me being self-employed, but I don’t know if it would affect anyone else with other government related stuff or some other entity.

I am not an expert, but I think it would be saver to keep it in a different currency.

With Wise.com you can open a multi currency account.

So you could open a Lira and a Euro account.

American living in the EU, between a few countries now; Wise.com. Easiest and really quite cheap. You can also hold balances there to distribute when needed. SEPA transfers typically take seconds from Wise to an EU bank as well.

That's a good piece of info, as per https://wise.com/help/articles/2949821/is-it-safe-to-keep-money-in-my-wise-account.

I use Revolut and my parents do too since I recommended it. On the free tier there are some minimal fees once going over the included limit. Right now I could get €119.43 for £100. On Wise.com you’d get €118.44. Revolut has no fees and the only downside is that it’s an app with an account and requires some verification. Wise is more of a one off transaction. Check it out with my link Join me and over 15 million users who love Revolut. Sign up with my link below: https://revolut.com/referral/christ6x9!DEC1AR

I'm not connected to the company in any way but I found YNAB to be the perfect solution for me.

Absolutely amazing. Each month you divide your money in categories and give, as they say, every dollar a job. So you know that you have e.g. 100 euros for entertainment, 100 for groceries etc. You can of course shuffle things around if needed but you never lose overview of what is in the bank/wallet/other accounts.

Unfortunately they switched their model to subscription (I'm still using the older perpetual version) but even with the subscription it's money well spent.

Once the older version stops working I'll switch to the newer version but until then I'll stick to the perpetual license.

&#x200B;

Here's their website

https://www.youneedabudget.com

Well it kinda did, just google Bitcoin , 2017 dec it was at its peak but the following year 2018 in fall season it went down A LOT. The thing is that this asset is actually decentralized from regular fiat money. Aslong as there is internet people are allowed to trade bitcoin with each other.

The only thing that is holding bitcoin back is its appearance that its complicated to use. People actually have to go out and look up how to purchase,(or mine),use and store bitcoin. And there a lot of things even i dont understand. But one thing is clear: bitcoin is something to look forward to into the future and i do recommend maybe putting atleast 5-10% of the money you save monthly into bitcoin. Buy any cheap hardware wallet(trezor or ledger(coldwallet if u wanna be really safe but thats a bit more for people who plan on investing A LOT into solely bitcoin)) and a safe (to store the seed code in which is basically a backup which restores your current hardware wallet).

Some stores(more are always coming) accept bitcoin as a payment method.

If you are still unsure i can recommend trying out bat, its a crypto that is being paid for using the brave browser that has an inbuild adblock and will only show you their ads(optional). You can use bat to tip youtube,twitter,reddit users (my referal code https://brave.com/lor247) and uphold to cash out(soon prob coinbase is coming).

If you have questions where to buy and where/how to exchange cryptos feel free to hit me up with a follow up question or a pm!

Oops... RH was known for its services earlier but can't see that now- There are so many negative reviews in terms of their services. You can check to see the reviews here:

https://www.trustpilot.com/review/robinhood.com

I would rather suggest you consider brokers like FXview, Oanda, IG groups, and Hotforex. They are renowned names of the trading industry, who are known for providing the best services to the traders all across the globe.

Tio,

I've been in your shoes. A boomer on MySpace (imagine who long ago it was) told me to read this book: https://www.amazon.es/Where-Are-Customers-Yachts-Investment/dp/0471770892 a long time ago

Title = Where Are the Customers' Yachts? or A Good Hard Look at Wall Street: 32 (Wiley Investment Classics) Tapa blanda – 22 diciembre 2005 - It was written in 1940 (I shit you not!)

It's an amazing book and it is was eye opener for me. Those "private bankers" have THEIR best interest at heart...regardless of what they may swear to or even sign. Don't be fooled. Listen to what they say, take notes, ask for materials to read. Don't rush into anything until AFTER you've read the book.

Recuerda: "Paso corto, vista larga, y mucha mala leche"

PS. You can google for the pdf version if you are in a hurry and need it before your physical copy arrives.

Have you tried BNC Pro yet?
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Check out a schwab checking account. No foreign transaction fees, no foreign atm fees, etc.

I live in Spain as well and it’s super convenient for living abroad

https://www.schwab.com/checking-account-faqs

Thanks for the recommendation! I'm currently in search of a budgeting app and two I've seen recommended recently are Actual and Buckets. I'll take a look at that one too.

N26 is a great one I am using since my student years as my allowance bank. It makes payments easy with integrated tech, transfers between friends are super easy and best of all it has absolutely no charges for banking especially cash withdrawals or card payment when we were able to travel between countries even continents :’))

N26 opens accounts for residents of Malta and offers something called shared spaces. I don't know whether a debit card can spend directly from a shared space.

It's important to note that these are not true joint accounts: While everyone with access to the space has access to the money, only the creator of the space is legally the owner. For most use cases including yours that's likely not a problem, just something to be aware of.

You can open many bank accounts online like n26. Much better than any of the traditional banks, no transaction fees, real exchange rate and your still covered up to 100k. Use my code for a free card. https://n26.com/r/cillians1254 P. S. You might reach your goal faster if you invest your savings somewhere instead of leaving them depreciate in a bank.

Just go to: https://n26.com/en-eu

Simply register. Have a chat with an Indian guy who is gonna confirm your indentity and you are good to go.

Short: Open an trading212 account. Buy the vanguard all world FTSE (vwce). (you will mostly find people suggesting to buy MSCI world and Emerging markets - Vanguard vwce is the combination of both)

Long: https://www.reddit.com/r/eupersonalfinance/comments/en56ia/best_etfs_to_invest_as_a_27_year_old/

Can you check if these numbers look correct to you, using this simulator from wise: https://wise.com/gb/pricing/receive?source=USD&amp;target=USD&amp;payInMethod=RECEIVE\_BANK\_TRANSFER&amp;sourceAmount=5000
For a scenario of me receiving 5000$:
Receive $ with ACH: 0€
Convert (I believe inside Wise personal account): 20,91 (0 fix rate, 0.42% variable rate)
Send money in € to local Portuguese bank account: 0.28€ (fix rate)
Is this correct? And should Revolut be cheaper with the free subscription?

They know, my boss just sent me the generic form (he's not from the finance department, I'm not even sure if he's aware of this sort of stuff). I'm just studying my options. I believe it would happen the same than in my previous company early on: if I just tell them the swift code from an EU IBAN, they would gladly pay half the fee from the transfer, doesn't really matters to them, but it matters to me. I came up with the Revolut solution that made both parties not pay a penny, just looking to know if the same can be replicated.

For now I also came to that conclusion regarding Wise (being the only option for ACH but having those fees for moving money). I'm really debating between Wise through ACH or just Revolut through swift code and me and the company pay the fee 50/50. Can you check if these numbers look correct to you, using this simulator from wise: https://wise.com/gb/pricing/receive?source=USD&amp;target=USD&amp;payInMethod=RECEIVE\_BANK\_TRANSFER&amp;sourceAmount=5000

For a scenario of me receiving 5000$:
Receive $ with ACH: 0€
Convert (I believe inside Wise personal account): 20,91 (0 fix rate, 0.42% variable rate)
Send money in € to local Portuguese bank account: 0.28€ (fix rate)

Is this correct? And should Revolut be cheaper with the free subscription?

Revolut allows you to open a bank account with a valid IBAN and BIC if your are a resident of the European Economic Area (that includes australia canada etc)

It's free for a basic account and you get a debit card send out to your address.

Banking is all done through your Revolut App on your phone.

What countries are supported?

We are currently only supporting legal residents of the European Economic Area (EEA), Australia, Canada, Singapore, Switzerland, Japan and the United States.

&#x200B;

If you do decide to sign up with Revolut, consider me as a referral:https://revolut.com/referral/sjonghjnrj!20210121s

I get a wholesome 7 Euro for it !

Mobile data: 10€/month

Mullvad vpn: 5€/month

Bitwarden password manager: 10€/year

University membership: 10€/semester

Scouting membership: 18€/semester

Municipal housing queue: 20€/year

-Netflix -Disney+ -HBO Max -Spotify -NordVPN -Fitbit -OBOS (property building company, gives you the option to buy a house/apartment before people without it.)

My mom and sister has two other Norwegian streaming services that I use as well. I’m planning on cancelling Disney+ because I don’t use it that much.

Depending on your broker, you may have access to mechanisms that are similar to sector ETFs, but with no TER.

For example, eToro have copy portfolios. An equivalent to the ETF you mentioned would be their Renewable Energy Copy Portfolio.

Trading 212 have a whole section of investing pies dedicated to EV & Green Energy space.

At eToro, zero commission means no broker fee has been added when trading a stock. We have no hidden fees (all fees are listed on our market hours and fees page)
https://www.etoro.com/trading/market-hours-fees/

I have been on the same point as you u/TheEskhaton.
My current broker (Degiro), doesn't have an ETF for Physical gold and Etoro does.

I don't want leverage, so I searched about the fees and seems they do not have fees.
https://www.etoro.com/trading/market-hours-fees/?category=etfs
You have fees, only if you use CFD/Leverage, things that I don't want.

Is it food for long-term investment?
I would believe that they are the cheapest option if you cannot use Degiro because IB it is too expensive, at least for me.

&#x200B;

I will invest next month on eToro, but only 300 euros to buy ETFs, but my Degiro account will still be my main broker for now.

>Can't seem to find the exact one you're mentioning, but I have bought SWDA.L which seems to be the same thing (not sure if I'm correct here, still very new to this).

>
>Etoro has a fixed spread fee 0.09% and no other management fees. No fees for long term holding of anything non-leveraged, but they have a relatively high withdrawal fee (at least for me) of 25$ and they also have a fee on currency conversion - https://www.etoro.com/trading/market-hours-fees/?category=etfs

You seem to be correct according ETORO, see below (I also use their platform, it's quite good actually). 😎

https://www.etoro.com/customer-service/help/1281273772/what-do-i-purchase-when-i-buy-stocks-on-etoro/

Good question, maybe they found some kind of legal loophole.

Personally I think this PRIIPs rule is 100% retarded... For real, the European Union bureaucrats "protect" the investors from the world biggest and best performing ETFs by banning their purchase, WTF????? I'm generally quite pro-EU (usually it's good for business, travel, societies), ,but this is a very dumb financial rule.

Look how "bad" they are performing, LOL: https://finviz.com/map.ashx?t=etf&amp;st=ytd

It does not have bank connectivity (as far as I know, although I'm not interested on that), but I'm very happy with Actual. Great UX, available on every platform (including Linux), focused on privacy, and the pricing is very reasonable.

https://actualbudget.com

I'm currently using Moneylover.me but they don't integrate with EU banks. Wallet got my attention because of that.

Can they integrate with multiple accounts from the same bank? Like me and my wife, both separate accounts from the same bank/country?

Tried MoneyWiz for Android. Could compare it to budgetbakers.com's Wallet, which I also installed today.

First, I like Wallet's interface more, it looks a bit more polished.

The other thing which I noticed immediately is the quality of the expenses auto-categorization algorithm. Wallet failed to identify only 4 transactions in last 3 months (which all were made using PayPal), while MoneyWiz failed to categorize even Albert Heijn groceries purchases.

Wallet's reports are also more informative to me.

Of course, to make a proper comparison, I have to use both apps for at least several weeks, but think the first impression is also worth a share.

That is being said, seems like I'll stick with Wallet for now.

hi friends from reddit,

Use my referral code and you'll earn €30. All you have to do is use your new N26 card to make a purchase. free physical card.

i will send you +5€ to your n26 account after i received the bonus. (pm me after using my code)

Use miguelc6263.

https://n26.com/r/miguelc6263

hi friends from reddit,

Use my referral code and you'll earn €30. All you have to do is use your new N26 card to make a purchase. free physical card.

i will send you +5€ to your n26 account after i received the bonus. (pm me after using my code)

Use miguelc6263.

https://n26.com/r/miguelc6263

Thanks for your reply! It might be indeed a hasty conclusion, but not one I just made based solely looking at the "final" number. For the past two years, I anxiously looked at my portfolio on an almost daily basis (yes, I really am paranoid) and it almost never went above 1.50-2% gains, which is barely a couple hundred euros, and those are then mostly "spent" on bank fees.

As for savings account, the best interest I can get through my bank is approximately 0.8%, up to 1.25% if I decide to lock it for a rather lengthy period of time (72 months if I recall correctly). I don't think that would even match inflation.

Finally, I don't exactly know which bonds/stocks are being picked and have no control over it. I don't know if I'm allowed to share a link here, but here's an overview of the system I use: https://n26.com/en-de/invest

Check fiverr.com to get some idea of what others are doing for some extra $$$. You can do something like surveys, data entry, Virtual Assistant (VA, but you should work on your English). Learn platforms like shopify, where you can design sites without actually having webdesigner skills. There is plenty of fish in the sea, you will be fine as long as you keep looking!

Transferwise (Wise). It lets you create an online account with which you can send money abroad or get paid in other currencies, and spend abroad on their Wise debit card (which is free btw). Super convenient if you plan to travel to different countries too. It is based in London, you can check it our here.

Shameless plug: If you sign up you can use my invite link . If not, either way, it’s still super useful as normal banks charge a crazy amount in fees for the same service.

Starling does need proof of residency to mail out the card. Lloyds does have an offshore Isle of Mann (different regulations) option but it expensive.

Another alternative is Wise (formerly TransferWise). You won't need a UK address and you get the banking details that can get a salary paid into. They also have a debit card. https://wise.com/invite/aed/kevinc332

I did try doing so ("Send USD" option in TransferWise - see scenario b)); but never went through and did it because of this prompt:

" To send USD outside the US, we need to use the SWIFT network. It’s more expensive and slower, so it costs $3.2 extra and the transfer might take a day or two longer. Also note that intermediary banks and your recipient’s bank might charge extra fees. Learn more. "

For 1000 USD it's 1.05 TransferWise fee + 3.2 "extra" + the intermediary bank fee. Not sure how much it is; but i would like to avoid it.

Converting USD to EUR is very simple with Revolut, a fintech online bank, and you get a great exchange rate within their app (better than any local bank). You can even get separate accounts with them for every currency and setup automatic exchanges.

I am not affiliated with them at all, just a pleased user of Revolut since 1.5 years. But if you do want to signup, I would appreciate using this link.

GnuCash. You can get it in app form and run it on your desktop. It's an actual, full fledged accounting software, even if you are just an individual it works perfectly.

Check the manual if it feels daunting.

There you go: https://workspace.google.com/terms/2013/1/premier_terms.html

> 1.2 No ads. Notwithstanding any other term of the Agreement, Google will not process the Customer Data for Advertising purposes or serve Advertising in the Services.

Please remember this is for Google Workplace, not just paying for Google Drive for a personal GMail account.

https://www.amazon.co.uk/Rock-Your-Finance-European-Millennials-ebook/dp/B096PJ34ZQ/?_encoding=UTF8&amp;pf_rd_p=79102d3e-5d25-435b-8ad4-7da72062375f&amp;pd_rd_wg=SCMHu&amp;pf_rd_r=N8REFFZPA0T42TBTARDG&amp;pd_rd_w=0MwTZ&amp;pd_rd_r=7d8d8a98-883c-4b...

Shameless plug 😂

But jokes aside, I found Wolf of Harcourt Street very insightful to understand the reasoning behind buying certain stocks. Lots of good stuff there if you want to get started. As a book, I think 'How to Pick Quality Shares' was also really helpful 💪

I think you should buy this book and read it cover to cover.

https://www.amazon.com/Smarter-Investing-Financial-Times-Hale/dp/0273785370

It will give you confidence to invest your money appropriately.

It is this one: https://play.google.com/store/apps/details?id=com.abnamro.grip

It works only with a few Dutch banks but the app is much better than I was expecting when I downloaded it, it requires really little input by the user

no, actually it's the only investment strategy that works in a long term. Don't be illusioned by the short term gains because it tends to move to mean anyway after some time. I would recommend buying this book in German https://www.amazon.de/-/en/John-C-Bogle/dp/3959721323#ace-5838072839 I wish I had done this sooner(I've read engilish version) instead of following random advice on reddit( which was terrible)

good luck in your investment journey!

I am using Toshl Finance: https://play.google.com/store/apps/details?id=com.thirdframestudios.android.expensoor&amp;hl=sl&amp;gl=US

I use iSaveMoney and I am really happy. The premium version is a one time purchase so the value is great. There's quite a lot of features, so I'll just list my favourite: Different types of financial accounts (checking, debit, credit, etc), recurring transactions for automation and data visualisation.

App looks nice. Years ago I was looking for a simple tracking app like this and eventually I settled for Wallet app which definitely grew over the years.

I live in Germany and use this one:

https://play.google.com/store/apps/details?id=com.realbyteapps.moneymanagerfree

No fancy graphs etc. And also no bank connection. But reliable and easy to use, has a function to import data to excel. Would switch to another app only if it is possible to connect N26.

You can try also https://play.google.com/store/apps/details?id=it.webxperience and potentially asking to the author to implement the missing part.

Hey there,

I am using money dashboard:

• direct integration with banks (at the moment just with UK banks)
• budgeting functionality
• categorize spending
• web browser version

https://play.google.com/store/apps/details?id=com.mdb.mdbandroid

hope it helps.

If you're resident in the UK then any dividends paid by your investments, or any profits made from price appreciation (capital gains) when you sell them, will be taxable.

If you're UK resident that's true wherever in the world your funds are.

So if you plan to live longterm in the UK the best thing to do is put the money in an ISA. You can put in £20,000 a year (and it looks like you will be resident in this tax year) - the remainder will have to be held in a taxable brokerage account (I'd guess iWeb is probably the cheapest) and then sell £20,000 worth of stock each year to bed-and-breakfast it into your ISA.

If you converted your money from £ to € out of fear of Brexit then that was a mistake - but not the worst one someone in your position could possibly have made - and I hope you've learned a lesson from it. Understand fully what you're doing before you do it! Start reading books now! I recommend Tim Hale's <em>Smarter Investing</em>.

I have just released a dirt cheap Ebook on Amazon that details how to specifically search for ONLY the best penny stock plays and take advantage of zero commissions brokers with small accounts of just $100 or more and grow it tenfold.

The book is cheap and I go into detail in a very simple manner that even beginners understand it well. Feel free to check it out if you think it would be a right fit for you. If not, that's fine too. I'm here to answer any of your newbie related questions free of charge.

My Ebook

Despite occasionally recommending it - which I do because <em>Smarter Investing</em> is quite UK focussed, and I don't know what else to suggest for EU investors - I haven't read this book.

ETF's can track the index, and it looks like many of the SPDR funds do. Many ETFs here in the UK and EU are very cheap.

In some countries it can be quite expensive to hold shares - I don't know about the US, but I think in Singapore you'd quite regularly pay 1% to buy a fund and 0.5% annual custody fees, or even more than that.

The only thing that makes sense to me is that Bogle considers their exchange-traded nature to facilitate panic selling - maybe there are more barriers to selling regular mutual funds?

I wouldn't get too hung up on it. ETFs are perfectly suitable for longterm investing - the part that you've bolded, buy-and-hold for the longterm, has got it right.

Note: close-ended funds (sometimes called "investment trusts" in the UK) can trade at a discount or premium to the underlying value of the assets. Look for NAV ("net asset value" - I think it's usually expressed as a percentage) on the listing. Trackers of major indexes will not be closed-ended - it's suitable for small-cap and smaller markets, where the underlying assets are not very liquid and asset managers don't want to have to sell every time a retail investor gets cold feet.

DKB is one of the worst banks I ever used. They have shitty apps, a shitty website, shitty customer support and shitty security practices (=restrictive, but not more secure than others). I wouldn't touch DKB with a stick anymore, even if they paid me like 20 EUR/month to use their service. Seriously, fuck them!

Edit: Just to show that I'm not joking, have a look at their Android app ratings. It's a total shit show.

> It is great. Is that what you wanted to hear? ;)

Lol, yeah, actually I was looking for an honest opinion. Basically I'm just getting started with investing, which means I started reading about it. I read A Random Walk Down Wall Street and am also listening to the Tiingo podcast. I also plan on reading the Bogleheads guide.

What I want to do is invest mainly in index funds and some bonds. I still have to figure this out, though. And what I want to know is, are the fees OK at comdirect? Is it easy to use? Do they have competent advisors? And lastly, should I actually consult a broker before getting started?

My mistake as a newby was to pay off my student debt (good) and when that was done, spend everything I earned and a bit more. Three years later I found myself with the same amount of debt as before. That was my wake-up call because it was quite ridiculous.

I would advise to

A. Not spend everything you earn, or more.

B. Make a plan. Make at least a rough plan on what you have to and want to do with that income. Doesn't need to be detailed to the penny, but estimates will already show you whether your plans are feasible or impossible.

C. Keep track of your spending and of whether you're reaching some goals. For example, if one of your goals was to save 500 pounds per month and after 5 months you only find 1800 in your savings account, something's wrong.

For books, I would go to the library. Sample several, and read a few that seem to have decent advice, tailored to the UK situation. I would advise Your Money or Your Life, but I do think that that's tailored to the US situation (no idea whether there's an adapted UK version), so the retirement savings and health care costs advices in that book could be a bit off. Still, if you can ignore some parts I think it has valuable lessons in it.

A book I'd recommend.

My favourite is an Android app Money Lover. You can set up multiple "wallets"to track different currencies and transfer between them. Also great for generally categorising expenses.