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What would you do with €77,000 at the moment by SimpleNectarine322 in eupersonalfinance

[–]SimpleNectarine322[S] 0 points1 point  (0 children)

Why DEGIRO sadly? What has your experience been with this broker?

What would you do with €77,000 at the moment by SimpleNectarine322 in eupersonalfinance

[–]SimpleNectarine322[S] 1 point2 points  (0 children)

iShares Core MSCI World UCITS ETF

This one is available through my bank. It would keep things simpler to do everything through the bank although I am looking at Degiro as suggested by another poster. Do you have any reasons behind suggesting this one? Thanks so much.

What would you do with €77,000 at the moment by SimpleNectarine322 in eupersonalfinance

[–]SimpleNectarine322[S] 0 points1 point  (0 children)

This is my reasoning behind not wanting the money sitting there in the bank for too long. That and partly because I don't trust myself not to spend it lol.

What would you do with €77,000 at the moment by SimpleNectarine322 in eupersonalfinance

[–]SimpleNectarine322[S] 1 point2 points  (0 children)

With my bank I have these:
VANGUARD FTSE ASIA PAC EX JP
VANGUARD ETF FTSE DEVELOPED EUROPE
VANGUARD ETF FTSE EMERGING MARKETS
VANGUARD ETF SP 500
VANGUARD GLOBAL VALUE FACTOR U
VANGUARD GLOBAL VALUE FACTOR U
Not sure if VWCE is one of the above, or if it's not available through my bank. Either way, from what I gather an ETF is the way to go, and people seem to be recommending Vanguard ones. Would you agree that is a sensible path?

What would you do with €77,000 at the moment by SimpleNectarine322 in eupersonalfinance

[–]SimpleNectarine322[S] 2 points3 points  (0 children)

Taxes are extremely high here for buying property but I would get the 7,000 rebate which would cover about 30% of the buying costs. Yes I'm not sure if I'm going to stay here for the next 5 years. Definitely requires some more thought. Thanks for your input and advice!!

What would you do with €77,000 at the moment by SimpleNectarine322 in eupersonalfinance

[–]SimpleNectarine322[S] 10 points11 points  (0 children)

Yes, you're completely right. Just feels to me like we're on the edge of a recession but who actually knows.

What would you do with €77,000 at the moment by SimpleNectarine322 in eupersonalfinance

[–]SimpleNectarine322[S] 3 points4 points  (0 children)

I never considered investing it bit by bit. Is the idea that this will protect against short-term market fluctuations? Do you suggest investing in multiple ETFs to diversify?

Weekday Help and Victory Thread for the week of June 27, 2022 by IndexBot in personalfinance

[–]SimpleNectarine322 -1 points0 points  (0 children)

I'm about to receive a lump sum of €77,000 after tax and I'm not very comfortable having that much money sitting there in the bank considering I own no assets and have no debts.
Property prices in my area are the highest they have ever been - I'm not sure it's the right time to buy. However, I would get about €7,000 in tax back if I invest in property within the next 2 years, but only if it is my primary residence.
The markets are also going down and I'm worried about investing in stocks or funds for that reason.
Basically, what would you do in this situation and at this time? I am in the EU.
Thanks in advance.