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My way (Spain)
Old 03-15-2019, 05:55 AM   #1
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My way (Spain)

Following some other examples I have previously seen in this forum, I will write ocasionally some posts about where I am in my journey (started in Spain)

- June 2018:
Age = 25 years old
Cash ≈ 12k
Debt = 0
Home Costs = 0

- May 2019:
Cash ≈ 19k
Salary increment ≈ 20% (august 2018)
Debt = 0
Evaluating options to rent an apartment close to where I work. And investment options.
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Old 03-15-2019, 06:11 AM   #2
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Sources of income for both cases are the same: my current job. I am thinking about possible changes due to future increments in costs (home and others).

Current costs ≈ 30% of current wage.
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Old 03-15-2019, 09:20 AM   #3
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Good job keeping costs low relative to your income. What investments are you considering? I'm not very familiar with your options in Spain personally, but some here may have some suggestions.
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Old 03-16-2019, 02:19 PM   #4
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Having in mind that I currently have a small amount to invest, I was thinking that probably going for low cost but diversified options could be more interesting. Some exemples: ETFs (maybe related to S&P 500, DAX and MSCI World). Then I am not sure about which is the best way to invest in sustainability driven companies (IIC?). What I have more doubts is: which fixed income instruments can be attractive (specially having in mind the current state of inflation in Europe).

What I have been told is to try to manage portfolio having in mind the expenses that might come. Which I read as the sooner I may need a certain amount, the less riskier should be the type of investment of that amount. I understand that in theory I should change it as well according to the market situation (but I am not quite sure on this last one).

Being honest with myself I don't have much knowledge a part from a couple of books, I have read. I tried talking with some financial advisors but the offers they displayed where not much attractive (specially high in costs and low in returns). Which in part makes me think that I will have to do it on my own, so any advice (reading resources or other) is welcomed. I understand that caution is important, so I'll try to be as much informed as I can.

Currently I am trying to search for platforms that could give me a generous exposure to diferent instruments and allow me to invest with low costs.
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Old Today, 10:38 AM   #5
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Your asset allocation shouldn't be changed based on "market situation", but should be set such that your risk tolerance is acceptable with that allocation regardless of the market performance at any given time. If you're comfortable with wider swings as the market goes up and down and will weather those bad times, then a more aggressive allocation (higher equities, fewer fixed income instruments) is generally better. While if you are more skittish when bad days come around, then a less aggressive allocation is generally better (to minimize the downturn in value during negative market return periods, even though it also reduces potential upside during positive market return periods).

I'd recommend you read the boglehead "getting started" wiki as a nice resource to learn more about investing and allocation methods.
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