Entering work life is an exciting new step in life and more importantly for many, the first time to earn more money than one would need. Of course this depends on the country where one works and the job one has, however this aspect is a topic for a different post.
With this new income, one could spend it all, sure. However, that is probably the least respondible thing one might do. It is generally known that the state funded retirement will not suffice to maintain the living standard one enjoyed during the working years. Therefore, it is essential to save money to close that retirement gap. But how? Should one buy shares of companies, save for a flat or go into crypto?
Well, one of the best ways to do so is investing into Exchange Traded Funds with a buy and hold or passive strategy. This approach has shown to yield positive returns over long periods of time and outperform in 90% of cases active investment strategies. The buy and hold investor aims to match the market whereas the active investor tries to beat it. Since in most of the cases, the buy and hold investor yields more than the active one and requires less time and effort to do so, the buy and hold strategy with ETFs is the preferred approach.
Therefore this blog post discusses:
- Exchange Traded Funds (ETFs)
- Portfolio Management with ETFs
This post is largely based on the books
Exchange Traded Funds (ETFs)
write down the regulations