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I earned some money from a startup of mine which ceased to exist 2 years ago. My current level of income is near zero (I'm studying in uni) except for a few hundred bucks each month from a small business of mine. (I stopped taking allowance from my parents quite some time back)
I have a medium risk appetite and am willing to put in the time and effort to learn about the stocks market. I'm open to low-risk ETFs as well that I can stash my money in and focus on my studies and personal life.
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Super idea (ETFs), after having no debt and set aside some form of an emergency fund,
get some ideas (particularly on what surely not to do) here:
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Just Being Ernest
13 May 2020
Content Creator at www.youtube.com/c/JustBeingErnest
Can consider going for investment courses to learn about investment.
helps greatly to know how to look at companies and how to invest.
otherwise low cost ETF is also good, give you market returns
I make videos about interesting stuff at youtube here
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1) Budgeting
Look at your current expenses and try to cut them as much as possible! This way, you will have more spare cash which will serve as your principle to invest regularly, aside from doing a lump sum investing. The power of compound interest should not be underestimated! Always be investing into your future regularly, you will be grateful to yourself in the future :)
2) Investing
I would recommend putting half the money into money into S&P500 which will guarantee about 10% returns. (around 14k after 4 years) and half into more risky individual stocks. You may consider disruptive tech company stocks, as they have shown exponential growth rates in the last few years.
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I would suggest to split this money into 24 portion and do DCA into global stock ETF like IWDA, VWRA...
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