Start investing today to get an average yearly return of 12.5%.
So why should you start investing today?
It is an interesting question and to answer that we are going to talk about 4 cases.
Case A is a new student coming to Germany with a one year blocked account with a monthly allowance of 861 euros. A student in case A would spend about 500euros and saving the rest to fund their next year of studies. But they should be able to save 60 per month.
In case B we have a student who has a part time job earning 600euros per month. Considering that that dont have any other savings they should be able to save 100euros per month.
In case C we have a young professional who has a full time job and they are earning about 2300 after taxes. Young professionals tend to spend a lot and dont save much. As an average lets say they save 500 euros month.
In case D we have an experienced professional who is earning 3000+ euros. They have more expenses as they might be married and have children. But they should be saving at least 1000euros per month.
When it comes to investing in the stock market, people tend to say that they dont have much time to do their research but if you just create a saving plan and start investing in a broad market ETF like MSCI core world or S&P 500 index you can easily have an average return of 8 to 12 percent per year. Dont waste your time and start today.
*None of this is meant to be considered as investment advice, as I am not a financial expert and am only sharing my experience with stock investing. The video is accurate as of the posting date but may not be accurate in the future.
