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€100 per month

  • 05-07-2021 1:57am
    #1
    Registered Users Posts: 10 Irishgay84


    Hi All,

    I’m looking to start trying to invest and initially going to start small with €100 per month. I’m not sure where to begin. Should I do it myself or put it into a fund with one of the big life companies. Not into crypto as I don’t understand it.

    Any advice would be appreciated.


Comments

  • Registered Users Posts: 2,700 ✭✭✭ cronos


    Irishgay84 wrote: »
    Hi All,

    I’m looking to start trying to invest and initially going to start small with €100 per month. I’m not sure where to begin. Should I do it myself or put it into a fund with one of the big life companies. Not into crypto as I don’t understand it.

    Any advice would be appreciated.

    Are you maxing out your pension contributions already?


  • Registered Users Posts: 10 Irishgay84


    cronos wrote: »
    Are you maxing out your pension contributions already?

    No I’m not maxing out my pension. I don’t really want to lock my money away until retirement. Im looking at something over the medium term.


  • Registered Users Posts: 783 ✭✭✭ niallers1


    Best game in town is paying into a pension. The younger you do it the better. Unless of course you want to work until you are close to death.
    What's your definition of medium term?

    Before your invest anything, save up 3 months worth of expenses (not salary) as an emergency fund.
    If you have any type of consumer debt pay that first. You won't get a better return than that.


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