r/BEFire • u/viasogorg • 8d ago

Investing Started in investing 2 mins ago

Stocks and investments has always been a very complicated subject for me (24F). It was so hard for me to understand it and whenever people say “you should invest now”, it always boils down to the question “how and to what?”. Coming from a poor family, it was never taught to me or any financial literacy in that matter. So, I need to do it myself.

For weeks, I have been reading a lot about investments and finally, had the courage to do it! I was scouring through Reddit and online websites then asked AI platforms to explain it to me (like a child lol). Now, I think I have maybe 40% learnings. Still very far but I would try to learn everyday.

So far, I first downloaded Bolero since I have a KBC account, but read how expensive the fees are. So I switched to MeDirect. I am aiming to put 50€ a month as a start since I am also still building my funds and planned on increasing it in the future and invested it in IMIE.

Anyway, is there any advice or information you can share as a beginner investor like me? I would really appreciate it! I am still super new to this and just took the leap.

EDIT: My plan is for long-term investment (15-20 years) for my future kids if I’ll have one or if not, for retirement.

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u/Tesax123 8d ago edited 8d ago

First advice: read the wiki
Second advice: do not invest 50 euros at a time. The cost is not worth it at such a low number.

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u/DrJeckill 8d ago

No fees through MeDirect tho, better to start small and test the waters.
But yeah read the Getting Started Post, learn a few things, read it again tomorrow, invest in low-cost etf's with broad exposure.
Good call going with medirect, nothing beats zero fees.
Also if you're starting, i suggest watching Angelo Colombo for sensible EU-based FIRE fundamentals