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After posting in /r/personalfinance I got recommended to make a post here since I am based in the EU.

For the next 6 months I will be an intern so my financial situation completely changed and I would like to discuss my possibilities and if what I am doing is right.
Currently I am a student finishing my bachelor thesis. I am an intern at the moment and I get a financial compensation for that. I'm 25 years old, no debt.

So my current income:

  • Income: € 1360 a month


  • Mobile plan: € 21 a month
  • Gym: € 17,50 a month
  • Healthcare and other insurance: € 120 a month
    Total: €158,50

I live at my parents' and am fortunate enough that I do not need to pay any costs for living at home. Currently my free cash flow after paying those bills is €1201,50. What I am currently doing with that is:

  • € 700 into savings
  • € 150 a month for entertainment
  • € 150 for new clothes/shoes/accessories
  • € 200 for food/restaurant (rarely have food or drinks out, so usually add another €100 to savings)

Am I saving too much and investing too little? I want to invest but I am not sure in what... I'm afraid of investing cash into something and not being able to access it if necessary.
Currently I have €2.5k in a savings account. I have no debt and when I graduate I won't have any debt either.

Am I doing it the right way or should I invest more and save less? And if so, invest in what? What ETF's would be ideal for long-term investing? I would like to take more risk to get higher returns in the end, with the possibility to withdraw money in case of emergencies.


I recently started reading about investments and I would like to choose ETF to put some money into. I'd like to start really conservative and see where it goes over time.

I haven't found a good article or a book that explains how to choose funds. I don't even know a website that lists some and explains what they are. All I see is a big table with a lot of numbers and abbreviations (the names of the funds), but I don't know how to research more on them. It's really confusing. I'd be really thankful if someone can give me a link to an article or something that explains at least how to read all the numbers.


I want to invest money to the future. However, I fall down to trade currency and I lost. That is the reason why I only want to invest for the funds which are not high risk. Any ideas how I can use saving money every month to invest money for the future? I can put every month 500 Euro for saving funds. I want to put every month with this mount of money and the next month is the same fund. Can anybody tell me which kind of funds I can put it into?


Hey everyone,

I am sorry for using a throwaway account, but I don't feel too comfortable sharing my identity online. I know some friends and former co-workers heavily use reddit and I am afraid they might "find me". Anyway, thanks in advance for take the time to read through this and for helping me.


  • In a nutshell: born and raised in Portugal.
  • Had a qualified desk job since I was 23.
  • Wasn't so good with money management, started budgeting and tracking expenses 30 days ago.
  • Don't have a car loan (just sold my car). I walk and use DriveNow/EMOV/Cabify/Uber/Taxify.
  • I rent a flat with my SO and we pay 800€ rent.
  • My fixed expenses (monthly) is roughly 1.200 €
  • The last couple of years I was making 30k/yearly/net.
  • Don't have a savings account or any saving strategy.
  • One year ago I started my first company (in Ireland)
    • This month that company started paying me 3.324 €/mo (net).
    • We have contracts secured for the next 36 months.
    • 3 weeks ago I registered as a tax payer in Ireland
  • On October 1st my second company will see light.
    • This one is registered in Portugal and will pay me 2.500 €/mo (net).
  • I currently have 16k under my name.

Where I need help

  • I am not experienced/good at money management.
  • I am afraid that making 5.8000 €/mo (net) will "make me go on a spending spree".
  • On the other hand I am placing my income on 2 companies I own and unfortunately I know some close friends that have had good runs but eventually "lost it all". So I need a contingency plan.
  • I like have 16.000 Euros around, available for any emergency. I would be stressed if I had all that stuck in a saving accounts or invested somewhere.
  • I just opened an account at DeGiro and don't know what to do.

My load of questions

  • I need to have at least 10.000 € on my account, otherwise I will be stressed. I know it must sound stupid, but I need to be able to get to that money if something happens.
  • I want to invest in DeGiro. I know nothing, but I have heard good things about strategies and investing in a long term. I want to build my retirement plan since I trust that the Portuguese Social Security won't have single cent when my retirement time is up.
    • However, since I know nothing about DeGiro I am quite afraid. I am ready to commit with 2.000 Euros (to open the account) and add around 500 Euros/mo.
      • Do you think this is enough?
    • What should my portfolio look like (ELI5/Dumb me down. I mean I literally need you to tell me [MANY THANKS IN ADVANCE] "Ok, put 1000 Euros to buy this, 300 on this, 200 on that, etc.)"
      • Do I need to change my positions monthly? I don't think I could do that. I would need something pretty passive, I guess.
    • Any chance I have a simulation on how much money I will have in 5yr? 10yrs? etc? I know many things can change, but just to have an estimation.
  • I don't trust the portuguese banking system. I have opened an account in Germany (N26). Am I safe? (I know it is impossible to say if I am 100% safe or not, but just generally speaking).

Is there anything that I am missing at the moment?

Once again, thank you so much. Really hope you can give me a hand!


Hi, I have read several investment books and think that investments funds which automatically rebalances itself and automatically adjusts its portfolio asset allocation with time (such as lifecycle funds / target-date funds mentioned in "I Will Teach You to be Rich" or Betterment mentioned by Mr. Money mustache ) suit my investment style quite well. I appreciate minimum maintenance work and I'm fine with just average market return.

However, I'm currently physically based in Europe (Non-European expat) and have trouble finding similar options in Europe. I currently have a account but I don't think they sell such products.

Does anyone know something similar I could use while here in Europe?


So I have been approached by a consultant from OVB (OVB allfinaz Romania broker de asigurari in my case but they seam present across europe) to let them invest my money for me I wanted to ask if anyone has worked with them and what experience you have if you did


Hello reddit! I'm from central europe, and have savings I wanted to invest. As here, stocks aren't such a big topic we discuss, I only know how they work, not how to get money from them. But I heard that SP 500 ETFs are a good way. I found 4 that my bank offers:

  • Vanguard S&P 500 ETF Shs ETF US9229083632 (How do these two differ?)
  • SPDR S&P 500 ETF TRUST US78462F1030

Does it matter in which I invest? Or are all the same risk, same gain?

Also, is it safe to invest 100% into this? Or should I spread 33% S&P, 33% Gold, 34% emerging markets or something like that?


Hi All! I have just started to invest and was wondering how you guys balance your portfolios in terms of stock, bonds, ETFs and etc... at the moment I have medium risk tolerance and appetite and would like to trade actively (swing trading)



After getting my masters degree in math, i am about to start working. Since my living standard won't change, i will have about 1000€ per month which i can invest.

But how? Maybe some ETFs?

I like to keep it simple and minimalistic. I have no debts and have no problem taking reasonable risks.

Thank you in advance for helping a newbie on how to cleverly invest!


20 year old Irish guy, have never invested in my life so I could use your help. Can I use websites like Fidelity or Vanguard, or are they just for American people?


I'm an European living in Sweden and I started to invest in Swedish and American stocks and I have a few questions. - how much is the tax when I sell my stocks? - and how do I declare my gains or losses? - does it work the same way for Swedish and international stocks?


I'm an European living in Sweden and I started to invest in Swedish and American stocks and I have a few questions. - how much is the tax when I sell my stocks? - and how do I declare my gains or losses? - does it work the same way for Swedish and international stocks?


Hi, I have 10k € that I would like to use to establish an emergency fund (maybe 3-4k) and I would like to invest the rest, and ideally not touch the money for at least 10-15 years. I'm based in Denmark currently, but I'm a Slovak national and I tend to move around a lot, so ideally the solution is not tied to Denmark too much.

What are my options? Can you recommend specific funds and services that are suitable for my goals? For example, is any good?

Thank you very much for your advice!


Just as the title suggested.

Also, what are some other platforms besides Degiro where I can trade?

Thank you in advance!


Hi guys

I am a big fan of this subreddit and it's my first time posting here, hopefully this is the right place. I am looking for advice on avoiding income tax where I can (I just finished reading 'The Millionaire Next Door').

I am currently putting 5% of my monthly wage into my pension and 5% into an Employee Share Purchase Plan leaving me with the 90% of taxed (40%) income which lets me pay rent, buys groceries etc. and sometimes each month I can put by another €300/€400 into my nest egg savings.

The shares have appreciated since I joined the company 18 months ago and would be regarded as blue-chip.

Unfortunately the shares are purchased after income tax at 40% but I recieve a 15% discount on their market value as part of the ESPP. If I sell my shares and make a profit greater than €1270 in a year I'll have to pay CGT tax at 33% (I don't plan to ever sell enough to go over this threshold) and I have to pay tax on the 15% the discount I receive.

Whereas my pension contribution happens before tax at 40% and is invested in low/medium risk funds. When I withdraw them at retirement I think (and this is where my knowlege gets hazy) that depending on the revenue streams I have at the time I might only have to pay a lower income rate.

So I'm trying to decide to:

a. Stop putting money into shares since they already get taxed at 40%, hold onto them and put that 5% into my pension (so 10% in total) instead since I'll get taxed less I think.

b. Keep putting 5% into each on the basis that the shares could appreciate a lot over time and I'll never sell enough to meet the €1270 threshold to avoid CGT

c. I don't have a 'c' that's why I'm asking! I'm looking for the best option available to avoid paying income tax.

Edit: I'm from Ireland

Thanks in advance :)

1 comment


I used to work in Switzerland so I have a 2nd Pilar account there, I'd like to use it as part of my long term portfolio (mainly ETFs). I'll be considered a French tax resident if I do so. What is the best option?

1) Cash out, pay the taxes on both sides, invest what's left in ETFs

2) Invest in a swiss bank-sponsored mutual fund, but which one? (most of what I've seen is a rip off with TER up to 2%)

3) Other low TER, low tax option in Switzerland?

I'm in my early 30s so that's a long term plan.


I asked this question in r/personalfinance a few months ago, but it didn't get much attention.

I am a US citizen living in Spain. I work for a Spanish company and was hired here. I at some point in my life, maybe next year maybe in 10 years, may move back to the US, but nothing is certain. I currently have a private pension fund with my bank, it seems to perform poorly, but it gives me a great tax return. The sum I add monthly is nothing large, but it is something. What would be the best way for me to save for retirement in such a scenario? Should I be putting my money into an American retirement account? Or keep on as I'm doing.


Good afternoon friends,

I have been made some payments on Payoneer for some freelance jobs. I have no experience in working with this payment provider. Do you know what's the cheapest way to withdraw USD from Payoneer into my EUR bank account?

I also have a Revolut (it's similar to N26) account if it helps.

Thanks beforehand!!

Crossposted by17 days ago

i cancelled my gym membership when i moved from Norway, but apparently the membership remained for the next month and now i got a letter saying i have to pay 80 dollars even though the membership was only 30 dollars per month. the collection agency has applied a 250% markup to it because of 'out of court costs', whatever that means. I've called up Icelandic collectors and none of them say they cooperate with Norway, will they attempt to apply more costs or try to send fucking dog the bounty hunter after me? anyone have similar experiences?

2 points

we're in a rather unique situation and would like an outsiders perspective on how we're doing.

  • married, we're in our early & late 30's

  • 1st (and only) kid expected later this year

  • we both have our own business, no personnel

  • SO made avg. €2000/month over the last 12 months

  • my income is highly uncertain: I started less than a year ago. With several €0 months, a crazy €6000 month and some in between I so far average roughly €1800/month

  • no pension plan (other than the little I gathered in regular jobs)

  • no income insurance

  • total monthly expense budget €2400

  • savings €35.000 (in savings account)

  • bought a house 6 years ago for €180.000, current (annuity) mortgage is about €135.000

My SO never had a regular job, but operates in a low-profit business area (arts&culture). We've always lived below our means: our spending didn't increase when our income increased. Lifestyle creep is present but has been slow. As such we've built a nest egg that allowed me to quit my job and start for myself.

Since then our monthly income has been volatile but allowed us to make an extra mortgage payment and still increase our savings. In our current situation we've got an 18 month no-income buffer, however, with a baby due our spending will change.

Currently we're coasting along: we both work 1 to 3 days a week for our current income. The rest of the time we spend on enjoying life, each other and the pregnancy. We both put in 0 effort in attracting new customers since we enjoy our current life and don't see a need to make more money (and have less free time).

We feel we're doing alright but we have nobody to compare us with. What do you think: are we doing alright, or are we being stupid? What should we change to improve our situation?

(edit: further clarification on why we're not growing our businesses)


Hi everyone,

I'm EU citizen with accounts in different currencies, some investments, etc.

I'm looking for a personal finance app with the following characteristics:

- API (for posting new transactions)

- Budgeting

- Reporting

- Multi currency support

- Liabilities support (Credit Cards, loans, etc)

- Stock market support

Any suggestion?


Situation is this:

  • I'm a US citizen
  • I reside in the European Union.
  • I do freelance on the side from my EU country of residence and my services are provided to various EU countries.
  • While I'm not an LLC, I do have an official business ID and business VAT/tax ID in my residence country.
  • I want to have a separate business bank account and TransferWise has this "borderless" account, although for the Euro side it's run and held within a German bank Handelsbanken.
  • My country of residence is not Germany.

To clarify, my reason for doing so is:

  • To keep my personal funds and my business funds separate. The Transferwise borderless account is totally free and separate from my personal residence country bank account.

  • My own personal bank my residence country would charge me a hefty monthly fee to have a separate account for my side business.

  • I want to do all of this legally and don't want to cause any red flags to my residence country's tax authorities.


Do EU banks report and share information on their personal clients and business clients to either other country tax authorities or other EU banks in other EU countries?


Hi, I was wondering how much do you pay in taxes if you buy (in portugal) stocks in america? I now there are deals but I'm having a hard time understanding what the final values would be if you buy and sell a stock (no dividend distributions).

Also, does the time you own the stock affect how much you pay? I hear that de values are different after a year

Thanks for your time!


I've been reading quite a bit on the matter and my head is now spinning: can someone shed some light over these topics?

  1. Let's consider FTSE All-World UCITS ETF from Vanguard, ISIN IE00B3RBWM25. I'm having an hard time understanding which one is the best. If I go to DeGiro search I'm presented with 5 options, XET, EAM, SWX and 2xLSE. I naïvely always thought that getting the one closer to home was better (in my case XET as I live in Germany) but now I'm not that sure anymore. How do you decide which market to buy from? Is there any real difference for people based in major European countries (usually not subjected to double taxation across different countries)?

  2. Following on the point above, can anyone tell me why the same ISIN has different tickers in different markets? What's the difference, if there is any? Is it just a naming thing?
    VWRL / IE00B3RBWM25 - SWX, EAM and LSE
    VWRD / IE00B3RBWM25 - LSE
    VG72 / IE00B3RBWM25 - XET

  3. DeGiro sometimes offers commission-free ETFs. Let's consider FTSE All-World UCITS and let's say that for 4 months DeGiro offers this ETF, commission-free, on a different market every month (i.e. XET, LSE, EAM, SWX), would it make sense to buy the same ISIN from different markets every month just to take advantage of the lack of commissions? Or is it better to keep accumulating on the same one? Of course, in the scenario where you contribute to your ETFs every month.

Thanks in advance!

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