Just to share a little bit of a context. I just got married in the begging of June and me and my wife are planning to buy a 2 bedroom apartment in the city we live in (Cluj-Napoca, Romania, Europe). We both have very good jobs (me in IT, her in marketing) and were wondering about the context of buying a house now.
I recently started making good money and looking for ways to invest my money. I'm looking into buying some index but I am anticipating the market to at least dip quite a bit. Are other people waiting for a possible crash or dip for a good moment to buy in?
So i'm a FIRE novice from Croatia and since i realistically can't invest into anything here, i had an idea. Why wouldn't i invest into Vanguard index fund or something like that, via Revolut which is based in UK. Would that be possible and what would be the down side?
I know Revolut said last year they would offer investing baked right into their app with no commission per trade, but to this day there's still nothing of the sort...
I am particularly interested in BAC and Wells Fargo given their current valuation. I am not sure if I am exposing myself to too much currency risk than the global ETF that also trade US stocks. What are your thoughts on this? do you own US banks in your portfolio?
The "rendement annuel" over 1, 3, 5, 10 years. Is this telling me what my annual return on the total invested will be after e.g., 10 years? Does this mean that if I contribute 960 EUR each year, and the return in year 10 is 8.17%, then in year 10 I will receive (960 x 10 x 0.0817 =) 784.32 EUR into the fund?
Depending how this all works, I'm not sure how to figure out which is the 'best' one. I *think* that I can get an approximate comparison in a sense by taking each fund's annual return percentage and subtracting the "frais sur encours" (TER) percentage. For example, 8.17% - 1.32% = an approximate 'real' return of 6.85 for that year. Is that correct, or too easy? [Edit: realized that I would NOT subtract the 'frais d'entree, because that is a percentage of the contribution (e.g., 3% of 960), if I have understood correctly].
I bumped into this question, "What financial information do you wish was more commonly known?", in the bogleheads forum. I found it a really interesting read and am curious of what the community in this subreddit thinks.
here is the comment from the OP
With personal finance and investing information (index over active, fees matter, etc) becoming more widespread, what are some areas in finance that you wish more people knew about or paid attention to?