this post was submitted on 25 Jun 2024
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Stocks

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Info: I'm European and wish to put most of my savings from my full-time job into stocks similar to S&P 500 and VanEck Semiconductor. I'm also a total newbie in this area, so some beginner tips would be greatly appreciated. :3

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[–] shocks@lemmy.world 4 points 4 months ago* (last edited 4 months ago) (1 children)

Depends on the exact country, as a local broker will (usually) handle taxes automatically for you. Of course you can do them yourself but in some European countries this could be time consuming and complex.

[–] PrivateNoob@sopuli.xyz 2 points 4 months ago

Hmm I'm from Hungary, that probably doesn't help that much, but what was your approach in investing your savings via stocks?

[–] Vinny_93@lemmy.world 3 points 4 months ago (1 children)

I work with eToro and I'm from the Netherlands. I like the app but I don't love it. I've also used Bux Zero which is very minimalist in its working and design.

[–] PrivateNoob@sopuli.xyz 1 points 4 months ago (1 children)

Hmm what makes you not love it tho? Does it have higher fees than average?

[–] Vinny_93@lemmy.world 2 points 4 months ago

I don't really care about the fees. If they make a dent in your profits your investment isn't worthwhile.

It's mostly the interface. A lot of information is hidden behind three dot menus. To really analyse a fund you have to take quite a bit of action. It takes time to find out.

Also sometimes I really don't trust the data I see in graphs. The values on the y axis will start at 830 and end at 880 but then in the graph, if you tap a data point the value will be 811 or something. I suppose for the in-depth stuff you'd better get your laptop.