Hi guys,
just starting out reading some stuff about investing small amounts every month to try to make some passive income and maybe build some money up over the long run. I read about some eft investings and crowdinvestings. Also i read about etorro which could also be an option if you read ur way into it i guess. Think about investing 50-100$ each month.
Anyone has some other ideas?
Hi ungluecklicher,
The technique of investing small amounts over time is called Dollar Cost Averaging -- or at least in North America it is called that -- there may be a more generic term used elsewhere
You can read about it in the link.
I had a look at eToro, and the problem for me would be the time it took to manage my investments, and all the decision-making involved.
I'm also not a fan of cryptocurrencies -- I don't think that they have the stability to be considered an investment. But it might be a fun gamble.
All the best,
VS
