Hello everyone, glad to be here, among other people who prefer spending less and living more.A journey of a thousand miles begins with.. finding the friggin' direction
I hope this place may help me find some of the inspiration and information to finally get my act together and make an actual financial plan for my life.
ERE won't be very E for me.. I'm already 38, with some very poorly invested savings. Basically:
855,000 dkr in a horrible bank-managed investment fund (about 70% bonds, 25% stocks, large fees that eat up any earnings).
200,000 dkr in a bank account with no interest
(also some actual pensions, but these two are the ones that stress me out)
So what's holding me back??
Well, I know the investment fund is horrible, so I'm loath to put my cash there... and I'm not sure whether I should change the investments for long-term profits, short-term in case I need/want to buy a home, or even if I should just go ahead and invest it all in a rental property. Argh.
So that's the sorry tale.. I may not know the direction yet, but I hope this is a first step to find the compass at least..