Hey everyone,
I'm seeking some perspective on my investment and savings strategy. I'm a 31-year-old married individual eagerly anticipating the arrival of our first child. We're considering a potential move from Ireland to a more affordable country like Poland, Lithuania, or Estonia, likely within the next 1-2 years. Here's a breakdown of our current situation:
On that note, I'm contemplating stopping cash accumulation and instead increasing my contribution to VWCE. Your thoughts?
Thanks in advance for your insights!
I'm seeking some perspective on my investment and savings strategy. I'm a 31-year-old married individual eagerly anticipating the arrival of our first child. We're considering a potential move from Ireland to a more affordable country like Poland, Lithuania, or Estonia, likely within the next 1-2 years. Here's a breakdown of our current situation:
Income and expenditure
- PAYE Salary: €6,500 per month after taxes
- Rent: €2,500 per month (Dublin, as have to go to office)
- Monthly Expenses: Average of €1,500
- Spouse's Income: None
- Loans: None
Summary of Assets and Liabilities
- Cash: €40,000 Irish Bank + €12,000 in Trade Republic (earning 2% per annum)
- Crypto: €20,000 (which is down €8,000)
- ETF: €15,000 in VWCE
- Stocks: €8,000 from previous employer
- Monthly Investment: Adding €1,200 to VWCE
- Pension: Contributing 5% (with a 5% employer match)
On that note, I'm contemplating stopping cash accumulation and instead increasing my contribution to VWCE. Your thoughts?
Thanks in advance for your insights!
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