I'm 26 and trying to start saving for the future this year. Currently, my rather small pot of savings is in a credit union account. I read a book recently that suggested a very good return could be achieved with a long-term portfolio of index funds and bonds, buying more stock indexes when the market lowers and selling more/buying more bonds when it rises.
I've come up with the following portfolio and I'm just looking for advice. I know nobody can predict future returns but I think just a bit of confirmation that this looks like a decent strategy might be helpful, or any advice to change the portfolio would also be nice:
20% invested in euro-denominated bonds (perhaps using a bond index?)
20% in Vanguard S&P500 ETF
20% in Vanguard Total International Stock
40% in a German index fund
This will be a DIY thing using a service called Degiro. Does it look ok or is there any glaring problems?
I've come up with the following portfolio and I'm just looking for advice. I know nobody can predict future returns but I think just a bit of confirmation that this looks like a decent strategy might be helpful, or any advice to change the portfolio would also be nice:
20% invested in euro-denominated bonds (perhaps using a bond index?)
20% in Vanguard S&P500 ETF
20% in Vanguard Total International Stock
40% in a German index fund
This will be a DIY thing using a service called Degiro. Does it look ok or is there any glaring problems?